期刊
JOURNAL OF HEALTH ECONOMICS
卷 34, 期 -, 页码 96-103出版社
ELSEVIER SCIENCE BV
DOI: 10.1016/j.jhealeco.2013.12.006
关键词
Alcohol demand; Elasticities; Cross price elasticities; Pseudo-panel
资金
- Medical Research Council
- Economic and Social Research Council [G1000043]
- MRC [G1000043] Funding Source: UKRI
- Medical Research Council [G1000043, MR/K023195/1, MR/K023195/1B] Funding Source: researchfish
The estimation of price elasticities of alcohol demand is valuable for the appraisal of price-based policy interventions such as minimum unit pricing and taxation. This study applies a pseudo-panel approach to the cross-sectional Living Cost and Food Survey 2001/2-2009 to estimate the own- and cross-price elasticities of off- and on-trade beer, cider, wine, spirits and ready-to-drinks in the UK. A pseudo-panel with 72 subgroups defined by birth year, gender and socioeconomic status is constructed. Estimated own-price elasticities from the base case fixed effect models are all negative and mostly statically significant (p<0.05). Off-trade cider and beer are most elastic (-1.27 and -0.98) and off-trade spirits and on-trade ready-to-drinks are least elastic (-0.08 and -0.19). Estimated cross-price elasticities are smaller in magnitude with a mix of positive and negative signs. The results appear plausible and robust and could be used for appraising the estimated impact of price-based interventions in the UK. (C) 2014 The Authors. Published by Elsevier B.V. All rights reserved.
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