The Cost of Binge Drinking

Marco Francesconi and Jonathan James

No 10412, CEPR Discussion Papers from C.E.P.R. Discussion Papers

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.

Keywords: Alcohol; Arrests; Externalities; Health; Road accidents (search for similar items in EconPapers)
JEL-codes: I12 I18 K42 (search for similar items in EconPapers)
Date: 2015-02
New Economics Papers: this item is included in nep-hea, nep-law and nep-ure
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Citations: View citations in EconPapers (2)

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Related works:
Working Paper: The Cost of Binge Drinking (2015)
Working Paper: The Cost of Binge Drinking (2015)
Working Paper: The Cost of Binge Drinking (2015)
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