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  • Thumbnail for Demographic predictors of alcohol and tobacco consumption in the United States, a multivariate analysis
    Demographic predictors of alcohol and tobacco consumption in the United States, a multivariate analysis by Litchford, Andrew

    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.