The state of Georgia allocated most of its land to the public through a system of lotteries. These episodes provide unusual opportunities to assess the long-term impact of large shocks to wealth, as winning was uncorrelated with individual characteristics and participation was nearly universal...

This study examines a wide range of health and economic outcomes in a sample of Irish- and African-American Civil War veterans during the postbellum period. The information in our data is from a variety of circumstances across an individual's life span, and we use that to attempt to explain...