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The impact of gambling on personal bankruptcy rates |
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| Institution: | 1. Department of Psychology, American University, Washington, DC, USA;2. The National Institute of Mental Health, National Institutes of Health, Bethesda, MD, USA;1. Department of Psychology and Neuroscience, Dalhousie University, Halifax, Nova Scotia, Canada;2. Department of Psychiatry, Dalhousie University, Halifax, Nova Scotia, Canada;1. Department of Psychology, University of Calgary, 2500 University Drive NW, Calgary, AB T2N 1N4, Canada;2. Impulse Control Disorders Outpatient Unit, Institute and Department of Psychiatry, University of São Paulo, Butantã, São Paulo, State of São Paulo 03178-200, Brazil |
| Abstract: | Both access to casino gambling and the personal bankruptcy rate have risen substantially in recent years. A reported correlation between greater access to gambling facilities and state and county bankruptcy rates suggests the increased availability of gambling might be an important factor explaining the increased national bankruptcy rate. A correlation between convenient access to gambling and high bankruptcy rates might also occur if distressed communities are more receptive to the introduction of casinos than prosperous communities. This paper utilizes panel data to investigate the impact of the introduction of casinos on county bankruptcy rates. The evidence reported here does not support the hypothesis that the introduction of gambling has impacted county bankruptcy rates. |
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