Goldin & Homonoff - DataSpace at Princeton University

Table XII: Timing
Extensive Margin Intensive Margin
(1) (2) (3) (4) (5) (6)
3 Month 6 Month 12 Month 3 Month 6 Month 12 Month
Excise Tax -0.110 ∗∗∗ -0.095 ∗∗∗ -0.106 ∗∗∗ -7.169 ∗∗∗ -6.837 ∗∗∗ -5.638 ∗∗∗
(0.034) (0.034) (0.036) (1.452) (1.547) (2.030)
Sales Tax -0.156 -0.174 -0.181 -0.452 -0.433 1.031
(0.152) (0.138) (0.124) (7.018) (6.012) (5.091)
Excise*Low-income 0.029 0.010 0.018 0.513 0.498 1.242
(0.066) (0.072) (0.082) (2.534) (2.599) (2.660)
Sales*Low-income -0.322 -0.309 -0.305 ∗ -16.544 ∗∗ -17.463 ∗∗ -18.083 ∗∗
(0.205) (0.191) (0.176) (7.139) (7.105) (7.171)
F-stat 3.05 2.90 3.55 6.76 7.70 7.39
prob>F 0.09 0.10 0.07 0.01 0.01 0.01
N 931,523 928,840 923,148 198,183 197,413 195,865
Standard errors clustered at the state level in parentheses.
All specifications include individual demographic characteristics, economic conditions, income trend, and state, year, and
calendar month fixed effects.
The F-stat is associated with the test for equality between the excise*low-income and sales*low-income interaction coefficients.
∗ p < 0.10, ∗∗ p < 0.05, ∗∗∗ p < 0.01
50