Lottery tax windfalls, state-level fiscal policy, and consumption

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.

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Year of publication:	2015
Authors:	Da, Zhi ; Warachka, Mitch ; Yun, Hayong
Published in:	Economics Letters. - Elsevier, ISSN 0165-1765. - Vol. 129.2015, C, p. 9-12
Publisher:	Elsevier
Subject:	Lottery tax windfalls \| Fiscal policy \| Consumption

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Type of publication:	Article
Classification:	E2 - Consumption, Saving, Production, Employment, and Investment ; E3 - Prices, Business Fluctuations, and Cycles ; E6 - Macroeconomic Policy Formation, Macroeconomic Aspects of Public Finance, Macroeconomic Policy, and General Outlook ; H2 - Taxation, Subsidies, and Revenue ; H3 - Fiscal Policies and Behavior of Economic Agents ; H7 - State and Local Government; Intergovernmental Relations
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10011263453