Resource title

Smoking, Discount Rates, and Returns to Education

Resource image

image for OpenScout resource :: Smoking, Discount Rates, and Returns to Education

Resource description

Individual time preference determines schooling enrolment. Moreover, smoking behavior in early ages has been shown to be highly related to time preference rates. Accordingly, we use smoking at age 16 as an instrument for schooling in order to cope with ability bias in a returns to education regression. Doing this for Austrian cross-sectional data, we find no evidence of ability bias.

Resource author

Josef Fersterer, Rudolf Winter-Ebmer

Resource publisher

Resource publish date

Resource language

eng

Resource content type

text/html

Resource resource URL

http://hdl.handle.net/10419/20966

Resource license

Adapt according to the presented license agreement and reference the original author.