Smoking, discount rates, and returns to education
Josef Fersterer and
Rudolf Winter-Ebmer ()
No 2000-02, Economics working papers from Department of Economics, Johannes Kepler University Linz, Austria
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.
Keywords: returns to education; instrumental variables; ability bias; discount rates (search for similar items in EconPapers)
JEL-codes: J31 I22 (search for similar items in EconPapers)
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (4) Track citations by RSS feed
Downloads: (external link)
Journal Article: Smoking, discount rates, and returns to education (2003)
Working Paper: Smoking, Discount Rates, and Returns to Education (2000)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:jku:econwp:2000_02
Access Statistics for this paper
More papers in Economics working papers from Department of Economics, Johannes Kepler University Linz, Austria Contact information at EDIRC.
Bibliographic data for series maintained by René Böheim ().