Economic Stress and Cigarette Smoking: Evidence from the United States

Posted: 26 Mar 2016 Last revised: 19 Apr 2016

See all articles by Rajeev K. Goel

Rajeev K. Goel

Illinois State University - Department of Economics

Date Written: 2014

Abstract

This paper uses pooled data on U.S. states for the post-MSA period to estimate the demand for cigarettes, with the main contribution lying in considering the effects of economic stress/uncertainty. Different measures of economic stress – standard deviations and averages of unemployment and property prices – are considered. Greater economic stress is found to lower cigarette smoking across various specifications. Other findings largely support the literature on cigarette demand – price effects are negative, border price effects are positive and the effect of income is negative.

Suggested Citation

Goel, Rajeev K., Economic Stress and Cigarette Smoking: Evidence from the United States (2014). Economic Modelling, Vol. 40, No. C, pp.284-289, 2014. Available at SSRN: https://ssrn.com/abstract=2754312

Rajeev K. Goel (Contact Author)

Illinois State University - Department of Economics ( email )

Normal, IL 61790-4200
United States

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