Summary statistics
| Variable | Mean | SD | n |
|---|---|---|---|
| Lottery × win_region | 0.072 | 0.258 | 305,550 |
| Win_region | 0.152 | 0.36 | 305,550 |
| Lottery | 0.433 | 0.496 | 305,550 |
| Lottery expenditure | 91.869 | 36.16 | 273,098 |
| Age | 31.165 | 28.394 | 239,434 |
| Single | 0.426 | 0.495 | 305,550 |
| Married | 0.468 | 0.499 | 305,550 |
| Education | 3.514 | 1.629 | 278,490 |
| Employed | 0.424 | 0.494 | 278,490 |
| Retired | 0.337 | 0.473 | 305,550 |
| Variable | Mean | SD | |
|---|---|---|---|
| Lottery × win_region | 0.072 | 0.258 | 305,550 |
| Win_region | 0.152 | 0.36 | 305,550 |
| Lottery | 0.433 | 0.496 | 305,550 |
| Lottery expenditure | 91.869 | 36.16 | 273,098 |
| Age | 31.165 | 28.394 | 239,434 |
| Single | 0.426 | 0.495 | 305,550 |
| Married | 0.468 | 0.499 | 305,550 |
| Education | 3.514 | 1.629 | 278,490 |
| Employed | 0.424 | 0.494 | 278,490 |
| Retired | 0.337 | 0.473 | 305,550 |
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
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