A note on 'Economic conditions and alcohol problems'.

Abstract:

:This paper reexamines the effect of the business cycle on alcohol consumption using U.S. state-level analysis introduced by Rhum [Ruhm, C.J., 1995. Economic conditions and alcohol problems. Journal of Health Economics 14, 583-603]. Using an extended panel, this analysis finds that Ruhm's estimates are biased and inconsistent due to the problem of non-stationarity in alcohol consumption and state economic condition time series. Corrected estimation using logarithmic first differences confirms Ruhm's original finding of pro-cyclical alcohol consumption, but these results, unlike Ruhm's, are robust to sample period.

journal_name

J Health Econ

authors

Freeman DG

doi

10.1016/s0167-6296(99)00005-3

subject

Has Abstract

pub_date

1999-10-01 00:00:00

pages

661-70

issue

5

eissn

0167-6296

issn

1879-1646

pii

S0167-6296(99)00005-3

journal_volume

18

pub_type

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