In this episode, Eric Crampton and Sarah Hogan, Deputy Chief Executive at NZIER, discuss a new report estimating the social costs of alcohol in New Zealand at $9 billion, with a focus on how such figures are calculated and used in policymaking.

They explore the challenges of accurately attributing costs to alcohol, debate the effectiveness of targeted interventions versus broad policies, and emphasize the importance of addressing first-order problems like fetal alcohol spectrum disorder while ensuring cost-effective approaches to reducing alcohol-related harms.