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This paper investigates two central issues regarding state lotteries. First, analyses of multiple sources of
micro-level data demonstrate that household lottery spending is financed primarily by a re...
Indivisible-labor, lotteries and idiosyncratic productivity shocks
Indivisible-labor Lotteries Idiosyncratic shocks Neoclassical growth model Heterogeneous agents Quasi-linear preferences
2015/7/21
Indivisible-labor, lotteries and idiosyncratic productivity shocks.