Returns to education and smoking
- 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.
Author details: | Julia ReilichGND |
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URN: | urn:nbn:de:kobv:517-opus-53883 |
Subtitle (English): | evidence from Germany |
Publication series (Volume number): | Volkswirtschaftliche Diskussionsbeiträge (103) |
Publication type: | Working Paper |
Language: | English |
Publication year: | 2011 |
Publishing institution: | Universität Potsdam |
Release date: | 2011/09/15 |
RVK - Regensburg classification: | QD 100 |
Organizational units: | Wirtschafts- und Sozialwissenschaftliche Fakultät / Wirtschaftswissenschaften |
DDC classification: | 3 Sozialwissenschaften / 33 Wirtschaft / 330 Wirtschaft |
License (German): | Keine öffentliche Lizenz: Unter Urheberrechtsschutz |