cig_ch10: THE CIGARETTE CONSUMPTION PANEL DATA SET

In arubhardwaj/StockWatson: Collection of all datasets used in Introduction to Econometrics by James H. Stock and Mark Watson.

Description

The data set consists of annual data for the 48 continental U.S. states from 1985 Ð 1995. Quantity consumed is measured by annual per capita cigarette sales in packs per fiscal year, as derived from state tax collection data. The price is the average retail cigarette price per pack during the fiscal year, including taxes. Income is per capita income. The general sales tax is the average tax, in cents per pack, due to the broad-based state sales tax applied to all consumption goods. The cigarette-specific tax is the tax applied to cigarettes only. All prices, income, and taxes used in the regressions in this chapter are deflated by the Consumer Price Index and thus are in constant (real) dollars. We are grateful to Professor Jonathan Gruber of MIT for providing us with these data.

This data file only contains data from the year 1985 and 1995.

Usage

cig_ch10

Format

A data frame with 53940 rows and 10 variables:

state

US State

year

Year

cpi

Consumer price index

pop

Population

income

state personal income

tax

average state, federal, and average local excise taxes for fiscal year

avgprs

average price during fiscal year

taxs

average excise taxes for fiscal year

...

arubhardwaj/StockWatson documentation built on Dec. 19, 2021, 5:34 a.m.