Keeping Up With the Joneses: Neighbors of Lottery Winners Are More L...

05/29/18


Bloomberg

Keeping Up With the Joneses: Neighbors of Lottery Winners Are More Likely to Go Bankrupt
Bloomberg
An earlier version of their paper got a flurry of publicity in 2016 by presenting evidence from bankruptcy filings that neighbors were trying to keep up with the lottery winner in their midst. A telltale sign was that they raised spending on things ...

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