G2TT
来源类型Working Paper
规范类型报告
DOI10.3386/w4949
来源IDWorking Paper 4949
Education and Health: Where There's Smoke There's an Instrument
William N. Evans; Edward Montgomery
发表日期1994-12-01
出版年1994
语种英语
摘要Victor Fuchs has suggested that the persistent positive correlation between education and health habits can be explained by interpersonal differences in the discount rate. If Fuchs is correct, some health habits can be used as instruments for education in standard wage equations. We use whether an individual smoked at age 18 in such a fashion. The instrument is strongly correlated with years of education, and IV estimates of the return to schooling are 10 percent larger than the OLS estimates. We fail to reject tests of overidentifying restrictions, show how the smoking/education link varies systematically across age cohorts and income groups, and demonstrate that the instrument is correlated with other intertemporal decisions such as home ownership. The results are replicated in four additional data sets, and for both males and females.
主题Labor Economics ; Labor Compensation ; Health, Education, and Welfare ; Education
URLhttps://www.nber.org/papers/w4949
来源智库National Bureau of Economic Research (United States)
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资源类型智库出版物
条目标识符http://119.78.100.153/handle/2XGU8XDN/562372
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GB/T 7714
William N. Evans,Edward Montgomery. Education and Health: Where There's Smoke There's an Instrument. 1994.
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