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The Cost of Binge Drinking

Author

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  • Marco Francesconi

    (University of Essex)

  • Jonathan James

    (University of Bath)

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.
(This abstract was borrowed from another version of this item.)

Suggested Citation

  • Marco Francesconi & Jonathan James, 2015. "The Cost of Binge Drinking," Department of Economics Working Papers 36/15, University of Bath, Department of Economics.
    • Handle: RePEc:eid:wpaper:58143
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    References listed on IDEAS

    as
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    More about this item

    JEL classification:

    • I12 - Health, Education, and Welfare - - Health - - - Health Behavior
    • I18 - Health, Education, and Welfare - - Health - - - Government Policy; Regulation; Public Health
    • K42 - Law and Economics - - Legal Procedure, the Legal System, and Illegal Behavior - - - Illegal Behavior and the Enforcement of Law

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