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Title:Gambling and the use of credit: an individual and household level analysis PDF Logo
Authors:Brown, Sarah
Dickerson, Andy
McHardy, Jolian
Taylor, Karl
Issue Date:2010
Series/Report no.:IZA Discussion Papers 4804
Abstract:We explore the relationship between gambling and other forms of risk-taking behaviour, i.e. exposure to debt and the use of credit, at the individual and household level using representative pooled cross-section data drawn from the UK Expenditure and Food Surveys (EFS), 2001 to 2007. Gambling and the use of credit are shown to be positively correlated at the household level. While both the incidence and amount of gambling vary according to household income, the positive association between gambling and the use of credit is remarkably stable across household income. In addition to our household level analysis, we also explore the prevalence of intra-household gambling, which has attracted relatively limited attention in the existing literature. It is apparent that there is strong intra-household correlation in both gambling activity and in the use of credit, with somewhat stronger relationships in lower income households.
Subjects:Risk-taking
gambling
credit
debt
JEL:D14
D81
L83
Document Type:Working Paper
Appears in Collections:IZA Discussion Papers, Forschungsinstitut zur Zukunft der Arbeit (IZA)

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