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Demographic predictors of alcohol and tobacco consumption in the United States, a multivariate analysis

by Litchford, Andrew

Abstract

The main focus of this study is to examine how well various demographic indicators predict the demand for alcohol and tobacco in the U.S. Using seemingly unrelated regression (SUR), four different demand models are examined simultaneously to determine the effects of variables like income, age, education and price level on quantity demanded. These models are derived from 1996-1999 Consumer Expenditure Survey (CEX) data provided by the Bureau of Labor Statistics. Not only are the demographic indicators of consumption significantly different from previous research, but the data also suggest a drastic increase in price responsiveness after the recession of December 2007.

Note

Includes bibliographical references.

Thesis date on title page December 2010, should be December 2011.

Administrative Notes

Thesis date on title page December 2010, should be December 2011.

Copyright
Copyright restrictions apply.
Publisher
Colorado College
PID
coccc:5384
Digital Origin
born digital
Extent
63 pages : illustrations
Thesis
Senior Thesis -- Colorado College
Thesis Advisor
Rask, Kevin
Department/Program
Economics and Business
Degree Name
bachelor
Degree Type
Bachelor of Arts
Degree Grantor
Colorado College
Date Issued
2011