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http://hdl.handle.net/10419/20966
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| Title: | | Smoking, Discount Rates, and Returns to Education  |
| Authors: | | Fersterer, Josef Winter-Ebmer, Rudolf |
| Issue Date: | | 2000 |
| Series/Report no.: | | IZA Discussion paper series 126 |
| Abstract: | | 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. |
| Subjects: | | Returns to education instrumental variables ability bias discount rates |
| JEL: | | I22 J31 |
| Document Type: | | Working Paper |
| Appears in Collections: | | IZA Discussion Papers, Forschungsinstitut zur Zukunft der Arbeit (IZA)
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