The Power of the Anticorruption Campaign: Evidence from Cigarette and Alcohol Consumption in China
利用中国反腐运动作为准自然实验，研究发现反腐惩罚显著减少了政府官员的香烟和酒精消费，但对临近退休官员影响较小。
Little is known about the effects of anticorruption campaigns on individuals’ consumption behavior. Using the anticorruption campaign launched in China as a quasi-natural experiment, this study investigates the causal effect of the anticorruption campaign (punishment) on cigarette and alcohol consumption between government officials and other individuals. We provide the first direct evidence that demonstrates the effectiveness of the campaign with its significant and negative effect on the potential consumption of government officials. Notably, these effects are less pronounced among individuals nearing retirement, presumably because of the diminished prospects for promotions relative to other individuals.