Plausibly Exogenous [1431] - Ponzi (01/01/2024)
LHS Variable
Household income
RHS Variable
Illusion of attaining substantial wealth
Source of Exogenous Variation
Staggered entry into a Ponzi scheme called “Wincapita”
- Knüpfer, Rantala, Vihriala, and Vokata (2023), “Household Responses to Phantom Riches”