Inferior Good: Diminishing Marginal Stupidity in Action

Tuesday, September 26, 2006

Lushes make more money

Go ahead and lay down the cash for that nice bottle of wine, for you’ll make it back in higher pay. Andrew Gelman reports that tipplers earn substantially higher pay than teetotalers do (hat tip to Marginal Revolution). Here’s an excerpt from a Bloomberg article:

Men who visit a bar at least once a month to drink socially bring home 7 percent more pay than abstainers, and women drinkers earn 14 percent more than non-drinkers, according to the study by economists Bethany Peters and Edward Stringham.

So drink up ladies and gents.

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