Income and lottery sales
Subtitle: transfers trump income from work and wealth
By: by Cletus C. Coughlin and Thomas A. Garrett.
Contributors: Garrett, Thomas A.; Federal Reserve Bank of St. Louis.
Series: Working paper -- 2008-004A; Working paper (Federal Reserve Bank of St. Louis : Online) -- 2008-004A.
Publisher: Federal Reserve Bank of St. Louis
Published: 2008
Place of publication: [St. Louis, Mo.]
Language: eng
Format: Electronic resource
Description: "Previous studies have examined the effect of income on lottery ticket expenditures using an aggregate measure of income, usually personal income.  Reasons exist, however, for believing that lottery expenditures do not respond equally to all sources of income.  This paper examines the propensity to purchase lottery tickets from separate types of income, namely income from earnings, transfer payments, and wealth.  Using county-level data for five states, we find evidence that lottery expenditures respond differently to changes in each income type, and that ticket purchases are most strongly influenced by changes in transfer payments.  Several policy implications follow from our results"--Federal Reserve Bank of St. Louis web site.
Notes: Title from PDF file as viewed on 1/28/2008.

Includes bibliographical references.

Also available in print.

System requirements: Adobe Acrobat Reader.

Mode of access: World Wide Web.