Alcohol dependence and the price of alcoholic beverages.
This study estimates the impact of the price of alcoholic beverages on latent dimensions of current alcohol dependence and abuse. A three-part econometric model is used to estimate the impact of price on three latent dimensions (factors). For heavier drinking, the estimated price elasticity is -1.325 (P = 0.027); for physical and other consequences of drinking, -1.895 (P = 0.003); for increased salience of drinking, -0.411 (P = 0.339). For a single latent factor characterized simply as dependence/abuse, estimated price elasticity is -1.487 (P = 0.012). These results suggest that higher prices for alcohol reduce important dimensions of current alcohol dependence and abuse.
Farrell
Susan
S
University of Minnesota, USA. sfarrell@willco.niaaa.nih.gov
Manning
Willard G
WG
Finch
Michael D
MD
D000434:Alcoholic Beverages / Q000191:economics* / Q000600:supply & distribution; D000437:Alcoholism / Q000150:complications / Q000191:economics* / Q000453:epidemiology*; D002755:Choice Behavior; D002908:Chronic Disease / Q000191:economics; D017281:Cost of Illness; D003710:Demography; D004335:Drug and Narcotic Control; D005192:Family Health; D005249:Fees and Charges; D015438:Health Behavior; D006801:Humans; D007182:Income; D017059:Models, Econometric; D012044:Regression Analysis; D012309:Risk-Taking; D013660:Taxes; D014481:United States / Q000453:epidemiology