Como ganhado assim perdido

The Ticket to Easy Street?
The Financial Consequences of Winning the Lottery*
Scott Hankins Mark Hoekstra† Paige Marta Skiba
University of Kentucky University of Pittsburgh Vanderbilt University
Scott.Hankins@uky.edu markhoek@pitt.edu Paige.Skiba@Vanderbilt.edu
March 26, 2010
Abstract
This paper examines whether giving large cash transfers to financially distressed people causes them
to avoid bankruptcy. A comparison of Florida Lottery winners who randomly received $50,000 to
$150,000 to small winners indicates that such transfers only postpone bankruptcy rather than prevent
it, a result inconsistent with the negative shock model of bankruptcy. Furthermore, the large
winners who subsequently filed for bankruptcy had similar net assets and unsecured debt as small
winners. Thus, our findings suggest that skepticism regarding the long-term impact of cash transfers
may be warranted.
Mais