| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w8602 |
| 来源ID | Working Paper 8602 |
| Living Rationally Under the Volcano? An Empirical Analysis of Heavy Drinking and Smoking | |
| Peter Arcidiacono; Holger Sieg; Frank Sloan | |
| 发表日期 | 2001-11-01 |
| 出版年 | 2001 |
| 语种 | 英语 |
| 摘要 | This study investigates whether models of forward-looking behavior explain the observed patterns of heavy drinking and smoking of men in late middle age in the Health and Retirement Study better than myopic models. We develop and estimate a sequence of nested models which differ by their degree of forward-looking behavior. We also study models which allow for heterogeneity in discounting, and thus test whether certain types of individuals are more likely to show forward-looking behavior than other types. Our empirical findings suggest that forward-looking models with an annual discount factor of approximately 0.78 fit the data the best. These models also dominate other behavioral models based on out-of-sample predictions using data of men aged 70 and over. Myopic models predict rates of smoking and drinking for old individuals which are significantly larger than those found in the data on elderly men. |
| 主题 | Health, Education, and Welfare ; Health ; Econometrics ; Estimation Methods |
| URL | https://www.nber.org/papers/w8602 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/566208 |
| 推荐引用方式 GB/T 7714 | Peter Arcidiacono,Holger Sieg,Frank Sloan. Living Rationally Under the Volcano? An Empirical Analysis of Heavy Drinking and Smoking. 2001. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w8602.pdf（311KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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