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  • 标题:The power of the little blue pill: innovations and implications of lifestyle drugs in an aging population.
  • 作者:Lariviere, Jacob ; Wolff, Hendrik
  • 期刊名称:Economic Inquiry
  • 印刷版ISSN:0095-2583
  • 出版年度:2015
  • 期号:January
  • 语种:English
  • 出版社:Western Economic Association International
  • 摘要:How do innovations in medical technology targeted to the elderly affect the decision making of an aging population? This is an increasingly important question as more resources and R&D are dedicated to the health care of a growing elderly age cohort in the United States. Although the direct health benefits of medical innovations are well studied, the effects of a new class of drug on behavioral decisions of the elderly remains largely unexplored in the literature (Cutler 2007; Cutler and McClellan 2001). (1)
  • 关键词:Anti-impotence agents;Impotence;Sexual abuse

The power of the little blue pill: innovations and implications of lifestyle drugs in an aging population.


Lariviere, Jacob ; Wolff, Hendrik


I. INTRODUCTION

How do innovations in medical technology targeted to the elderly affect the decision making of an aging population? This is an increasingly important question as more resources and R&D are dedicated to the health care of a growing elderly age cohort in the United States. Although the direct health benefits of medical innovations are well studied, the effects of a new class of drug on behavioral decisions of the elderly remains largely unexplored in the literature (Cutler 2007; Cutler and McClellan 2001). (1)

The 1998 approval of Viagra, informally known as the "little blue pill," offers an ideal natural experiment to identify how one particular medical innovation targeted at the elderly affects their behavior. Before 1998, men suffering from erectile dysfunction (ED) had very limited treatment possibilities. Upon Food and Drug Administration (FDA) approval in April 1998 Viagra was rapidly adopted. Sales soared and made the drug a tremendous commercial success for its producer-Pfizer. Since Viagra is targeted to older men, its introduction enables an increased supply of sexually active older men. As a result, the equilibrium decision making of the older population may have been affected leading to several changes in a large set of behavioral outcomes.

We examine Viagra's effect on five different dimensions: adoption of the new class of oral ED drugs and collapse of the traditional ED market, fatherhood decisions by age, the age composition of the marriage/divorce market, sexually transmitted diseases (STDs), and sexual assault and rape rates. Each variable of interest is chosen to highlight different channels through which this lifestyle drug could affect the target population, as well as produce spillover effects on nontarget populations. First, we test for Viagra's impact on the number of children fathered by older men. This is a variable of interest because it highlights the drug's capacity to correct a physical disorder and the resulting immediate impact on child bearing decisions. (2) Second, we test for Viagra's effect on sorting in the marriage market by analyzing changes to the distribution in the age spread among couples as well as divorce rates across age cohorts. These outcomes highlight the importance of the drug on the household production function. Third, we test for Viagra's effect on one particular STD--gonorrhea. STDs are of interest because it studies the drug's capacity to impact risky behavior associated with instant gratification. Finally, we test for Viagra's impact on rape committed by the target population (e.g., older men). This is an important variable due to the magnitude of consequences for victims. It also highlights the drug's capacity to impact unlawful behavior in individuals who previously were not physically able to commit such behavior. In summary, then, we test whether this particular lifestyle drug has an observable effect on four different behavioral channels: newly enabled family planning decisions, equilibrium in the marriage market, newly enabled risky behavior associated with instant gratification, and newly enabled criminal behavior.

The United States has the highest Viagra usage per capita of any country in the world. We therefore collected a rich set of both U.S. state- and county-level data for our outcome variables of interest. For each variable we use a difference-in-difference estimator to test how Viagra differentially affects outcomes in our treatment and control groups. Upon Viagra's approval in the United States in April 1998, nearly 90% of Viagra users were over 45 years of age. Therefore, our treatment group is individuals of age 45 and above and our control group is individuals of age 25-40. (3) We show convincing evidence that short-run fluctuations like macroeconomic conditions affect both the treatment and control groups in similar ways. To handle variables with a small number of observations, we employ both a trimming rule that drops certain counties in addition to a Poisson estimator which can more readily handle data with a low number of observations in the data.

To interpret our estimates as causal, we have to show the following chain of events: first, the FDA approval leads to the adoption of the drug in the target population (both married and unmarried older men). We show convincing evidence that this occurs. Second, the target population changes their sexual behavior upon adoption of the drug. Unfortunately, there is no nationally representative dataset which documents the sexual behavior of the elderly which we could examine around the introduction of Viagra in April 1998. In lieu of direct data on sexual behavior, we directly collected state- and county-level data on outcome variables of interest. Given that we collect data on outcome variables as opposed to sexual behavior directly, there must be no other simultaneous changes which affect Viagra's target population around the date of Viagra's introduction. This motivates our differences-indifferences identification strategy in which the control group (individuals aged 25-40) controls for changes in sexual activity in the nation as a whole. Third, the observed change in behavior by the target population must lead to measurable changes in our outcomes of interest in the target and nontarget population (e.g., older women).

We find that Viagra had a positive and significant effect on gonorrhea rates among men in the older population: rates increased by 15%-28% in this group relative to the control. This result is robust across a variety of specifications and robustness checks. We find weak evidence that there was a smaller increase in women, but those estimates are less consistent and precise. We find no evidence that Viagra's introduction had any significant effect on any other outcome. As a result, we conclude that this lifestyle drug had a significant effect on short-term lifestyle decisions (e.g., risky sexual encounters). We find no convincing evidence, though, that it affected deviant (e.g., sexual assault) or long-run (e.g., natality, divorce) lifestyle decisions. Overall, in a back of the envelope cost-benefit analysis, we find that the welfare impacts of Viagra with respect to our outcomes of interest are positive and large.

These results are important for several reasons. First, medical studies have attempted to determine if Viagra is associated with increased risk of STDs. Jean et al. (2010) compares the STD rate of the group of older men taking ED medications with older men not taking ED medications. However, there are vast differences between these two groups and due to self-selection their estimates cannot be considered as causal. Our study is designed to pinpoint the causal percentage change of Viagra's availability on our variables of interest, something that the medical literature falls short on.

Second, the well-being of an aging population is an increasingly important topic given the vast demographic shifts occurring in the United States, Europe, and other industrializing countries. (4) Medical innovations for the elderly increase the feasible choice set for their actions. Knowing precisely how this increased choice set affects socioeconomic decision making for older populations is therefore an important economic problem. The 15 years since Viagra's introduction otter a glimpse as to what economists might observe going forward as medical innovation increases. (5)

Third, there could be spillover and indirect effects of medical innovations on nontarget groups. It is vital to understand the results for both males and females. Finding effects of Viagra on males demonstrates the existence of a direct effect. However, it important to understand how lifestyle drugs affect the agents who do not take the drugs but rather indirectly enjoy their benefits or suffer from their costs.

Fourth, the "Power of the Pill" articles have shown that innovation in medical technology has substantial impacts on many important economic choices made earlier in life by the targeted group (Bailey 2006; Goldin and Katz 2006). Our article is different because it is the first to look at the effect of medical innovations for decisions made later in life, when individuals have more wealth and experience with decision making. We find that in the context of Viagra, if an individual does not have the ability to engage in sexual behavior and suddenly is given that ability, outcomes related to sexual behavior tend to be no different except for relatively low cost risky sexual decisions associated with instant gratification. We find some evidence in this context, then, that self-control can be a challenge even for experienced decision makers.

The remainder of this article is organized as follows; Section II gives historical background on ED medication. Section III presents the econometric model. Section IV presents results. Section V offers discussion and concluding remarks.

II. BACKGROUND AND DATA

This section provides background about the introduction of Viagra and the age composition of its users which are both necessary for discussion of the econometric model in Section III. We also discuss the four variables of interest in this section, their relevance, and the data used for analysis. For our variables of interest we collected separate datasets from different sources. As a result, the years for which data are available vary by outcome of interest.

Prior to the launch of Viagra (medical name Sildenafil) in April 1998, ED could only be treated with invasive methods involving injections, penile prosthesis, penis pumps, or vascular reconstructive surgeries (Montague et al. 2005). The most common ED drug at the time was Alprostadil. Alprostadil is a penile suppository applied either into the urethra or injected into the penis about 10 minutes before the erection is needed. Figure 1 below shows that while in March 1998 more than 900,000 units of Alprostadil were prescribed. 1 month later, in April 1998 this figure dramatically declined to 462,000 units to then continually decline to insignificant numbers today. (6) The aphrodisiac Yohimbine, a sexual stimulant, experienced even more drastic declines.

This dramatic drop in medication sales can be clearly explained with the approval of Sildenafil by the FDA, becoming the first oral medication to treat ED, sold under the brand name Viagra starting in April of 1998. The new drug was celebrated in the press and public media as revolutionizing the sexual behavior of the elderly population. The New York Times, for example, in the year 1998 featured over 193 articles on Viagra. (7) Viagra was advertised directly to consumers in the United States on TV, famously being endorsed by sport stars like soccer player Pele and former U.S. Senator Bob Dole. Viagra was voted the "word of the year" in both Germany and in the United States. Hence, many of the former customers of the drugs Alprostadil or Yohimbine immediately started taking Viagra. Moreover, many new patients must have adopted Viagra, as evidenced by Figure 2, which shows shipments to pharmacies for Viagra, Alprostadil, and Yohimbine. Figure 2 demonstrates that simultaneously with the drop of the former ED drugs, in April 1998 ED drugs experienced an unprecedented consumption level due to the launch of Viagra selling over 14 million units. The figure shows that Alprostadil and Yohimbine played an insignificant role whereas Viagra dominated the market after its introduction.

[FIGURE 1 OMITTED]

A. Data on Viagra Users

An important factor to consider when determining the effects of the release of Viagra are the demographic characteristics of the drug's user. To identify demographic information of Viagra users, we collected data from the Prescribed Medicine File from the Household Component from a U.S. Department of Health and Human Services database called the Medical Expenditure Panel Survey (MEPS). (8) It is a collection of results from nationally representative surveys that are distributed to families, individuals, medical providers, and employers throughout the United States. From 1998 to 2001, (9) MEPS collected data on various demographic characteristics of a random subsample of 158 Viagra users. We present summary statistics of this survey in this subsection.

[FIGURE 2 OMITTED]

Figure 3 shows the age distribution of Viagra users. The average Viagra user was at 57 years. The youngest participant in the survey was at 18 years, while the oldest was at 87 years of age. Overall, the distribution of ages appears fairly normal. Specifically, almost 90% of Viagra users in the survey are 45 years of age and older. Owing to this age distribution, we establish the treatment group in our analysis as individuals aged 45 and above and the control individuals aged 25-40. (10) We drop individuals between the ages 41-44. We view this age category as neither in the treatment nor control as some of these individuals may be prescribed Viagra, but not in the concentrations of males aged 45 or over. For a different reason, we drop the 18-24 age group: sexual activity of the 18-24 age group is in all likelihood a poor control for people aged 45 and above relative to individuals aged 25-40. For example, the 25-40 age demographic has marriage rates much closer to the above 45 age group than 18-24-year-olds.

[FIGURE 3 OMITTED]

B. Data on Variables of Interest

We examine how Viagra's introduction affects four different variables of interest. First we examine how Viagra affected gonorrhea rates in the drug's target population (e.g., males aged 45 and above). (11) STDs are of interest because it studies the drug's capacity to impact risky behavior associated with instant gratification. (12) If Viagra did affect STDs, it is reasonable to expect that gonorrhea rates would be the clearest example: it is one of the most common STDs as it is a bacterial infection that can easily be transmitted by fluids. We examine gonorrhea rates for men of age 45 and above, but also for women. (13) It is important to understand how lifestyle drugs affect the agents who do not take the drug directly but rather indirectly enjoy their benefits or suffer from their costs. We obtained state-level gonorrhea infection rate data by age and gender via e-mail exchange from the Centers for Disease Control (CDC). These data are available from the authors upon request.

Second, we test for how Viagra's introduction affects natality rates in the target population. This is a variable of interest because it highlights the drug's capacity to correct a physical disorder and the resulting impact on immediate family planning decisions. Viagra makes conceiving a child much less costly for the target population (males with ED). Therefore, natality rates could increase upon Viagra's introduction because couples who previously had physical impediments to conception would now be better enabled to conceive. (14) State-level natality data by father's age are drawn from the CDC Vital Statistics. We define natality rates as the number of newborns by fathers in age category j in state k divided by 100,000 men in age category j in state k.

Third, we examine how Viagra's introduction affects criminal sexual activity. This is an important variable due to the magnitude of consequences for victims. It is possible that the publicity in the public media about Viagra and sex of elderly changed the sexual crime behavior of the elderly population. Hence, whether there has been an increase in such arrests in the United States since the release of Viagra, and if so amongst what age groups, is a relevant question. We collected data for (i) sex offenses arrests (that excludes forcible rapes) and (ii) forcible rape arrests in the United States by suspect's sex and age group. Sexual offenses include the following crime subcategories: adultery/fornication, incest, buggery, indecent exposure, seduction and indecent liberties, sodomy or crimes against nature, statutory rape (not forced), and any attempts of the stated categories. (15) County-level arrests for sexual offense and rape statistics are collected from the Uniform Crime Reports of the National Archive of Criminal Justice Data for almost 900 U.S. counties.

Finally, we test for Viagra's effect on divorce rates. This outcome highlights the importance of this particular medical innovation on the household production function and is also a long-run planned decision. Viagra is a lifestyle drug that enables increased coital capacity for its users. If the relative benefit of getting married, staying in a marriage, or getting divorced is asymmetrically affected by Viagra then we would expect a significant effect of Viagra's introduction on marriage market in the treatment group. To test this hypothesis, divorce and marriage data were compiled using the Current Population Survey (CPS) of the Bureau of Census for the Bureau of Labor Statistics. This dataset is a time series of repeated cross-sectional draws of individuals in the U.S. population.

III. ECONOMETRIC MODEL

We estimate several econometric models to identify the causal effect of the introduction of Viagra on several outcomes of interest for men and women middle aged and older. Specifically, we estimate the drug's effect on rates of a STD (gonorrhea), natality rates and sexual offenses rates including rape, and divorce rate. We use state-level data for gonorrhea and natality, county-level data for crime, and individual-level data for divorce. (16) We are forced to use state-level data in some cases since, to our knowledge, no more granular-level data exists.

For every variable of interest, our preferred econometric model uses a difference-indifference estimator. Specifically, we estimate least squares and Poisson models with the following specification:

(1) [y.sub.sgt] = h ([alpha] + [[mu].sub.s] + trend + 1 {g [greater than or equal to] 45) 5

+ 1 {t [greater than or equal to] 1999} [gamma] + 1 {g [greater than or equal to] 45}

x1 {t [greater than or equal to] 1999}[beta + [[epsilon].sub.sgt]).

In Equation (1), s indexes a location (state or county), g indexes an age group, and t the year of observation. We allow for state or county fixed effects, [[mu].sub.s]. When the data dictate, we include a linear time trend takes the value of one for observations in the first year of our dataset and n for observations in the nth year of data. The function h() indicates that we sometimes estimate Equation (1) as a semi-logarithmic model and sometimes as a Poisson model. We estimate the difference in outcomes for the control group for the post-1998 period relative to the pre-1999 period, [gamma], and the fixed effect of being in the target age group for Viagra, [delta]. The main coefficient of interest is [beta] which indicates the change in outcome variable of interest for the treatment group attributable to the approval and sale of Viagra. The differences-in-differences identification strategy assumes that in the absence of treatment, the outcome variable of both the treatment and control groups would have evolved the same over time. We cluster standard errors at the state level to account for serial correlation within a state. Further all county data regressions are clustered by state which also accounts for the potential of spatial correlation within each state.

We estimate Equation (1) using two methods. First, estimated by "least squares," we put the outcome variables of interest in log rates. While log rates are useful for ease of interpretation, it is problematic for us in some cases: in our data we observe some years with zero rates in some age groups for certain variables of interest, especially in lower population states and counties. (17) Taking the log of these rates leads to dropped observations and severe nonlinearity around zero rates. We address this by trimming our datasets in the log rate specification so that no state or county with fewer than 10 observed outcomes is ever observed. For example, if a particular state ever has fewer than 10 observed cases of gonorrhea in either the treatment or control group we trim that state from the dataset. We find qualitatively similar results when using other trimming rules.

Second, in addition to estimating Equation (1) using ordinary least squares (OLS) and log rates, we also use Poisson regressions with standard errors clustered by state. This is a natural setting for a Poisson regression since our dependent variables are count data (e.g., number of gonorrhea cases, number of births). This specification affords us the opportunity to use all of our data, as opposed to dropping some observations due to our trimming rule.

The key identifying assumption in our article is the timing of treatment. Viagra was first sold commercially in mid-April 1998. We take 1999 to be the starting date of treatment for three reasons. First it is the first complete year that Viagra was legal. Second, our aim is to identify long-run effects. Three, any learning about the drug was likely to have occurred in the second half of 1998. In any case, the qualitative results are robust to allowing the treatment date to start in 1998.

In interpreting our results, we want to stress caution in identifying causal long-run impacts of Viagra due to some drawbacks of our data. First, we do not observe a panel dataset on both an individual's sexual activity and Viagra usage over time. Therefore, our results are market-level outcomes. From a policy perspective, though, market-level outcomes are the effects of interest since any public policy targeted toward lifestyle drugs would operate at the market level. Second, we did not conduct a randomized controlled trial, which would have been ideal for assessing the direct link between ED drug use and our variables of interest. Third, the timing of Viagra's availability was uniform in all 50 states. This eliminates cross-sectional variation in the timing of treatment as a source of identification in our analysis. As with any differences-in-differences approach, then, if the timing of treatment is correlated with any other event which affected the outcome of interest, it will bias our estimates. (18) As a result, we urge further study with individual-level panel data. Fourth, although our collected CDC, CPS, and crime data report the universe of all reported individuals in the United States, the prevalence of some outcome variables is still low and precludes a highly powered analysis at the individual level. More generally, from a policy perspective further work may better characterize those users of ED drugs who are at highest risk for an STD. For example, screening, whether in the form of brief conversations or formal STD testing, would be most effective if targeted toward those at highest risk.

IV. RESULTS

A. Sexually Transmitted Diseases

We estimate the model with state-level data for both males and females by age cohort using the CDC dataset. Figure 4 displays the aggregated data for gonorrhea rates by age group and sex. Due to differing levels across the two age cohorts the plot has different y-axes with the treatment group (e.g., older males) on the left y-axis and the control group on the right y-axis. Panel (a) in Figure 4 shows that gonorrhea rates increased substantially after 1999 for elderly males peaking in 2007 at 40% above of their 1999 levels. In comparison, the control group (age: 25 to 40) saw only a slight increase. It is possible that some of the increase in the control group's rates may be transmission of gonorrhea from older to younger cohorts over time. As a result, then, our DD estimates (comparing the 40% increase relative to the marginal increase) are a lower bound of the effect of Viagra in the elderly population. Female gonorrhea rates are shown in panel (b). Here patterns are less clear. After Viagra's approval and sale gonorrhea rates in older women remain elevated while rates in young women decrease.

In Figure 4, two additional features are apparent. First, the early 1990s experienced a substantial decline in the STD rates. This decline coincides with a time period of increased caution and educational campaigns to curb HIV infections in the United States (Health and Vital Statistics 2010). Starting in 1998 and 1999, with the introduction of Viagra, the age group trends reverse, with the elderly group showing striking increases of over 40% for males by 2007.19 Moreover, Figure 4 provides evidence that the increase in gonorrhea is not due to a higher detection (because males may run additional STD tests at the time when Viagra is prescribed at the doctor's office). Instead, note that the increase in gonorrhea rate occurs gradually, and not immediately in the older cohort. This is in sharp contrast to the very immediate adoption of the drug in April of 1998 as shown in Figure 1. If the higher detection rate were responsible for the higher CDC gonorrhea statistic, then one would expect a jump in the STD figure as well.

[FIGURE 4 OMITTED]

Finally, Figure 4 shows a significant effect of the great recession after 2007. As the great recession affected accumulated wealth through the stock market and housing stock savings, it appears that the elderly group is more responsive to this wealth effect compared to the younger age cohort. (20) We will return to this phenomenon when analyzing the natality data below.

Estimation results are shown in Tables 1 and 2 for males and females, respectively. In these and all subsequent tables we present several versions of the econometric model and all our tables take the following form unless otherwise stated: all least squares specifications use log of rates as the dependent variable and progressively add more fixed effects and a linear time trend to control for the time varying effects. Because of using log rates, each of our OLS specifications trim the sample as described above (drops state/counties ever reporting fewer than 10 occurrences of the outcome variable). Our most flexible specification in log rates is column 3 which includes a linear time trend and state fixed effects. Columns 4 and 5 show results from estimating the Poisson model on the subset of the trimmed data (column 4) that is used in the log rates specification and the full (untrimmed) dataset in column 5. The last two columns limit the entire sample so that only the years closest to the introduction of Viagra (1995-2005) are used in the analysis. We view the results from columns 6 and 7 as a robustness check to verify that the estimated effect of Viagra on our variables of interest is not being driven by data many years before or after Viagra's availability. For each variable of interest we also include additional robustness checks in the Appendix that cut the sample differently. Our main treatment effect estimate of interest is the top row corresponding to [beta] of Equation (1) labeled as "Viagra" in each table.

Table 1 displays the regression results for male gonorrhea rates as the left-hand-side variable. Gonorrhea rates in the older population of men unambiguously increases by between 15% and 28%. (21) Estimates are somewhat smaller when the entire dataset is used in the Poisson specifications in columns 5 and 7 compared to the corresponding least squares specifications in columns 4 and 6. For both the Poisson and OLS regression specifications, the estimated treatment effect of Viagra is overall consistent conditional on the number of years being used in the analysis being constant, that is, excluding the years of the highest STD difference in 2006 and 2007 drops the estimated treatment effect from 23% in column 5 to 15% in column 7. The Appendix further provides estimates on different time windows and shows that across all specifications the Poisson treatment effects range from 13% to 24%.

Table 2 shows the same estimation results for females. It is important to note that in these specifications for females, our estimates are lower bounds since older infected men could have transmitted gonorrhea to younger women. Overall, we find only very weak evidence of an effect for females. In the Poisson regressions in column 4 (which include all years from 1990 to 2011, but trims the data to at least 10), we find a significant effect of Viagra's introduction on older female gonorrhea rate. Once we, however, estimate this via least squares (column 3, or use all data (column 5) this significant result disappears. In other specifications with the entire time series, the coefficient of interest has the expected sign but is imprecisely estimated. In the robustness check in which we include only a subset of the years, the effects tighten to be nearly zero.

[FIGURE 5 OMITTED]

B. Natality Rates

State-level natality data by father's age cohort are drawn from the CDC Vital Statistics and are shown in Figure 5. As stated above, we define natality rates as the number of newborns by fathers in age category j in state k divided by 100,000 men in age category j in state k. (22) Figure 5 displays log natality rates by age grosup. Three notes on these data are in order. First, there is an obvious drop in natality rates from 2004 to 2006 for the treatment group. This is due to unfortunately missing data in the CDC dataset for the 55+ age group in some states. Second, for the control group, we see a pre-trend decline in the natality rate over the first years of the sample period followed by an increase which mirrors the older age group's increase. Third, both groups' natality rates fall with the onset of the great recession in 2008. To address these three data issues, in the following regressions we systematically vary the time window of included years.

Table 3 shows regression results from the data displayed in Figure 5. Overall, we find no convincing evidence that Viagra had a significant effect on natality rates for men in Viagra's target population in our models. Using the entire dataset, in only two specifications is there a marginally significant (10% level) decrease in natality rates for the treatment group. Panel (b) and (c) then further display the regression results for the years 1994 to 2003 as well as 1990 to 2007 and 1995 to 2005. In particular the data from 1994 to 2003 is used (i) to balance the length of the pre-Viagra and post-Viagra periods, (ii) eliminate the different pre-1994 trends, and (iii) ensure that we have data for all age groups (as the dataset starts to become irregular in 2004). Across all these specifications, taken together, we find no convincing evidence that Viagra had a significant effect on natality rates for men in Viagra's target population.

Although we fail to reject the null hypothesis that Viagra had a significant increase on birth rates for the treated group, the 95% of the estimated confidence interval for the Poisson regression with all data and a time trend is (-.077, .015). This means that the largest possible increase Viagra could have caused is 1.5%. We take this as evidence that even if Viagra were inducing additional births by older males, the rate is small. (23)

C. Sexual Offenses and Rape

We collected county-level rape and sexual assault arrest data for male perpetrators by age group from the Uniform Crime Reports of the National Archive of Criminal Justice Data. Figure 6 shows the trends in rape and sexual assault in log rates by age group. Both panels show a significant downward trend in criminal activity. It is not immediately apparent from the figure that Viagra's approval and sale caused significantly higher sexually related reported criminal activity by the target population.

[FIGURE 6 OMITTED]

Table 4 shows the regression results for county-level rape arrests over the entire dataset. The three simplest regression specifications find a significantly positive effect of Viagra and rape arrests. These effects, though, are eliminated when more flexible specifications are performed. In the two most flexible specifications, columns 5 and 7, we find insignificant effects of Viagra on rape arrests. We show in the Appendix the same qualitative results when we balance the dataset around Viagra's introduction date.

Table 5 shows the regression results for county-level sexual offense arrests over the entire dataset. We find similar results to those from rape: in the simplest specifications we find a positive and significant effect of Viagra on sexual offenses that is eliminated in more flexible specifications. As shown in the Appendix, when using a balanced dataset around Viagra's

introduction these results stay insignificant. In summary, we find no strong evidence that Viagra affected rates of rape or sexual offenses for the target population of the drug.

Although we fail to reject the null hypothesis that Viagra had a significant increase on crime rates for the treated group, the 95% of the estimated confidence interval for the Poisson regression with all data is (-.112, .026). This means that the largest possible increase Viagra could have caused in our econometric model is 2.6%, or 88 rapes per year. Rapes by males over 45 were 1,300 in 1998, which represents 18% of all total rapes between both age groups.

D. Divorce Rates

To test if Viagra had an effect on divorce rates we collected data from the CPS of the Bureau of Census for the Bureau of Labor Statistics. These data are somewhat different than our other data in that the CPS is collected as a random subsample of the U.S. population each year. The dataset has age and marital status for the years 1990 to 2008. The average sample size per year for males is 50,879 and for females 35,242.

Data showing divorce rates by age are displayed in Figure 7. The graph shows divorces per 1,000 married households. For both age groups, there is a pre-trend before Viagra's approval in 1998. The average number of divorced households is roughly 135 and 123 per 1,000 married households for the treatment and control, respectively over the sample period. It is not clear from a visual inspection that there is any significant break in this pre-trend due to Viagra's introduction. There is a discrete drop in the divorce rate between 2000 and 2001 in the control group, but that drop is both more than two full years after Viagra's introduction and coincides with a U.S. recession in that year. We performed regressions for both male and female divorce rates by age cohort as above. Although we do not report the output in tables, we estimate the effect of Viagra on male divorce to be 2.01 but that estimate is insignificant (clustered standard error is 2.3). Noting that the divorce rate for men in the treatment group in 1999 is 140 per 1,000, this represents a statistically insignificant change of roughly 1.4%. Similarly, we perform the same specification for women and estimate a coefficient of .059 and that estimate is also insignificant (standard error is .053). Taken together, these estimates indicate that Viagra had no statistically significant effect in the marriage market.

[FIGURE 7 OMITTED]

Although we find no effect on the aggregate divorce rate, it could still be that Viagra affected the age composition of divorces and marriages. Tables 6 and 7 address these possible effects. We collected 3 years of data (1989, 1997, and 2007) from the CPS in order to check for Viagra effects in the age composition of marriage in the treatment group. The reason to start with 1989 is that we did not want to attribute long-run trends occurring before 1997 to Viagra. We also stop the sample in 2007 to avoid any systematic interactions of marriage/divorce patterns by age due to the great recession. Table 6 shows a cross tab of average and standard deviation of age for all cohabitating married couples by male's age. Consistent with intuition, younger people are marrying later. The population of older married males appears to be getting younger. This trend started before Viagra's introduction. The average age of females married to men 45 or older has stayed roughly constant.

Breaking the data down further, we calculate percentiles of wife's age conditional on having a husband aged 45 or more in Table 2. The table shows that there is no significant effect in the bottom half of the distribution after the introduction of Viagra that breaks from pretrends. We take this as further evidence that any effects occur the marriage market due to Viagra's introduction are likely to be second order. Taking the results of Tables 1 and 2 together shows that the age spread between older males and their spouses is unaffected by the introduction of Viagra.

In summary, although we fail to reject the null hypothesis that Viagra had a significant increase on divorce rates for the treated group, the 95% of the estimated confidence interval for the percentage change in divorce rates is (-.018, .047). This means that the largest possible increase Viagra could have caused in our econometric model is 4.7% or a decrease of 1.8%. There are reasonable arguments for Viagra leading to an increase in divorce (Viagra makes being single relatively more attractive) or a decrease in divorce (Viagra improves marriages). Either percentage change, though, is dominated by long-run trends for the older age cohort.

E. Welfare

Our results can inform a rudimentary welfare calculation of the effect of Viagra on the target population. For four variables of interest--natality, divorce, sex crimes, and age spread--we find no evidence that Viagra had a statistically significant effect on the target population. We find that Viagra's introduction increased gonorrhea rates 15%-28% for both men and women older than 45. According to the CDC, the average gonorrhea rate in 2011 in the 45-55 age group ranged from 20.8 to 30.3 per 100,000 and 6.0 to 9.7 for 55-65 age group with negligible rates for ages 65+.24 Taking the upper bounds for both of the gonorrhea rate increases due to Viagra it implies that Viagra is responsible for at most an additional 4,381 cases of gonorrhea per year in the target population.25 Gonorrhea is commonly treated with Cefixime, which has inexpensive generic versions for no more than $40. Therefore, this yearly negative cost due to Viagra's introduction is on the order of $140,000. This number is clearly a lower bound on cost, though, given the physical and psychic costs of gonorrhea. However, the number is orders of magnitude lower than annual sales of Viagra, which is a lower bound for consumer value associated with its use. As a result, we conclude that a back of the envelope welfare calculation finds that Viagra's introduction led to an overall welfare increase.

V. CONCLUSIONS

We use the introduction of a well-publicized and heavily prescribed lifestyle drug, Viagra, to test how that drug affects outcomes for the target age cohort. We are studying four types of lifestyle choices of economic importance: enabled risky behavior associated with instant gratification (STD rates), enabled child bearing and family planning decisions (natality and divorce), and enabled criminal behavior (sexual assault and rape). We find evidence that the drug increased STDs in the target population but that no other variable of interest was affected. As a result, we find that this particular medical innovation targeted toward older age cohorts only led to changes in short-term decision making rather than long-run decision making. Overall, in a back of the envelope cost benefit analysis, we find that the welfare impacts of Viagra with respect to our outcomes of interest are positive and large.

These results have important implications for the economics literature. First, as the population ages, more resources will be invested in improving the elderly people's quality of life by the development of medical innovations. As other new groundbreaking medical innovations are introduced, our results imply that there might not be necessarily substantial changes in economic decisions with long-term impacts by the elderly. Second, these results contribute to a large economic literature on how endowments and wealth influence decision making since older individuals have, on average, more wealth than younger cohorts (Kahneman, Knetsch, and Thaler 1991; Rabin 1998). We find that Viagra affected relatively low cost risky decisions associated with instant gratification only. This points to self-control problems, even for experienced decision makers. These questions could be important avenues for future research to better understand decisions in an aging population.

ABBREVIATIONS

CDC: Centers for Disease Control

CPS: Current Population Survey

ED: Erectile Dysfunction

FDA: Food and Drug Administration

MEPS: Medical Expenditure Panel Survey

OLS: Ordinary Least Squares

STD: Sexually Transmitted Disease

doi: 10.1111/ecin.12147
APPENDIX

TABLE A1
Impact of Viagra on Log Rate of Gonorrhea Cases 1990-2011: U.S.
Males

                                 1996-2011

                      Least Squares     Poisson
                           (8)            (9)

Viagra                  0.110           0.132
                       (0.054) *       (0.062) **
45+                    -3.716          -3.627
                       (0.077) ***     (0.077) ***
t > 1998                0.069           0.040
                       (0.037) *       (0.035)
Linear trend            0.003           0.010
                       (0.006)         (0.005) *
State FE                   Yes            Yes
Adjusted [R.sup.2]      0.98
[R.sup.2]               0.98            0.92
N                     608                1,632

                                1990-2007

                      Least Squares      Poisson
                          (10)             (11)

Viagra                  0.310             0.244
                       (0.046) ***       (0.065) ***
45+                    -3.887            -3.723
                       (0.066) ***       (0.076) ***
t > 1998               -0.017             0.166
                       (0.067)           (0.037) ***
Linear trend           -0.017            -0.042
                       (0.007) **        (0.009) ***
State FE                   Yes              Yes
Adjusted [R.sup.2]      0.97
[R.sup.2]               0.97              0.90
N                          864            1,834

                                 1995-2007

                      Least Squares      Poisson
                          (12)             (13)

Viagra                  0.184             0.181
                       (0.050) ***       (0.051) ***
45+                    -3.761            -3.660
                       (0.067) ***       (0.078) ***
t > 1998               -0.150            -0.093
                       (0.038) ***       (0.035) ***
Linear trend            0.032             0.023
                       (0.007) ***       (0.007) ***
State FE                   Yes              Yes
Adjusted [R.sup.2]      0.98
[R.sup.2]               0.98              0.92
N                     494                   1,326

                                 1995-2011

                      Least Squares      Poisson
                          (14)             (15)

Viagra                  0.155             0.165
                       (0.051) ***       (0.048) ***
45+                    -3.761            -3.660
                       (0.067) ***       (0.078) ***
t > 1998                0.028            -0.008
                       (0.039)           (0.036)
Linear trend            0.002             0.008
                       (0.005)           (0.006)
State FE                   Yes              Yes
Adjusted [R.sup.2]      0.98
[R.sup.2]               0.98              0.91
N                     646                   1,734

Notes: All columns have standard errors clustered at the state
level. Least squares specifications drop 32 states that ever have
less than 10 cases in a given age category in a given year. Note
that in 1999 there were 30,687 reported cases of gonorrhea in
males aged 25 -40 and 1,326 in males 45+.

* p < .1; ** p < .05; *** p < .01.

TABLE A2
Impact of Viagra on Log Rate of Gonorrhea Cases 1990-2011: U.S.
Females

                                 1996-2011

                      Least Squares      Poisson
                           (8)             (9)

Viagra                 -0.046            -0.012
                       (0.036)           (0.034)
45+                    -2.183            -2.152
                       (0.034) ***       (0.049) ***
t> 1998                 0.264             0.104
                       (0.037) ***       (0.050) **
Linear trend           -0.041            -0.028
                       (0.008) ***       (0.006) ***
State FE                   Yes              Yes
Adjusted [R.sup.2]      0.96
[R.sup.2]               0.96              0.91
N                     608                   1,632

                                 1990-2007

                      Least Squares      Poisson
                          (10)             (11)

Viagra                  0.142             0.121
                       (0.051) **        (0.050) **
45+                    -2.306            -2.253
                       (0.043) ***       (0.070) ***
t> 1998                 0.130             0.247
                       (0.069) ***       (0.037) ***
Linear trend           -0.048            -0.076
                       (0.006) ***       (0.011) ***
State FE                   Yes              Yes
Adjusted [R.sup.2]      0.96
[R.sup.2]               0.96              0.91
N                     684                   1,834

                                 1995-2007

                      Least Squares      Poisson
                          (12)             (13)

Viagra                  0.033             0.023
                       (0.037)           (0.040)
45+                    -2.197            -2.155
                       (0.031) ***       (0.059) ***
t> 1998                 0.042             0.001
                       (0.045)           (0.045)
Linear trend           -0.012            -0.017
                       (0.009)           (0.008) **
State FE                   Yes              Yes
Adjusted [R.sup.2]      0.97
[R.sup.2]               0.97              0.92
N                     494                   1,326

                                1995-2011

                      Least Squares      Poisson
                          (14)             (15)

Viagra                 -0.033            -0.010
                       (0.037)           (0.039)
45+                    -2.197            -2.155
                       (0.031) ***       (0.059) ***
t> 1998                 0.237             0.070
                       (0.041) ***       (0.056)
Linear trend           -0.042            -0.029
                       (0.008) ***       (0.006) ***
State FE                   Yes              Yes
Adjusted [R.sup.2]      0.96
[R.sup.2]               0.960             0.91
N                     646                   1,734

Notes: All columns have standard errors clustered at the state
level. Least squares specifications drop 32 states that ever have
less than 10 cases in a given age category in a given year. Note
that in 1999 there were 55,071 reported cases of gonorrhea in
females aged 25-40 and 8,169 in females aged 45+.

* p  < .1; ** p < .05; *** p <.01.

TABLE A3
Impact of Viagra on Log Rate of Rape Arrests of U.S. Males:
1994-2010

                                 1996-2011

                      Least Squares     Poisson
                           (8)            (9)

Viagra                -0.030          -0.010
                      (0.045)         (0.039)
45+                   -1.805          -1.879
                      (0.060) *       (0.049) ***
t> 1998               -0.020           0.028
                      (0.028)         (0.040)
Linear trend          -0.043          -0.027
State FE              (0.004) ***     (0.004) ***
Adjusted [R.sup.2]     0.84
[R.sup.2]              0.84            0.52
N                        2,250          16,110

                                1994-2007

                      Least Squares     Poisson
                          (10)            (11)

Viagra                -0.014          -0.008
                      (0.051)         (0.040)
45+                   -1.803          -1.874
                      (0.064) ***     (0.063) ***
t> 1998               -0.059          -0.027
                      (0.038)         (0.049)
Linear trend          -0.036          -0.019
State FE              (0.005) ***     (0.005) ***
Adjusted [R.sup.2]     0.84
[R.sup.2]              0.85            0.54
N                        2,100          15.036

                                 1995-2007

                      Least Squares       Poisson
                          (12)             (13)

Viagra                -0.014              -0.007
                      (0.051)             (0.040)
45+                   -1.814              -1.871
                      (0.069) ***         (0.060) ***
t> 1998               -0.059              -0.029
                      (0.038)             (0.050)
Linear trend          -0.037              -0.016
State FE              (0.006) ***         (0.006) **
Adjusted [R.sup.2]     0.85
[R.sup.2]              0.85                0.54
N                        1,950              13,962

                                  1995-2011

                      Least Squares      Poisson
                           (14)           (15)

Viagra                   -0.022        -0.012
                         (0.042)       (0.047)
45+                      -1.819        -1.875
                         (0.061) ***   (0.059) ***
t> 1998                  -0.025         0.029
                         (0.029)       (0.041)
Linear trend             -0.043        -0.027
State FE                 (0.004) ***   (0.004) ***
Adjusted [R.sup.2]        0.84
[R.sup.2]                 0.84          0.52
N                           2,400        17,184

Notes: All columns have standard errors clustered at the state
level. Least squares specifications drop 32 states that ever have
less than 10 cases in a given age category in a given year.

* p < .1; ** p < .05; *** p < .01.

TABLE A4
Impact of Viagra on Log Rate of Sexual Offense Arrests of U.S.
Males: 1994-2010

                                 1996-2011

                      Least Squares     Poisson
                           (8)            (9)

Viagra                -0.049          -0.026
                      (0.029) *       (0.034)
45+                   -1.139          -1.219
                      (0.041)         (0.035) ***
t > 1998               0.025           0.038
                      (0.039)         (0.031)
Linear trend          -0.031          -0.020
State FE              (0.004) ***     (0.004) ***
Adjusted [R.sup.2]     0.76
[R.sup.2]              0.77            0.55
N                        8,550          26,130

                                 1994-2007

                      Least Squares     Poisson
                          (10)           (11)

Viagra                -0.042          -0.004
                      (0.032)         (0.035)
45+                   -1.140          -1.160
                      (0.028) ***     (0.027) ***
t > 1998              -0.031          -0.017
                      (0.038)         (0.033)
Linear trend          -0.020          -0.009
State FE              (0.005) ***     (0.005) ***
Adjusted [R.sup.2]     0.76
[R.sup.2]              0.77            0.56
N                        7,980          24,388

                                 1995-2007

                      Least Squares     Poisson
                          (12)           (13)

Viagra                -0.042          -0.004
                      (0.032)         (0.035)
45+                   -1.136          -1.179
                      (0.033) ***     (0.030) ***
t > 1998              -0.031          -0.018
                      (0.038)         (0.033)
Linear trend          -0.019          -0.007
State FE              (0.005) ***     (0.005)
Adjusted [R.sup.2]     0.76
[R.sup.2]              0.77            0.56
N                        7,410          22,646

                               1995-2011

                      Least Squares     Poisson
                          (14)           (15)

Viagra                -0.048          -0.036
                      (0.025) *       (0.033)
45+                   -1.141          -1.200
                      (0.034) ***     (0.031) ***
t > 1998               0.031           0.048
                      (0.039)         (0.031)
Linear trend          -0.030          -0.020
State FE              (0.004) ***     (0.004) ***
Adjusted [R.sup.2]     0.75
[R.sup.2]              0.76            0.54
N                        9,120          27,872

Note. Least squares specifications drop 32 states that ever have
less than 10 cases in a given age category in a given year.

*p < .1; ** p < .05; *** p < .01.


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(1.) There are at least two channels through which medical innovations could affect decision making of the elderly. First, medical innovations can enable specific behavior that was previously made impossible due to age or disease For example, a hip replacement or medication can enable exercise. Second, if medical innovations extend the expected life span of a population, it can indirectly affect decisions related to financial planning and years worked. We are concerned with the first channel in this article.

(2.) We want to highlight here we mean immediate impacts. In the longer run there could be additional family planning effects as younger men choose to delay having children longer due to the existence of ED drugs. Further, fatherhood can clearly be unplanned as well for both older and younger men. As a result, we are testing for an effect of Viagra's introduction generally on all births, both planned and unplanned, fathered by the older age cohort.

(3.) We show that the age composition of Viagra users stays roughly constant from the first years of its introduction in 1998 through 2007.

(4.) In a different context, recent research finds larger concentrations of older populations can cause modest decreases in education spending and/or changes in the political economy equilibrium of different voting blocs (Harris, Evans, and Schwab 2001; Levy 2005). The goal of this article, then, is to examine how one particular lifestyle drug targeted at the elderly population changes the aging population's socioeconomic decisions.

(5.) Artificial organs, for example, are another major medical innovation currently being tested which could lead to major changes in the lifestyle decisions of the elderly and even young people.

(6.) ED medication data were purchased from IMS Health.

(7.) Titles for these articles included The Nation: Thanks a Bunch, Viagra and The Pill That Revived Sex, Or at Least Talking About It.

(8.) These data are stored in the yearly Prescribed Medicine Files at http://www.meps.ahrq.gov/mepsweb/.

(9.) We also collected the same information from MEPS for 2005-2007 and found that the age composition of Viagra users stayed roughly constant over time. That data are available from the authors upon request.

(10.) There are some media reports that recreational Viagra usage increased in younger men in the 2000s (http://usatoday30.usatoday.com/news/health/2001-03-21viagra-abuse.htm). This implies that our estimates are lower bounds for the effect of Viagra on the treatment group if Viagra also had effects on the control group.

(11.) To transfer the raw data of levels into age cohort-by-state and cohort-by-county rates, we use the Intercensal Estimates of the Resident Population by the U.S. Census Bureau, Population Division.

(12.) Jena et al. (2010) is one relevant study from the medical literature which relates STD rates of Viagra users to nonusers. Jena et al. (2010) does not use the approval of the drug as part of the identification technique. As a result, their treated population does not reflect the treatment group isolated with our identification strategy. The contribution of our study, then, is that it presents the first empirical paper that does document the causal relationship between ED medications and STD rates among the elderly, using the most comprehensive dataset collected for the United States. In fact Jena et al. (2010) suggest that a study such as ours, where STDs are compared prior and post the introduction of Viagra, should be performed. The medical literature further descriptively outlines some differences between ED users and nonusers and we list these findings here: due to some combination of reduced fertility rates and preferences, the elderly are up to one sixth less likely to use condoms than people in their twenties and one fifth as likely to be tested for STDs (Lindau et ai. 2006; Patel, Gillespie, and Foxman 2003; Stall and Catania 1994). To that end, primary care physicians are less likely to discuss STD prevention with older patients (see Skiest and Reiser 1997). However, ED drugs users report having both more recent sexual partners and higher STD rates than nonusers (see Paul et al. 2005; Swearingen and Klausner 2005). Although direct data do not exist, these findings imply that if older individuals use Viagra, they both have more unprotected sex with more sexual partners than older individuals who do not use Viagra. As a result, there is reason to believe that the introduction of Viagra led to a change in sexual behavior of people who took it. That is not to say there was not self-selection in which individuals choose to take Viagra but it is plausible that even with self-selection changes in sexual behavior are feasible. Unfortunately, due to a lack of data, more precise empirical statements are not possible.

(13.) We collected data for chlamydia but that data series begins in 1996. Also, there was a significant improvement of chlamydia screening which occurred during the study period (Gaydos et al. 2004). This partially explains a dramatic increase in chlamydia diagnoses over the sample period. Further, there was a change in public health policy which suggested that younger women were tested significantly more over this time period (Meyers et al. 2004). As a result, there was a dramatic rise in chlamydia rates observed in the control group during this time period. Disentangling these last two effects from the Viagra effect is challenging. As a result, we do not include chlamydia in the analysis.

(14.) As noted above, we consider family planning generally as natality rates are a function of both planned and unplanned pregnancies.

(15.) Sex solicitation rates are also not included in this category but in a "catch all" category that includes many other arrests not prevalent to this research. Solicitation rates may be of interest but are only recorded at the local level and time restraints do not allow us to acquire these rates.

(16.) In some cases we aggregate to the state level in order to include rural counties with few observations.

(17.) For example, in Wyoming there are no recorded sexual assaults for males older than 45.

(18.) For example, we cannot separately identify if the role of media coverage of Viagra or advertising for Viagra directly affected the variables of interest.

(19.) It is important to note, though, that STD rates did not immediately increase in the older cohort in 1998, but rather the rate of growth of STD infections increased. We see two potential reasons for this. First, bacteria need time to diffuse in the network of sexual partners through unsafe sexual encounters. The more people carry an STD the higher the probability of infection. Second, the composition of Viagra users could have changed over time, even if the age of distribution of Viagra users stays constant. For example, there could have initially been a social stigma associated with Viagra so that it was not accepted in casual situations. Conversely, it could have been prescribed more initially to couples in a long-term relationship. Unfortunately, there is no dataset we are aware of that is a repeated cross section of Viagra users over time that could help us answer this more precisely.

(20.) This could also be the result of decreased medical care due to the recession and therefore missed diagnoses. Generally, the goal of this article is not to attribute STD rates to business cycles so we leave this question to future research.

(21.) Given that we find gonorrhea rates increase for older men relative to younger men, there is the question of what percentage was due to increased infidelity of married men versus increased sexually activity of single men. Our data do not let us address this interesting question directly.

(22.) We lagged our births in the following way: Our births in 1999 are matched to Viagra availability in 1998 (which is ideal, given that Viagra became available on April 1).

(23.) Given that older males' fathering rates are only 201 births per 100,000 (while the rate is above 7,400 per 100.000 in the 25-40 age cohort), the overall economic effect is not large, as it would account for an additional three births only per 100,000. If it were true, though, that Viagra had a significant and negative effect on natality rates, the maximum estimated effect size, -7.7% (or 15 newborns per 100.000), is nontrivial.

(24.) http://www.cdc.gov/std/statsll/tables/21.htm. Last accessed October 17, 2013.

(25.) Average gonorrhea rates by age from the CDC and population by age data from the census from 2011, http://www.census.gov/population/age/data/201 lcomp.html. Last accessed October 17. 2013.

JACOB LARIVIERE and HENDRIK WOLFF, We are indebted to Max Auffhammer, Ron Lee, and David Zilberman for valuable discussions and suggestions. We are also grateful for helpful student research assistance by Reid Johnsen, Mingyuan Hua, Ling Ma, Jennifer Meredith, Dorian Sidhu, and Stephanie Thomas. Any mistakes are the authors'.

LaRiviere: Assistant Professor, Economics and Baker Center for Public Policy, University of Tennessee, Knoxville, TN 37996. Phone (865) 974-8114, E-mailjlarivil@utk.edu Wolff: Assistant Professor, Department of Economics, University of Washington, Seattle, WA 98195. Phone (510) 220-7961, E-mail hgwolff@uw.edu
TABLE 1
Impact of Viagra on Log Rate of Gonorrhea Cases 1990-2011: U.S.
Males

                                       1990-2011

                     Least Squares   Least Squares   Least Squares
                          (1)             (2)             (3)

Viagra                 0.281           0.281           0.281
                      (0.044) ***     (0.044) ***     (0.044) ***
45+                   -3.887          -3.887          -3.887
                      (0.065) ***     (0.066) ***     (0.066) ***
t > 1998              -0.182          -0.182          -0.013
                      (0.056) ***     (0.057) ***     (0.049)
Linear trend                                          -0.015
                                                      (0.004) ***
State FE                  No              Yes             Yes
Adjusted [R.sup.2]     0.93            0.97            0.97
[R.sup.2]              0.93            0.97            0.97
N                    836             836             836

                               1990-2011

                       Poisson         Poisson
                         (4)             (5)

Viagra                 0.274           0.229
                      (0.053) ***     (0.064) ***
45+                   -3.896          -3.723
                      (0.051) ***     (0.076) ***
t > 1998               0.024           0.027
                      (0.035)         (0.036)
Linear trend          -0.028          -0.022
                      (0.004) ***     (0.007) ***
State FE                  Yes             Yes
Adjusted [R.sup.2]
[R.sup.2]              0.92            0.89
N                    836            2242

                                1995-2005

                     Least Squares      Poisson
                          (6)             (7)

Viagra                 0.169             0.155
                      (0.046) ***       (0.061) **
45+                   -3.761            -3.660
                      (0.068) ***       (0.078) ***
t > 1998              -0.098            -0.031
                      (0.042) **        (0.039)
Linear trend           0.022             0.010
                      (0.010) **        (0.010)
State FE                  Yes               Yes
Adjusted [R.sup.2]     0.98
[R.sup.2]              0.98              0.92
N                    418                  1,122

Notes: All columns have standard errors clustered at the state
level. Least squares specifications drop 32 states that ever have
less than 10 cases in a given age category in a given year. Note
that in 1999 there were 30,687 reported cases of gonorrhea in
males aged 25-40 and 1,326 in males aged 45+.

* p  < .1; ** p < .05; *** p <.01.

TABLE 2
Impact of Viagra on Log Rate of Gonorrhea Cases 1990-2011: U.S.
Females

                                       1990-2011

                     Least Squares   Least Squares   Least Squares
                          (1)             (2)             (3)

Viagra                 0.077           0.077           0.077
                      (0.046)         (0.046)         (0.047)
45+                   -2.306          -2.306          -2.306
                      (0.042) ***     (0.043) ***     (0.043) ***
t> 1998               -0.388          -0.388           0.196
                      (0.063) ***     (0.064) ***     (0.047) ***
Linear trend                                          -0.053
                                                      (0.005) ***
State FE                  No              Yes             Yes
Adjusted [R.sup.2]     0.84            0.93            0.95
[R.sup.2]              0.84            0.93            0.95
N                    836             836             836

                              1990-2011

                       Poisson         Poisson
                         (4)             (5)

Viagra                 0.146            0.088
                      (0.059) **       (0.047) *
45+                   -2.349           -2.253
                      (0.045) ***      (0.070) ***
t> 1998                0.183            0.141
                      (0.038) ***      (0.039) ***
Linear trend          -0.062           -0.060
                      (0.004) ***      (0.008) ***
State FE                  Yes              Yes
Adjusted [R.sup.2]
[R.sup.2]              0.92             0.91
N                    836            2,242

                               1995-2005

                     Least Squares      Poisson
                          (6)             (7)

Viagra                 0.016             0.008
                      (0.037)           (0.039)
45+                   -2.197            -2.155
                      (0.031) ***       (0.059) ***
t> 1998                0.097             0.049
                      (0.044) **        (0.047)
Linear trend          -0.023            -0.027
                      (0.010) **        (0.010) ***
State FE                  Yes               Yes
Adjusted [R.sup.2]     0.97
[R.sup.2]              0.97              0.92
N                    418                  1,122

Notes: All columns have standard errors clustered at the state
level. Least squares specifications drop 32 states that ever have
less than 10 cases in a given age category in a given year. Note
that in 1999 there were 55,071 reported cases of gonorrhea in
females aged 25-40 and 8,169 in females aged 45+.

* p < .1; ** p < .05; *** p < .01.

TABLE 3
Impact of Viagra on Rate of Births by Age of
U.S. Male, 1990-2010

                                   1990-2010

                          Least            Least
                         Squares          Squares
                           (1)              (2)

Viagra                   -0.028           -0.028
                         (0.022)          (0.017) *
45+                      -3.745           -3.745
                         (0.016) ***      (0.012) ***
t > 1998                  0.098            0.098
                         (0.009) ***      (0.011) ***
Linear trend

State FE                     No              Yes
Adjusted [R.sup.2]        0.98             0.99
N                           1,836            1,836

                                  1990-2010

                          Least
                         Squares          Poisson
                           (3)              (4)

Viagra                 -0.028           -0.031
                       (0.016) *        (0.023)
45+                    -3.745           -3.704
                       (0.012) ***      (0.017) ***
t > 1998                0.052            0.058
                       (0.017) ***      (0.005) ***
Linear trend            0.004            0.004
                       (0.001) ***      (0.001) ***
State FE                   Yes              Yes
Adjusted [R.sup.2]      0.99             0.99
N                          1,836            1,836

                                 1994-2003

                          Least            Least
                         Squares          Squares
                           (5)              (6)

Viagra                   -0.049           -0.049
                         (0.029) *        (0.022) **
45+                      -3.707           -3.707
                         (0.021) ***      (0.015) ***
t> 1998                   0.086            0.086
                         (0.013) ***      (0.015) ***
Linear trend

State FE                     No              Yes
Adjusted [R.sup.2]        0.98             0.99
N                          1,020            1,020

                                 1994-2003

                          Least
                         Squares          Poisson
                           (7)              (8)

Viagra                   -0.049          -0.049
                         (0.022) **      (0.030)
45+                      -3.707          -3.672
                         (0.015) ***     (0.021) ***
t> 1998                   0.027           0.011
                         (0.025)         (0.004) ***
Linear trend              0.012           0.015
                         (0.004) ***     (0.001) ***
State FE                    Yes              Yes
Adjusted [R.sup.2]        0.99            0.99
N                          1,020             1020

                                 1990-2007

                         Squares          Poisson
                           (1)              (2)

Viagra                   -0.018           -0.023
                         (0.018)          (0.026)
45+                      -3.745           -3.704
                         (0.012) ***      (0.017) ***
t> 1998                   0.036            0.059
                         (0.019) *        (0.006) ***
Linear trend              0.006            0.003
                         (0.002) ***      (0.001) ***
State FE                     Yes              Yes
Adjusted [R.sup.2]        0.99             0.99
[R.sup.2]                 0.99             0.99
N                          1,530            1,530

                                 1995-2005

                         Squares          Poisson
                           (3)              (4)

Viagra                 -0.051           -0.049
                       (0.031) *        (0.032)
45+                    -3.705           -3.671
                       (0.017) ***      (0.024) ***
t> 1998                 0.024            0.003
                       (0.026)          (0.004)
Linear trend            0.013            0.018
                       (0.004) ***      (0.001) ***
State FE                   Yes              Yes
Adjusted [R.sup.2]      0.99             0.99
[R.sup.2]               0.99             0.99
N                          918              918

Notes: All columns have standard errors clustered at the
state level. Least squares regressions use log rates as left-
hand-side variable. Poisson specifications use count data.
2003 is last year before missing data for 55+ age cohort's
fatherhood data.

* p < .1; ** p < .05; *** p < .01.

TABLE 4
Impact of Viagra on Log Rate of Rape Arrests by U.S. Male
Population by County: 1994-2010

                                        1994-2010

                     Least Squares    Least Squares    Least Squares
                          (1)              (2)              (3)

Viagra                   0.186            0.186           -0.026
                        (0.032) ***      (0.032) ***      (0.042)
45+                     -1.734           -1.734           -1.808
                        (0.053) ***      (0.053) ***      (0.059) ***
t > 1998                -0.382           -0.382           -0.021
                        (0.033) ***      (0.034) ***      (0.030)
Linear trend                                              -0.043
                                                          (0.004) ***
State FE
Adjusted [R.sup.2]       0.54             0.83             0.83
[R.sup.2]                0.54             0.83             0.84
N                          2,550            2,550            2,550

                                   1994-2010

                          Poisson             Poisson
                            (4)                 (5)

Viagra                  -0.034               -0.013
                        (0.051)              (0.044)
45+                     -1.739               -1.877
                        (0.072) ***          (0.062) ***
t > 1998                 0.003                0.024
                        (0.042)              (0.042)
Linear trend            -0.043               -0.028
                        (0.005) ***          (0.004) ***
State FE
Adjusted [R.sup.2]
[R.sup.2]                0.73                 0.53
N                          2,550               18,258

                                    1995-2005

                       Least Squares          Poisson
                            (6)                 (7)

Viagra                  -0.002                0.008
                        (0.064)              (0.048)
45+                     -1.804               -1.861
                        (0.077) ***          (0.057) ***
t > 1998                -0.077               -0.070
                        (0.044) *            (0.054)
Linear trend            -0.033               -0.007
                        (0.007) ***          (0.008)
State FE
Adjusted [R.sup.2]       0.85
[R.sup.2]                0.86                 0.55
N                          1,650               11,814

Notes: All columns have standard errors clustered at the state
level. Least squares specifications drop 32 states that ever have
less than 10 cases in a given age category in a given year.

* p < .1; ** p < .05; *** p < .01.

TABLE 5
Impact of Viagra on Log Rate of Sexual Offense Arrests of U.S.
Males: 1994-2010

                                        1994-2010

                     Least Squares    Least Squares    Least Squares
                          (1)              (2)              (3)

Viagra                   0.104            0.104           -0.048
                        (0.023) ***      (0.023) ***      (0.025) *
45+                     -1.089           -1.089           -1.143
                        (0.027) ***      (0.028) ***      (0.030) ***
t > 1998                -0.230           -0.230            0.029
                        (0.046) ***      (0.046) ***      (0.040)
Linear trend                                              -0.031
                                                          (0.004) ***
State FE
Adjusted [R.sup.2]       0.26             0.74             0.75
[R.sup.2]                0.26             0.75             0.76
N                          9,690            9,690            9,690

                                1994-2010

                        Poisson           Poisson
                          (4)               (5)

Viagra                  -0.012            -0.043
                        (0.029)           (0.035)
45+                     -1.085            -1.181
                        (0.025) ***       (0.027) ***
t > 1998                 0.053             0.047
                        (0.033)           (0.031)
Linear trend            -0.030            -0.020
                        (0.004) ***       (0.004) ***
State FE
Adjusted [R.sup.2]
[R.sup.2]                0.70              0.54
N                          9,690            29,614

                                 1995-2005

                     Least Squares        Poisson
                          (6)               (7)

Viagra                  -0.037             0.010
                        (0.038)           (0.034)
45+                     -1.134            -1.169
                        (0.033) ***       (0.033) ***
t > 1998                -0.059            -0.028
                        (0.038)           (0.032)
Linear trend            -0.013            -0.005
                        (0.006) **        (0.006)
State FE
Adjusted [R.sup.2]       0.77
[R.sup.2]                0.78              0.57
N                          6,270            19,162

Notes: All columns have standard errors clustered at the state
level. Least squares specifications drop 32 states that ever have
less than 10 cases in a given age category in a given year.

* p < .1; ** p < .05; *** p < .01.

TABLE 6
Mean Age of Married Female by Husband's Age

         Male 25-40       Male 45+

Year   Male    Female   Male    Female

1989   33.15   31.62    60.38   56.48
        4.36    5.24    10.56   11.57
1997   33.72   32.66    59.92   56.11
        4.34    5.71    11.02   11.87
2007   33.71   32.85    59.64   56.33
        4.34    5.93    10.55   11.32

Notes: 1989 data: n= 137,108 (age: 25-40) and 191,092
(age: 45+); 1997 data: n = 98,765 (age: 25-40) and 168,596
(age: 45+); 2007 data: n = 90,611 (age: 25-40) and 215,407
(age: 45+). All data are from CPS IPUMS. Numbers in italics
display the standard deviation of the age distributions.

TABLE 7
Age Distribution of Married Females
Conditional on Husband 45+

              Percentile

Year   1%   5%   10%   25%   50%

1989   31   39   43    47    56
1997   32   39   43    47    54
2007   33   40   43    48    55

Notes: Data are from CPS IPUMS. Percentiles are
wife's age condition on male spouse aged 45+. 1989 data
n = 191,092 (age: 45+). 1997 data n = 168,596. 2007 data
n = 215,407 (age: 45+).
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