Do Lottery Payments Induce Savings Behavior: Evidence from the Lab
NBER Working Paper No. 19130
---- Acknowledgements ----
We thank the University of Maryland, Department of Economics for its generous financial support for this research. We thank seminar participants at Penn State University (Smeal College of Business) and University College London, conference participants at the 2013 RAND Behavioral Finance Forum and the Decision Theory Conference at ITAM, as well as Matthew Embrey, Philippe Jehiel, Anthony Kwasnica and Antoine Terracol for helpful discussions. Kristian López-Vargas programmed the experiment in z-Tree and also provided excellent assistance during the experimental sessions. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research.