| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w9249 |
| 来源ID | Working Paper 9249 |
| Rational Addiction, Peer Externalities and Long Run Effects of Public Policy | |
| Donald S. Kenkel; Robert R. Reed III; Ping Wang | |
| 发表日期 | 2002-10-03 |
| 出版年 | 2002 |
| 语种 | 英语 |
| 摘要 | The main purpose of this research is to understand the patterns of consumption of addictive goods, their economic and welfare consequences for society and the long-run effect of tax policy in a dynamic general equilibrium model of rational addiction. In contrast to prior research, we allow individuals to make their consumption decisions simultaneous with savings and labor supply. When addictive goods have a stronger habit formation effect (an addiction effect'), individuals choose to save less due to the anticipated adverse health consequences of addiction (a detrimental health effect'). This is particularly important since total savings pins down future productivity in the economy. We also consider the role of peer influence in the choice of addiction and find that more peer pressure' raises addictive consumption, lowers savings and reduces productivity. In light of the various distortions associated with addiction, we conclude by studying the long-run effects of an excise tax on addictive goods. Our calibration exercises suggest that incorporating capital formation and peer effects in a model of rational addiction are crucial for the design of public policy. In particular, accounting for peer externalities increases the optimal sin tax rate by more than 50 percent. |
| 主题 | Microeconomics ; Behavioral Economics ; Public Economics ; Taxation |
| URL | https://www.nber.org/papers/w9249 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/566862 |
| 推荐引用方式 GB/T 7714 | Donald S. Kenkel,Robert R. Reed III,Ping Wang. Rational Addiction, Peer Externalities and Long Run Effects of Public Policy. 2002. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w9249.pdf（164KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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