We explore the relationship between gambling and other forms of risk-taking behaviour, i.e. exposure to debt and the … Expenditure and Food Surveys (EFS), 2001 to 2007. Gambling and the use of credit are shown to be positively correlated at the … household level. While both the incidence and amount of gambling vary according to household income, the positive association …

amongst those likely to be credit constrained. This is consistent with credit constrained, risk-averse agents gambling to … convexify their budget set. -- Gambling ; Lotteries ; Consumption ; Durables …