PRICE ISN’T EVERYTHING: BEHAVIORAL RESPONSE AROUND CHANGES IN SIN TAXES

Alex Rees-Jones, Kyle Rozema

Research output: Contribution to journalArticlepeer-review

4 Scopus citations

Abstract

In traditional economic models, taxes change behavior by changing prices. In empirical analyses, factors other than price are thought to be relevant, but any nonprice factors are usually assumed to be held constant as taxes vary. We contend that violations of this assump-tion are expected when laws are passed changing sin taxes. In support of this claim, we document that state-level cigarette tax increases are concomitant with increases in antismoking appropriations, media coverage on smoking, lobbying efforts, and place-based smoking re-strictions. The influence of these nonprice factors is easily confused with price effects, and we find evidence suggesting that controlling for them substantially reduces the estimated demand responsivity to the tax itself.

Original languageEnglish (US)
Pages (from-to)5-35
Number of pages31
JournalNational Tax Journal
Volume76
Issue number1
DOIs
StatePublished - Mar 2023

Keywords

  • expressive effects
  • legal changes
  • prices
  • sin taxes

ASJC Scopus subject areas

  • Accounting
  • Finance
  • Economics and Econometrics

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