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Q. Assume you have a dataset available that includes information on who is playing in a lottery, who wins a lottery and information on how much these individuals work over several time periods (both before and after the lottery).

a) How would you test whether winning the lottery affects labour supply and hence whether the predictions, hold in the real world? Describe the method you would use and how you would use it.

b) Would you use the full sample of individuals in the data set or only the individuals that in the first place play lotteries?

Answer 1