MARC Record from Scriblio

LEADER: 02423nam 22003017a 4500
001 2005615612
003 DLC
005 20050112074157.0
007 cr |||||||||||
008 050112s2004 mau sb 000 0 eng
010 $a 2005615612
040 $aDLC$cDLC
050 00 $aHB1
100 1 $aGrossman, Michael.
245 10 $aIndividual behaviors and substance use$h[electronic resource] :$bthe role of price /$cMichael Grossman.
260 $aCambridge, MA :$bNational Bureau of Economic Research,$cc2004
490 1 $aNBER working paper series ;$vworking paper 10948
538 $aSystem requirements: Adobe Acrobat Reader.
538 $aMode of access: World Wide Web.
500 $aTitle from PDF file as viewed on 1/12/2005.
530 $aAlso available in print.
504 $aIncludes bibliographical references.
520 3 $a"I discuss economic approaches to the demand for harmfully addictive substances and estimate time-series demand functions for the period from 1975 through 2003. My estimates suggest that changes in price can explain a good deal of the observed changes in cigarette smoking, binge alcohol drinking, and marijuana use by high school seniors. For example, the 70 percent increase in the real price of cigarettes since 1997 due to the Medicaid Master Settlement Agreement explains almost all of the 12 percentage point reduction in the cigarette smoking participation rate since that year. The 7 percent increase in the real price of beer between 1990 and 1992 due to the Federal excise tax hike on that beverage in 1991 accounts for almost 90 percent of the 4 percentage point decline in binge drinking in the period at issue. The wide swings in the real price of marijuana explain 70 percent of the reduction in particpation from 1975 to 1992, 60 percent of the subsequent growth to 1997, and almost 60 percent of the decline since that year. I conclude with implications for tax policy and for the lively and contentious debate concerning the legalization of marijuana, cocaine, and heroin"--National Bureau of Economic Research web site.
650 0 $aSubstance abuse$xEconomic aspects$zUnited States.
650 0 $aHigh school seniors$xSubstance abuse$zUnited States.
710 2 $aNational Bureau of Economic Research.
830 0 $aWorking paper series (National Bureau of Economic Research : Online) ;$vworking paper no. 10948.
856 40 $uhttp://papers.nber.org/papers/W10948