Document Type
Article
Publication Date
2-7-2015
Abstract
We find that lottery tax windfalls finance higher state-government expenditures on supplemental security income that increase consumption, but only during bust periods. Wealth transfers from lottery winners to low income households enable fiscal policy to stabilize consumption during bust periods.
Recommended Citation
Da, Z., Warachka, M., & Yun, H. (2015). Lottery tax windfalls, state-level fiscal policy, and consumption. Economics Letters, 129, 9-12. https://doi.org/10.1016/j.econlet.2015.01.028
Peer Reviewed
1
Copyright
Elsevier
Comments
This is an author-produced PDF of an article that later underwent peer review and was accepted for publication in Economics Letters, volume 129, in 2015. The definitive publisher-authenticated version may differ from this one and is available online at https://doi.org/10.1016/j.econlet.2015.01.028.