TY  - RPRT
        AU  - Francesconi, Marco
AU  - James, Jonathan
        TI  - The Cost of Binge Drinking
        PY  - 2015/Feb/
        PB  - Institute of Labor Economics (IZA)
        CY  - Bonn
        T2  - IZA Discussion Paper
        IS  - 8849
        UR  - https://www.iza.org/publications/dp8849
        AB  - 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.
        KW  - alcohol
KW  - health
KW  - road accidents
KW  - arrests
KW  - externalities
        ER  -