Plausibly Exogenous [1196] - Lottery (05/12/2023)
LHS Variable
Small business lending
RHS Variable
Presence of state borders
Source of Exogenous Variation
Jackpot winnings from Powerball (PB) and Mega Millions (MM) lotteries as a shock to local bank’s funding
- Parra (2022), “Capital Mobility and Regulation Frictions: Evidence from U.S. Lottery Winners”