Drink More to Earn More.
Management Issues
Saturday, 30th September 2006
Want to earn more? Try going out and having a few beers.

Drinkers earn 10 to 14 per cent more money than nondrinkers and men who drink socially, visiting a bar at least once a month, bring home an additional seven per cent in pay, according to a new study by libertarian think-tank, the Reason Foundation

The report, No Booze? You May Lose, found that the average male drinker earns 21 per cent more than the average male abstainer whereas the average female drinker earns eight per cent more than the average female abstainer.

"Social drinking builds social capital," said Edward Stringham, an economics professor at San Jose State University and co-author of the report.

"Social drinkers are networking, building relationships, and adding contacts to their Blackberries that result in bigger paychecks."

Some aspects of social capital described in the report as "a person's social characteristics, including social skills, charisma, and the size of his Rolodex, which enable him to reap market and nonmarket returns from interactions with others" - might be innate, but people can enhance others, such as Rolodex size, Stringham argues.

In other words, if social drinking increases social capital, social drinking could also increase earnings.

The study found that men who drink earn 10 per cent more than abstainers and women drinkers earn 14 per cent more than nondrinkers.

But unlike men, who get an additional income boost from drinking in bars, women who frequent bars at least once per month do not show higher earnings than women who do not visit bars.

The study, published in the latest edition of the Journal of Labor Research, argues that the growing wave of anti-alcohol legislation at state and local levels in the U.S. could therefore have harmful effects on local economies and individual finances.

Efforts to impose massive tax increases on alcohol, to restrict alcohol sales through zoning laws, and prohibit alcohol advertisements have all been stepped up in recent years.

"We're quick to ban beer at sports stadiums and festivals. The legal blood alcohol level is dropping everywhere, and we're barraged with overhyped warnings about binge and underage drinking," Stringham said.

"Instead of fear mongering we should step back and acknowledge the proven health and economic benefits that come with the responsible use of alcohol."

Global Brand Awareness & Marketing Tools at 4Hoteliers.com ...[Click for More]
 Latest News  (Click title to read article)

 Latest Articles  (Click title to read)

 Most Read Articles  (Click title to read)

~ Important Notice ~
Articles appearing on 4Hoteliers contain copyright material. They are meant for your personal use and may not be reproduced or redistributed. While 4Hoteliers makes every effort to ensure accuracy, we can not be held responsible for the content nor the views expressed, which may not necessarily be those of either the original author or 4Hoteliers or its agents.
© Copyright 4Hoteliers 2001-2024 ~ unless stated otherwise, all rights reserved.
You can read more about 4Hoteliers and our company here
Use of this web site is subject to our
terms & conditions of service and privacy policy