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The Cost of Binge Drinking

Francesconi, Marco and James, Jonathan The Cost of Binge Drinking. [UNSPECIFIED]

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Abstract

We estimate the effect of binge drinking on accident and emergency attendances, road accidents, arrests, and the number of police officers on duty using a variety of unique data from Britain and a two-sample minimum distance estimation procedure. Our estimates, which reveal sizeable effects of bingeing on all outcomes, are then used to monetize the short-term externalities of binge drinking. We find that these externalities are on average £4.9 billion per year ($7 billion), about £80 for each man, woman, and child living in the UK. The price that internalizes this externality is equivalent to an additional 9p per alcoholic unit, implying a 20% increase with respect to the current average price.

Item Type: UNSPECIFIED
Uncontrolled Keywords: I12, I18, K42, alcohol, health, road accidents, arrests, externalities
Subjects: H Social Sciences > HB Economic Theory
Divisions: Faculty of Social Sciences > Economics, Department of
Depositing User: Jim Jamieson
Date Deposited: 10 Feb 2015 10:20
Last Modified: 17 Aug 2017 17:40
URI: http://repository.essex.ac.uk/id/eprint/12766

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