Paulson doesn’t drive folks to drink

Catherine Rampell writes:

What is the relationship between economic downturns and the traditional vices? … A quick (and by no means comprehensive) search of economic studies suggests that recessions generally promote healthier behavior. Economic downturns typically…

…reduce both drinking and drunken-driving. According to one paper: “A one percentage point increase in the state unemployment rate lowers the predicted consumption of spirits by over 1.1 percent, compared to just 0.4 percent for beer or wine.”

Aw, man, I thought tending bar was a counter-cyclical career. This may not have been the best summer to quit my job, drive cross country, and hope to find a new one two months later.


1 thought on “Paulson doesn’t drive folks to drink”

Comments are closed.