Even for teenagers, money does not grow on trees
Subtitle: teenage substance use and budget constraints
By: Sara Markowitz, John Tauras
Contributors: Tauras, John; National Bureau of Economic Research
Series: NBER working paper series -- working paper 12300; Working paper series (National Bureau of Economic Research : Online) -- working paper no. 12300.
Publisher: National Bureau of Economic Research
Published: 2006
Place of publication: Cambridge, MA
Language: eng
Format: [electronic resource] :
Description: "This paper is about the spending choices of youth, with a particular focus on how the demand for cigarettes, alcohol and marijuana are influenced by changes in the prices of other products.  Youth tend to have small incomes and limited wants, with the result that many students spend the bulk of their income on only a few items.  Fast food, clothing and entertainment make up the majority of products purchased by teenagers.  The hypothesis to be tested in this project is that changes in the prices of the other goods commonly bought by teenagers will affect budget allocations and thereby affect the demand for substances.  We estimate own and cross price effects using the prices of cigarettes, alcohol, marijuana and other consumer products including gasoline, clothing, entertainment, and fast food.  Income effects are also estimated and show that teens with higher incomes and allowances are more likely to use substances.  The policy implications of the results are discussed"--National Bureau of Economic Research web site.
Notes: Title from PDF file as viewed on 6/28/2006.

Includes bibliographical references.

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Mode of access: World Wide Web.