Proceedings of the 2021 International Conference on Financial Management and Economic Transition (FMET 2021)

How Does Alcohol Consumption Affect People’s Income

Authors
Zechen Ye, Yantong Zhu, Hang Liu, Yukun Bai
Corresponding Author
Zechen Ye
Available Online 18 September 2021.
DOI
10.2991/aebmr.k.210917.082How to use a DOI?
Keywords
alcohol consumption, people’s income
Abstract

With the development of society and technology, it has seen a dramatic rise in people’s living standards. Wine as a high level of consumer goods in people’s daily lives accounts for an increasing proportion. Therefore, the relationship between people’s per capita income needs to be studied further. The research using the National Longitudinal Survey of Youth (NLSY) data mainly utilized a multiple linear regression model to create a linear relationship between alcohol behaviors and wages. It introduced a method of the instrumental variable to eliminate the endogenous problems in the model. The drinking behaviors were divided into two groups based on the number of drinks consumed per day, and to make our conclusion more reasonable, samples that have more than 4 drinks per day were dropped in the research. After fixing the model using an instrumental variable, the coefficients of the independent variables are positive and tested to be valid, which means moderate alcohol use positively impacts people’s wages. Although we get the results not consistent with other related researches, our conclusion still has some practical implications. Moderate alcohol use is beneficial to the heart and cerebrovascular health, especially to the long-term overtime workers. Still, it alleviates the brain’s pressure, which improves cognitive performance and increases the work’s productivity. Therefore, drinking alcohol properly is a wise choice, which can keep us healthy and increase our income compared to drinking excessively.

Copyright
© 2021, the Authors. Published by Atlantis Press.
Open Access
This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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Volume Title
Proceedings of the 2021 International Conference on Financial Management and Economic Transition (FMET 2021)
Series
Advances in Economics, Business and Management Research
Publication Date
18 September 2021
ISBN
10.2991/aebmr.k.210917.082
ISSN
2352-5428
DOI
10.2991/aebmr.k.210917.082How to use a DOI?
Copyright
© 2021, the Authors. Published by Atlantis Press.
Open Access
This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

Cite this article

TY  - CONF
AU  - Zechen Ye
AU  - Yantong Zhu
AU  - Hang Liu
AU  - Yukun Bai
PY  - 2021
DA  - 2021/09/18
TI  - How Does Alcohol Consumption Affect People’s Income
BT  - Proceedings of the 2021 International Conference on Financial Management and Economic Transition (FMET 2021)
PB  - Atlantis Press
SP  - 543
EP  - 547
SN  - 2352-5428
UR  - https://doi.org/10.2991/aebmr.k.210917.082
DO  - 10.2991/aebmr.k.210917.082
ID  - Ye2021
ER  -