Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/150965
Authors: 
Reilich, Julia
Year of Publication: 
2011
Series/Report no.: 
SOEPpapers on Multidisciplinary Panel Data Research 420
Abstract: 
Looking at smoking-behavior it can be shown that there are differences concerning the time-preference-rate. Therefore this has an effect on the optimal schooling decision in the way that we assume a lower average human capital level for smokers. According to a higher time-preference-rate we suppose a higher return to education for smokers who go further on education. With our empirical fondings we can confirm the presumptions. We use interactions-terms to regress the average rate of return with the instrumentvariable approach. Therefore we obtain that smokers have a significantly higher average return to education than non-smokers.
Subjects: 
Returns to education
Human Capital
Smoking Effects
JEL: 
J24
J31
I21
Document Type: 
Working Paper

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