Table 2.

Summary statistics

VariableMeanSDn
Lottery × win_region0.0720.258305,550
Win_region0.1520.36305,550
Lottery0.4330.496305,550
Lottery expenditure91.86936.16273,098
Age31.16528.394239,434
Single0.4260.495305,550
Married0.4680.499305,550
Education3.5141.629278,490
Employed0.4240.494278,490
Retired0.3370.473305,550

Notes:

Education reports the average level of completed studies by the head of the household; if we disentangle the different categories in this variable, indeed, we find that the majority have achieved Levels 3 and 4, which are secondary and A-levels (31.1% and 23.1% of the heads, respectively). On top of that, 15% of the heads completed only primary school and 13.5% completed a bachelor’s degree, jointly with 7% who did a master’s degree and only 0.8% completed a PhD. The remaining 8.9% have no studies

Source: Instituto Nacional de Estadística (INE)

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