{\rtf1\fs24

\trowd\trgaph75\trleft-75\intbl\trqc\clbrdrt\brdrs\cellx3888\clbrdrt\brdrs\
cellx5184\clbrdrt\brdrs\cellx6624\clbrdrt\brdrs\cellx8064\clbrdrt\brdrs\cellx9648\
clbrdrt\brdrs\cellx11088\clbrdrt\brdrs\cellx12672\clbrdrt\brdrs\cellx14256
\ql \cell\qc (1)\cell\qc (2)\cell\qc (3)\cell\qc (4)\cell\qc (5)\cell\qc (6)\cell\
qc (7)\cell\row
\trowd\trgaph75\trleft-75\trqc\cellx3888\cellx5184\cellx6624\cellx8064\cellx9648\
cellx11088\cellx12672\cellx14256
\trowd\trgaph75\trleft-75\trqc\clbrdrb\brdrs\cellx3888\clbrdrb\brdrs\cellx5184\
clbrdrb\brdrs\cellx6624\clbrdrb\brdrs\cellx8064\clbrdrb\brdrs\cellx9648\clbrdrb\
brdrs\cellx11088\clbrdrb\brdrs\cellx12672\clbrdrb\brdrs\cellx14256
\ql VARIABLES\cell\qc vfrall\cell\qc vfrall\cell\qc vfrall\cell\qc vfrall\cell\qc
vfrall\cell\qc vfrall\cell\qc vfrall\cell\row
\trowd\trgaph75\trleft-75\trqc\cellx3888\cellx5184\cellx6624\cellx8064\cellx9648\
cellx11088\cellx12672\cellx14256
\ql \cell\qc \cell\qc \cell\qc \cell\qc \cell\qc \cell\qc \cell\qc \cell\row
\ql Tax on Case of Beer\cell\qc 0.268**\cell\qc -0.869***\cell\qc -1.041***\cell\qc
-0.926***\cell\qc -1.280***\cell\qc -0.829**\cell\qc -0.926***\cell\row
\ql \cell\qc (0.106)\cell\qc (0.270)\cell\qc (0.355)\cell\qc (0.343)\cell\qc
(0.347)\cell\qc (0.332)\cell\qc (0.343)\cell\row
\ql da18\cell\qc \cell\qc \cell\qc \cell\qc 0.0374\cell\qc 0.0948\cell\qc \cell\qc
0.0374\cell\row
\ql \cell\qc \cell\qc \cell\qc \cell\qc (0.102)\cell\qc (0.140)\cell\qc \cell\qc
(0.102)\cell\row
\ql da19\cell\qc \cell\qc \cell\qc \cell\qc -0.0649\cell\qc -0.144\cell\qc \cell\qc
-0.0649\cell\row
\ql \cell\qc \cell\qc \cell\qc \cell\qc (0.0986)\cell\qc (0.138)\cell\qc \cell\qc
(0.0986)\cell\row
\ql da20\cell\qc \cell\qc \cell\qc \cell\qc -0.113\cell\qc -0.392***\cell\qc \cell\
qc -0.113\cell\row
\ql \cell\qc \cell\qc \cell\qc \cell\qc (0.125)\cell\qc (0.127)\cell\qc \cell\qc
(0.125)\cell\row
\ql jailcom\cell\qc \cell\qc \cell\qc \cell\qc 0.0890\cell\qc 0.293*\cell\qc
0.0459\cell\qc 0.0890\cell\row
\ql \cell\qc \cell\qc \cell\qc \cell\qc (0.164)\cell\qc (0.169)\cell\qc (0.169)\
cell\qc (0.164)\cell\row
\ql vmilespd\cell\qc \cell\qc \cell\qc \cell\qc 0.124**\cell\qc 0.212***\cell\qc
0.112**\cell\qc 0.124**\cell\row
\ql \cell\qc \cell\qc \cell\qc \cell\qc (0.0488)\cell\qc (0.0642)\cell\qc (0.0480)\
cell\qc (0.0488)\cell\row
\ql Unemployment Rate\cell\qc \cell\qc \cell\qc \cell\qc -0.0908***\cell\qc \cell\
qc -0.0889***\cell\qc -0.0908***\cell\row
\ql \cell\qc \cell\qc \cell\qc \cell\qc (0.0209)\cell\qc \cell\qc (0.0212)\cell\qc
(0.0209)\cell\row
\ql lincperc\cell\qc \cell\qc \cell\qc \cell\qc 0.996\cell\qc \cell\qc 1.262**\
cell\qc 0.996\cell\row
\ql \cell\qc \cell\qc \cell\qc \cell\qc (0.677)\cell\qc \cell\qc (0.611)\cell\qc
(0.677)\cell\row
\ql y82\cell\qc \cell\qc \cell\qc 0.0720\cell\qc 0.751***\cell\qc 0.487***\cell\qc
0.733***\cell\qc 0.751***\cell\row
\ql \cell\qc \cell\qc \cell\qc (0.0653)\cell\qc (0.123)\cell\qc (0.149)\cell\qc
(0.119)\cell\qc (0.123)\cell\row
\ql y83 = o,\cell\qc \cell\qc \cell\qc -\cell\qc -\cell\qc -\cell\qc -\cell\qc \
cell\row
\ql \cell\qc \cell\qc \cell\qc \cell\qc \cell\qc \cell\qc \cell\qc \cell\row
\ql y84 = o,\cell\qc \cell\qc \cell\qc -\cell\qc -\cell\qc -\cell\qc -\cell\qc \
cell\row
\ql \cell\qc \cell\qc \cell\qc \cell\qc \cell\qc \cell\qc \cell\qc \cell\row
\ql y85 = o,\cell\qc \cell\qc \cell\qc -\cell\qc -\cell\qc -\cell\qc -\cell\qc \
cell\row
\ql \cell\qc \cell\qc \cell\qc \cell\qc \cell\qc \cell\qc \cell\qc \cell\row
\ql y86 = o,\cell\qc \cell\qc \cell\qc -\cell\qc -\cell\qc -\cell\qc -\cell\qc \
cell\row
\ql \cell\qc \cell\qc \cell\qc \cell\qc \cell\qc \cell\qc \cell\qc \cell\row
\ql y87 = o,\cell\qc \cell\qc \cell\qc -\cell\qc -\cell\qc -\cell\qc -\cell\qc \
cell\row
\ql \cell\qc \cell\qc \cell\qc \cell\qc \cell\qc \cell\qc \cell\qc \cell\row
\ql Minimum Legal Drinking Age\cell\qc \cell\qc \cell\qc \cell\qc \cell\qc \cell\qc
0.00927\cell\qc \cell\row
\ql \cell\qc \cell\qc \cell\qc \cell\qc \cell\qc \cell\qc (0.0334)\cell\qc \cell\
row
\ql Constant\cell\qc 1.944***\cell\qc 2.518***\cell\qc 2.569***\cell\qc -0.758\
cell\qc 0.770\cell\qc -1.601\cell\qc -0.758\cell\row
\ql \cell\qc (0.0955)\cell\qc (0.136)\cell\qc (0.163)\cell\qc (1.917)\cell\qc
(0.569)\cell\qc (1.810)\cell\qc (1.917)\cell\row
\ql \cell\qc \cell\qc \cell\qc \cell\qc \cell\qc \cell\qc \cell\qc \cell\row
\ql Observations\cell\qc 96\cell\qc 96\cell\qc 96\cell\qc 95\cell\qc 95\cell\qc 95\
cell\qc 95\cell\row
\ql R-squared\cell\qc 0.046\cell\qc 0.094\cell\qc 0.121\cell\qc 0.660\cell\qc
0.338\cell\qc 0.652\cell\qc 0.660\cell\row
\trowd\trgaph75\trleft-75\trqc\trbrdrb\brdrs\clbrdrb\brdrs\cellx3888\clbrdrb\brdrs\
cellx5184\clbrdrb\brdrs\cellx6624\clbrdrb\brdrs\cellx8064\clbrdrb\brdrs\cellx9648\
clbrdrb\brdrs\cellx11088\clbrdrb\brdrs\cellx12672\clbrdrb\brdrs\cellx14256
\ql Number of state\cell\qc \cell\qc 48\cell\qc 48\cell\qc 48\cell\qc 48\cell\qc
48\cell\qc 48\cell\row
\pard\qc
Robust standard errors in parentheses\par
*** p<0.01, ** p<0.05, * p<0.1\par
}