The Daily Stat: Raise a Glass to Economic Growth. No, Wait...

 

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December 18, 2013 Raise a Glass to Economic Growth. No, Wait… Beer drinking appears to have a negative impact on economic growth: A 1 gallon increase in per-capita beer consumption is associated with a 0.48 percentage point decrease in per-capita personal-income growth, according to a study of more than 30 years of data by Resul Cesur of the University of Connecticut and Inas Rashad Kelly of the City University of New York. Taxes on alcohol help pay for the costs that drinking imposes on society, such as lost productivity and increased disability; approximately doubling taxes on beer would potentially increase personal-income growth by 0.43 percentage points, the researchers say. SOURCE: Who Pays the Bar Tab? Beer Consumption and Economic Growth in the United States

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