Wer kennt nicht das Bild des düsteren Weinkellers, irgendwo in der Kellergasse? Die Wände schimmernd vom Grauschimmel, die schwarze Kellerkatze wacht auf dem besten Faß des Winzers. Im Hintergrund das Ploppen eines Korken, der aus einer Weinflasche gezogen wird, golden glänzender Wein wird...

We study the decentralization of liquor policies in the Post-Prohibition Era, which is the most famous natural experiment ever conducted with respect to policy decentralization in the U.S. Our empirical analysis exploits a unique feature of this policy change, namely that we observe votes of...

This paper addresses the question of whether the effect of parental drinking on children's later consumption of alcohol - which is frequently found to be of positive sign - exhibits a certain pattern of heterogeneity. In particular, if this effect is more prominent in the upper tail than...

The positive association between moderate alcohol consumption and wages is well documented in the economic literature. Positive health effects as well as networking mechanisms serve as explanations for the "alcohol-income puzzle." Using individual-based microdata from the GSOEP for 2006, we...