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We follow 3,512 (of 1.4 million) applicants to a government lottery that randomly allocated visas to Bangladeshis for low-skilled, temporary labor contracts in Malaysia. Most lottery winners migrate, and their remittance substantially raises their family's standard of living in Bangladesh. The...
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of bank net worth and lead to a "gambling trap" with a persistent drop in investment and output. I bring the model to … gambling traps when not targeted. Targeted interventions have the capacity to eliminate adverse equilibria. …
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