Social capital and windfalls: Empirical evidence
Yannis Georgellis (),
John Sessions () and
Economics Letters, 2008, vol. 99, issue 3, 521-525
We examine the correlates of windfall gains amongst a sample of British respondents. Our results suggest that such gains are not random, but are significantly related to a variety of individual characteristics and traits. In particular, proxies of social capital are significantly related to the probability of receiving a windfall.
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