How Do Cash Windfalls Affect Entrepreneurship? Evidence from the Spanish Christmas Lottery
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DOI: 10.1017/s0022109024000371
Abstract: Abstract We show cash windfalls affect the real economy by spurring entrepreneurship. We identify these effects using the Spanish Christmas Lottery, which provides a unique setting as prizes are geographically concentrated and distributed among thousands… read more here.
Keywords: spanish christmas; cash windfalls; christmas lottery; lottery ... See more keywords