Arbeitspapier
Smoking, discount rates, and returns to education
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.
- Language
-
Englisch
- Bibliographic citation
-
Series: Working Paper ; No. 0002
- Classification
-
Wirtschaft
Wage Level and Structure; Wage Differentials
Educational Finance; Financial Aid
- Subject
-
returns to education
instrumental variables
ability bias
discount rates
Bildungsertrag
Rauchen
Soziale Diskontrate
Österreich
- Event
-
Geistige Schöpfung
- (who)
-
Fersterer, Josef
Winter-Ebmer, Rudolf
- Event
-
Veröffentlichung
- (who)
-
Johannes Kepler University of Linz, Department of Economics
- (where)
-
Linz
- (when)
-
2000
- Handle
- Last update
-
10.03.2025, 11:42 AM CET
Data provider
This object is provided by:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Arbeitspapier
Associated
- Fersterer, Josef
- Winter-Ebmer, Rudolf
- Johannes Kepler University of Linz, Department of Economics
Time of origin
- 2000
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