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. Author manuscript; available in PMC: 2015 Nov 1.
Published in final edited form as: Eur Econ Rev. 2014 Nov 1;72:197–220. doi: 10.1016/j.euroecorev.2014.10.003

Table 3.

Descriptive statistics of control variables by lottery winning status, BHPS

Variable Non-winners Winners Small Win Big Win
Log Household Wealth 10.44 10.78*** 10.75 11.21
Log Household Income 10.03 10.13*** 10.13 10.18
Age 45.90 45.48*** 45.44 46.17
Sex 0.44 0.57*** 0.56 0.61***
Region
  Greater London (regions 1 and 2) 0.05 0.06*** 0.06 0.06
  South (regions 3 and 4) 0.17 0.24*** 0.24 0.22
  East (regions 5 and 6) 0.08 0.11*** 0.11 0.09*
  West (regions 7 and 8) 0.06 0.06*** 0.06 0.07
  North (regions 9 to 16) 0.16 0.21*** 0.21 0.21
  Wales (region 17) 0.16 0.11*** 0.11 0.10
  Scotland (region 18) 0.17 0.18 0.18 0.18
  Northern-Ireland (region 19) 0.14 0.03*** 0.03 0.07***
Household Size 2.86 2.77*** 2.78 2.76
Number of Children 0.52 0.45*** 0.45 0.54***
Level of Education
  Post-secondary Education (levels 1 to 5) 0.44 0.48*** 0.48 0.43***
  Completed Secondary Education (levels 6 and 7) 0.26 0.27*** 0.27 0.29
  Less than Secondary Education (levels 8 to 13) 0.29 0.25*** 0.25 0.28*
Health Status
  Excellent 0.23 0.22*** 0.22 0.25**
  Good 0.46 0.49*** 0.49 0.46
  Fair 0.21 0.20*** 0.20 0.19
  Poor 0.08 0.07*** 0.07 0.08
  Very poor 0.02 0.02 0.02 0.02
Marital Status
  Married, Civil partnership 0.53 0.57*** 0.57 0.52***
  Widowed 0.08 0.06*** 0.05 0.07**
  Never Married 0.29 0.28 0.28 0.28
  Separated, Divorced, Dissolved civil partnership 0.10 0.09*** 0.09 0.13***
Employment Status
  Self-employed 0.07 0.07*** 0.07 0.15***
  Employed, Maternity leave 0.50 0.58*** 0.58 0.55*
  Disabled 0.05 0.04*** 0.04 0.03
  Unemployed, Government training schemes 0.04 0.02*** 0.02 0.02
  Retired 0.22 0.19*** 0.19 0.19
  Full-time student, Family care, Other 0.14 0.09*** 0.09 0.06***
Number of observations 149,333 16,155 15,274 881
*

p-value < 0.1,

**

p-value < 0.05,

***

p-value < 0.01

Notes: Author’s calculations based on the 1997–2008 BHPS. Small Win refers to an amount won under 500 British pounds, and Big Win to an amount won above 500 British pounds. The asterisks denote whether the difference in means between non-winners (column 2) and winners (column 3) and between small winners (column 4) and big winners (column 5) are statistically significant. For ease of exposition, the 19 regions are subdivided into eight sub regions, the 13 educational categories into three, marital status into four and employment status into six categories (see Table 9 for definitions of the 19 regions, 13 education levels, 7 marital status and 10 employment status categories).