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Publication Type:
journal articles

Publication Year:
2016

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Politicians' Luck of the Draw: Evidence from the Spanish Christmas Lottery
(with Manuel Bagues)
Journal of Political Economy , Vol. 124(5), 2016, pp. 1269-94
Abstract: Incumbent politicians tend to receive more votes when economic conditions are good. In this paper we explore the source of this correlation, exploiting the ex- ceptional evidence provided by the Spanish Christmas Lottery. Because winning tickets are typically sold by one lottery outlet, winners tend to be geographi- cally clustered. This allows us to study the impact of exogenous good economic conditions on voting behavior. We find that incumbents receive significantly more votes in winning provinces. The evidence is consistent with a temporary increase in happiness making voters more lenient toward the incumbent, or with a stronger preference for the status quo.
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Politicians' Luck of the Draw: Evidence from the Spanish Christmas Lottery

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