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 regressi...

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Bibliographische Detailangaben
1. Verfasser: Fersterer, Josef (VerfasserIn)
Weitere Verfasser: Winter-Ebmer, Rudolf (VerfasserIn)
Format: UnknownFormat
Sprache:eng
Veröffentlicht: Bonn IZA 2000
Schriftenreihe:Discussion paper series / Forschungsinstitut zur Zukunft der Arbeit 126
Schlagworte:
Bildungsertrag > Rauchen > Soziale Diskontrate > Österreich > Arbeitspapier > Graue Literatur
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Zusammenfassung: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.
Beschreibung:8 S