Betting on the House: The Impact of Gambling on Homeownership in Australia

Gambling is commonly associated with social and economic disadvantage. In this paper we examine the impact of gambling on homeownership, using Australian panel data. We find that gambling is associated with a lower probability of homeownership. Specifically, our endogeneity corrected estimates show...

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Autores principales: Baako, Kingsley Tetteh, Mintah, Kwabena, Churchill, Sefa Awaworyi, Farrell, Lisa
Formato: Online Artículo Texto
Lenguaje:English
Publicado: Springer US 2023
Materias:
Original Paper
Acceso en línea:https://www.ncbi.nlm.nih.gov/pmc/articles/PMC10246535/
https://www.ncbi.nlm.nih.gov/pubmed/37284991
http://dx.doi.org/10.1007/s10899-023-10217-y
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author Baako, Kingsley Tetteh
Mintah, Kwabena
Churchill, Sefa Awaworyi
Farrell, Lisa
author_facet Baako, Kingsley Tetteh
Mintah, Kwabena
Churchill, Sefa Awaworyi
Farrell, Lisa
author_sort Baako, Kingsley Tetteh
collection PubMed
description Gambling is commonly associated with social and economic disadvantage. In this paper we examine the impact of gambling on homeownership, using Australian panel data. We find that gambling is associated with a lower probability of homeownership. Specifically, our endogeneity corrected estimates show that an increase in problem gambling is associated with between 1.6 and 1.8 percentage point decrease in the probability of owning a home depending on the model. Our result show that financial stress and social capital are channels through which gambling influences the probability of homeownership.
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spelling pubmed-102465352023-06-08 Betting on the House: The Impact of Gambling on Homeownership in Australia Baako, Kingsley Tetteh Mintah, Kwabena Churchill, Sefa Awaworyi Farrell, Lisa J Gambl Stud Original Paper Gambling is commonly associated with social and economic disadvantage. In this paper we examine the impact of gambling on homeownership, using Australian panel data. We find that gambling is associated with a lower probability of homeownership. Specifically, our endogeneity corrected estimates show that an increase in problem gambling is associated with between 1.6 and 1.8 percentage point decrease in the probability of owning a home depending on the model. Our result show that financial stress and social capital are channels through which gambling influences the probability of homeownership. Springer US 2023-06-07 /pmc/articles/PMC10246535/ /pubmed/37284991 http://dx.doi.org/10.1007/s10899-023-10217-y Text en © The Author(s) 2023 https://creativecommons.org/licenses/by/4.0/Open Access This article is licensed under a Creative Commons Attribution 4.0 International License, which permits use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons licence, and indicate if changes were made. The images or other third party material in this article are included in the article's Creative Commons licence, unless indicated otherwise in a credit line to the material. If material is not included in the article's Creative Commons licence and your intended use is not permitted by statutory regulation or exceeds the permitted use, you will need to obtain permission directly from the copyright holder. To view a copy of this licence, visit http://creativecommons.org/licenses/by/4.0/ (https://creativecommons.org/licenses/by/4.0/) .
spellingShingle Original Paper
Baako, Kingsley Tetteh
Mintah, Kwabena
Churchill, Sefa Awaworyi
Farrell, Lisa
Betting on the House: The Impact of Gambling on Homeownership in Australia
title Betting on the House: The Impact of Gambling on Homeownership in Australia
title_full Betting on the House: The Impact of Gambling on Homeownership in Australia
title_fullStr Betting on the House: The Impact of Gambling on Homeownership in Australia
title_full_unstemmed Betting on the House: The Impact of Gambling on Homeownership in Australia
title_short Betting on the House: The Impact of Gambling on Homeownership in Australia
title_sort betting on the house: the impact of gambling on homeownership in australia
topic Original Paper
url https://www.ncbi.nlm.nih.gov/pmc/articles/PMC10246535/
https://www.ncbi.nlm.nih.gov/pubmed/37284991
http://dx.doi.org/10.1007/s10899-023-10217-y
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