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Journal Article

Seasonal U.S. Beer Demand: Socio-economic Determinants and Relation with other Products

Authors

  • Goel
  • R.
  • Saunoris
  • J.W.

Publication Date

DOI

10.1080/13504851.2017.1388907

JEL Classification

D12 L66

Key Words

Beer demand

demographic effects

economic prosperity

elasticity

wine

Related Topics

Companies

USA

This article employs quarterly U.S. state-level data from 2009 to 2015 to estimate the demand for beer. Other contributions of this work involve the incorporation of demographic factors and wine prices. Results show beer demand to be inelastic, and beer and wine to be substitutes. Further, males, whites, and blacks were, ceteris paribus, likely to have greater beer demand. The income effects, however, were mixed, showing some support for beer being a normal good.

Kiel Institute Expert

  • Rajeev Goel, Ph.D.
    Kiel Institute Fellow

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