@techreport{Reilich2011, type = {Working Paper}, author = {Reilich, Julia}, title = {Returns to education and smoking}, url = {http://nbn-resolving.de/urn:nbn:de:kobv:517-opus-53883}, year = {2011}, 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 appear a lower average human capital level for smokers. According to a higher time-preference-rate additionally we suppose a higher return to education for smokers who go further on education. With our empirical findings we can confirm the presumptions. We use interactions-terms to regress the average rate of return with IV. Therefore we obtain that smokers have a significantly higher average return to education than non-smokers.}, language = {en} }