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The Own and Social Effects of an Unexpected Income Shock : Evidence from the Dutch Postcode Lottery

Kuhn, Peter - 2008

In the Dutch Postcode Lottery a postal code (19 households on average) is randomly selected weekly, and prizes - consisting of cash and a new BMW - are awarded to lottery participants living in that postal code. On average, this generates a temporary, unexpected income shock equal to about eight...

Persistent link: https://www.econbiz.de/10012771803

State Lotteries and Consumer Behavior

Kearney, Melissa S. - 2021

lotteries primarily crowd out other forms of gambling, or do they crowd out non-gambling consumption? Second, does consumer … misinformed about the risks and returns of lottery gambles? Analyses of multiple sources of micro-level gambling data demonstrate … that lottery spending does not substitute for other forms of gambling. Household consumption data suggest that household …

Persistent link: https://www.econbiz.de/10013221279

Spatial Competition and Cross-Border Shopping : Evidence from State Lotteries

Knight, Brian G.; Schiff, Nathan - 2021

This paper investigates competition between jurisdictions in the context of cross-border shopping for state lottery tickets. We first develop a simple theoretical model in which consumers choose between state lotteries and face a trade-off between travel costs and the price of a fair gamble,...

Persistent link: https://www.econbiz.de/10013224412

Estimating the Effect of Unearned Income on Labor Supply, Earnings, Savings, and Consumption : Evidence from a Survey of Lottery Players

Imbens, Guido W.; Rubin, Donald B.; Sacerdote, Bruce - 2021

Knowledge of the effect of unearned income on economic behavior of individuals in general, and on labor supply in particular, is of great importance to policy makers. Estimation of income effects, however, is a difficult problem because income is not randomly assigned and exogenous changes in...

Persistent link: https://www.econbiz.de/10013246652

Financial Literacy and High-Cost Borrowing in the United States

Lusardi, Annamaria - 2013

In this paper, we examine high-cost methods of borrowing in the United States, such as payday loans, pawn shops, auto title loans, refund anticipation loans, and rent-to-own shops, and offer a portrait of borrowers who use these methods. Considering a representative sample of more than 26,000...

Persistent link: https://www.econbiz.de/10013083084

Public or Private Production of Food Safety : What Do U.S. Consumers Want?

Smith, V. Kerry - 2010

This paper reports estimates of consumers' preferences for plans to improve food safety. The plans are distinguished based on whether they address the ex ante risk of food borne illness or the ex post effects of the illness. They are also distinguished based on whether they focus on a public...

Persistent link: https://www.econbiz.de/10012758450

Scarring Body and Mind : The Long-Term Belief-Scarring Effects of Covid-19

Kozlowski, Julian - 2020

The largest economic cost of the COVID-19 pandemic could arise from changes in behavior long after the immediate health crisis is resolved. A potential source of such a long-lived change is scarring of beliefs, a persistent change in the perceived probability of an extreme, negative shock in the...

Persistent link: https://www.econbiz.de/10012829787

Inflation with Covid Consumption Baskets

Cavallo, Alberto - 2020

The Covid-19 Pandemic has led to changes in consumer expenditure patterns that can introduce significant bias in the measurement of inflation. I use data collected from credit and debit transactions in the US to update the official basket weights and estimate the impact on the Consumer Price...

Persistent link: https://www.econbiz.de/10012831285

U.S. V. Microsoft : Did Consumers Win?

Evans, David A.; Evans, David S.; Nichols, Albert L.; … - 2022

U.S. v. Microsoft and the related state suit filed in 1998 appear finally to have concluded. In a unanimous en banc decision issued in late June 2004, the D.C. Circuit Court of Appeals rejected challenges to the remedies approved by the District Court in November 2002. The wave of follow-on...

Persistent link: https://www.econbiz.de/10014061553

Consumer Behavior and Immigrant Assimilation : a Comparison of the United States, Britain and Germany, 1889/1890

Haines, Michael R. - 2022

This paper utilizes household-level budget data from the 1889/90 United States Commissioner of Labor survey to estimate the full Almost Ideal Demand System with demographic and other covariates. Price data were obtained from the Aldrich Report of 1892. The purpose is to make better use of the...

Persistent link: https://www.econbiz.de/10013309366

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