No Booze? You May Lose: Why Drinkers Earn More Money Than Nondrinkers
AbstractA number of theorists assume that drinking has harmful economic effects, but data show that drinking and earnings are positively correlated. We hypothesize that drinking leads to higher earnings by increasing social capital. If drinkers have larger social networks, their earnings should increase. Examining the General Social Survey, we find that self-reported drinkers earn 10-14 percent more than abstainers, which replicates results from other data sets. We then attempt to differentiate between social and nonsocial drinking by comparing the earnings of those who frequent bars at least once per month and those who do not. We find that males who frequent bars at least once per month earn an additional 7 percent on top of the 10 percent drinkers' premium. These results suggest that social drinking leads to increased social capital.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
Bibliographic InfoArticle provided by Transaction Publishers in its journal Journal of Labor Research.
Volume (Year): 27 (2006)
Issue (Month): 3 (June)
Contact details of provider:
Web page: http://transactionpub.metapress.com/link.asp?target=journal&id=110581
You can help add them by filling out this form.
CitEc Project, subscribe to its RSS feed for this item.
- Preety Srivastava & Xueyan Zhao, 2010.
"What Do the Bingers Drink? Micro-Unit Evidence on Negative Externalities and Drinker Characteristics of Alcohol Consumption by Beverage Types,"
The Economic Society of Australia, vol. 29(2), pages 229-250, 06.
- Xueyan Zhao, 2010. "What Do the Bingers Drink? Micro-unit Evidence on Negative Externalities and Drinker Characteristics of Alcohol Consumption by Beverage Types," Wine Economics Research Centre Working Papers 2010-07, University of Adelaide, Wine Economics Research Centre.
- Nicolas R. Ziebarth & Markus M. Grabka, 2008.
"In Vino Pecunia?: The Association between Beverage-Specific Drinking Behavior and Wages,"
Discussion Papers of DIW Berlin
779, DIW Berlin, German Institute for Economic Research.
- Ziebarth, Nicolas R. & Grabka, Markus M., 2009. "In Vino Pecunia? The Association Between Beverage-Specific Drinking Behavior and Wages," EconStor Open Access Articles, ZBW - German National Library of Economics, pages 219-244.
- Nicolas Ziebarth & Markus Grabka, 2009. "In Vino Pecunia? The Association Between Beverage-Specific Drinking Behavior and Wages," Journal of Labor Research, Springer, vol. 30(3), pages 219-244, September.
- Nicolas R. Ziebarth & Markus M. Grabka, 2008. "In Vino Pecunia?: The Association between Beverage-Specific Drinking Behavior and Wages," SOEPpapers on Multidisciplinary Panel Data Research 93, DIW Berlin, The German Socio-Economic Panel (SOEP).
- Justus Haucap & Annika Herr, 2014. "A note on social drinking: In Vino Veritas," European Journal of Law and Economics, Springer, vol. 37(3), pages 381-392, June.
- Preety Srivastava & Xueyan Zhao, 2010. "What Do the Bingers Drink? Microeconometric Evidence on Negative Externatilities of Alcohol Consumption by Beverage Types," Monash Econometrics and Business Statistics Working Papers 1/10, Monash University, Department of Econometrics and Business Statistics.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Christopher F. Baum).
If references are entirely missing, you can add them using this form.