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Alcohol Prices, Consumption, and Traffic Fatalities
Douglas J. Young and Agnieszka Bielinska-Kwapisz
Southern Economic Journal
Vol. 72, No. 3 (Jan., 2006), pp. 690-703
Published by: Southern Economic Association
Stable URL: http://www.jstor.org/stable/20111841
Page Count: 14
You can always find the topics here!Topics: Death, Traffic estimation, Alcoholic beverages, Taxes, Estimated taxes, Prices, Alcohol drinking, Excise taxes, Population estimates, Instrumental variables estimation
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We examine the relationships among alcohol prices, consumption, and traffic fatalities using data across U.S. states from 1982 to 2000. Some previces studies have found large, negative associations between alcohol taxes and fatalities. However, commonly used price data suggest little or no connection between alcohol prices and fatalities. These apparently conflicting findings may result from measurement error and/or endogeneity in the price data, which biases ordinary least squares estimators toward a finding of no price effects. Using alcohol taxes as instrumental variables, fatalities are found to be negatively related to prices. In addition, alcohol consumption is strongly positively related to fatalities. However, biases may still remain, because taxes are not entirely suitable as instruments.
Southern Economic Journal © 2006 Southern Economic Association