New inquiry via the NBER:
On Jan 1, 1991, the federal excise taxation on beer doubled, in addition to the taxation rates on vino in addition to liquor increased equally well. These changes are larger than the typical state-level changes that accept been used to written report the effect of cost on alcohol abuse in addition to its consequences. In this paper, nosotros railroad train a method to approximate to a greater extent than or less of import effects of those large 1991 changes, exploiting the interstate differences inwards alcohol consumption. We demonstrate that the relative importance of drinking inwards traffic fatalities is closely tied to per capita alcohol consumption across states. As a result, nosotros await that the proportional effects of the federal taxation increment on traffic fatalities would live positively correlated amongst per capita consumption. We demonstrate that this is indeed the case, in addition to infer estimates of the cost elasticity in addition to lives saved inwards each state. We repeat this practice for other injury-fatality rates, in addition to for ix categories of crime. For each outcome, the estimated effect of the taxation increment is negatively related to average consumption, in addition to that human relationship is highly pregnant for the overall injury driblet dead rate, the trigger-happy criminal offence rate, in addition to the holding criminal offence rate. A conservative approximate is that the federal taxation reduced injury deaths past times 4.7%, or close 7,000, inwards 1991.Sumber https://gregmankiw.blogspot.com/
