%0 Journal Article %A Richardson, Jeff %A Crowley, Steve %D 2017 %T Taxation to Minimise the Social and Economic Costs of Alcohol Consumption %U https://bridges.monash.edu/articles/journal_contribution/Taxation_to_Minimise_the_Social_and_Economic_Costs_of_Alcohol_Consumption/5073490 %R 10.4225/03/5934f36607669 %2 https://bridges.monash.edu/ndownloader/files/8588878 %K 1959.1/2590 %K 1992 %K monash:2590 %X This paper considers alternative approaches to the evaluation of the economic cost of alcohol consumption in Australia. It calculates the impact of alternative tax rates on beer, wine and spirits separately and the welfare cost of these taxes in terms of the distortion caused to consumption patterns. Two separate analyses are carried out. First optimal taxation is calculated which minimises the total welfare plus economic cost. Secondly, the benefits of life are separated from other benefits and the impact of tax expressed in terms of the cost per life year gained. %I Monash University