An empirical analysis of alcohol addiction: results from the monitoring the future panels.
In a panel of young adults, we find that alcohol consumption is addictive in the sense that increases in past or future consumption cause current consumption to rise. The positive and significant future consumption effect is consistent with the hypothesis of rational addiction. The long-run price...
| Publicado en: | Economic Inquiry Vol. 36; pp. 39 - 49 |
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| Autores principales: | , , |
| Formato: | Artículo |
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Wiley-Blackwell
January 1998
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| Acceso en línea: | Ver este registro en EBSCOhost |
| fields | @attributes: recordID: 1 pdfLink: plink: https://search.ebscohost.com/login.aspx?direct=true&db=ssf&AN=510873780&site=ehost-live header: @attributes: shortDbName: ssf uiTerm: 510873780 longDbName: Social Sciences Full Text (H.W. Wilson) uiTag: AN controlInfo: bkinfo: jinfo: jid: 00952583 EIQ jtl: Economic Inquiry issn: 00952583 maglogo: N pubinfo: dt: January 1998 vid: 36 pid: 480 pub: Wiley-Blackwell artinfo: ui: 510873780 10.1111/j.1465-7295.1998.tb01694.x ppf: 39 ppct: 10 formats: fmt: @attributes: type: T tig: atl: An empirical analysis of alcohol addiction: results from the monitoring the future panels. aug: au: Grossman, Michael Chaloupka, Frank J. Sirtalan, Ismail su: Youth -- Alcohol use Excise tax Drinking age laws Alcoholic beverage sales & prices Alcoholic beverage tax Alcoholism Economics sug: subj: Youth -- Alcohol use Excise tax Drinking age laws Alcoholic beverage sales & prices Alcoholic beverage tax Alcoholism Economics ab: In a panel of young adults, we find that alcohol consumption is addictive in the sense that increases in past or future consumption cause current consumption to rise. The positive and significant future consumption effect is consistent with the hypothesis of rational addiction. The long-run price elasticity is approximately 60% larger than the short-run price elasticity and twice as large as the elasticity that ignores addiction. Thus, a tax hike policy to curtail consumption or abuse may not have a favorable cost-benefit ratio unless it is based on the long-run price elasticity. Reprinted by permission of Western Economic International, 7400 Center Ave., Ste. 109, Huntington Beach, CA 92647-3039 USA, Ph. 1-714-898-3222, Fax 1-714-891-6715, E-mail [|Wu]info@weainternational.org[|WU] [|Wu]http://www.weainternational.org[|WU] pubtype: Academic Journal doctype: Article src: R language: English refInfo: copyright: @attributes: flag: N holdings: @attributes: islocal: N |
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