Drinking is not working

alcohol
Credit: CC0 Public Domain

Researchers from South Korea and the USA have investigated whether or not there is a relation between alcohol consumption and unemployment. The team examined data covering the period 1994-2013 and found that alcohol habits tracked unemployment trends in South Korea.

The team applied a statistical technique known as Granger causal models to the data and demonstrated that there is a substantial causal interaction between and drinking behaviour. On this basis, the team suggests that there are policy implications. Government spending on education about alcohol abuse and abuse prevention programs needs to be increased.

There is a need to retrain the unemployed workers, and also to increase taxation on alcoholic beverages.

More information: Myeong Hwan Kim et al. Empirical relation between unemployment and alcohol beverage consumption in Korea, International Journal of Economics and Business Research (2018). DOI: 10.1504/IJEBR.2018.10013726

Provided by Inderscience
Citation: Drinking is not working (2018, August 9) retrieved 28 March 2024 from https://medicalxpress.com/news/2018-08-drinking-is-not-working.html
This document is subject to copyright. Apart from any fair dealing for the purpose of private study or research, no part may be reproduced without the written permission. The content is provided for information purposes only.

Explore further

When the economy is down, alcohol consumption goes up

 shares

Feedback to editors