Does Drinking Truly Cut Down Individual Income?
- https://doi.org/10.2991/aebmr.k.220307.086How to use a DOI?
- Alcohol consumption; Drinking frequency; Income; Gender difference
This paper examines whether drinking frequency is related to residents’ income. Based on National Longitudinal Survey of Youth (NLSY) data, we find an inverted U-shaped relationship between them. Then, residents’ drinking frequency in 1989 is utilized as an instrumental variable to modify the endogeneity, verifying the result that moderate drinking will increase residents’ income and the best drinking frequency is 15.03 times per month. We explain the conclusion from the mechanism of improving health status and increasing social intercourse opportunities. On this basis, a gender heterogeneity analysis is carried out on the impact of drinking frequency on income. According to the results, the income promotion effect and optimal drinking frequency of moderate drinking in men are significantly higher than those in women. Moreover, the income of women in childbearing period is mainly affected by marriage and children, while drinking behaviour is not closely related to it. These results shed light for the formation of residents’ healthy drinking habits and provided substantial evidence for measuring the economic effect on alcohol consumption.
- © 2022 The Authors. Published by Atlantis Press International B.V.
- Open Access
- This is an open access article under the CC BY-NC license.
Cite this article
TY - CONF AU - Ke Jiang AU - Xingpei Li AU - Zening Zhao PY - 2022 DA - 2022/03/26 TI - Does Drinking Truly Cut Down Individual Income? BT - Proceedings of the 2022 7th International Conference on Financial Innovation and Economic Development (ICFIED 2022) PB - Atlantis Press SP - 534 EP - 540 SN - 2352-5428 UR - https://doi.org/10.2991/aebmr.k.220307.086 DO - https://doi.org/10.2991/aebmr.k.220307.086 ID - Jiang2022 ER -