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Keywords: Permanent income hypothesis (PIH)
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Journal Articles
Journal:
Applied Economic Analysis
Applied Economic Analysis (2024) 32 (96): 232–259.
Published: 07 May 2024
...Guillermo Cabanillas-Jiménez Purpose This study aims to investigate the impact of local windfall gains from the Spanish Christmas lottery on household consumption behavior. Design/methodology/approach The study applies differences-in-differences to assess permanent income hypothesis (PIH...
Includes: Supplementary data
