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Direct linkHai, Rong; Heckman, James J. – National Bureau of Economic Research, 2022
We develop and estimate a life-cycle model in a rational addiction framework where youth choose to smoke, attend school, work part-time, and consume while facing borrowing constraints. The model features multiple channels for studying the reciprocal causal effects of addiction and education. Variations in endowments and cigarette prices are…
Descriptors: Smoking, Addictive Behavior, Health Education, Program Effectiveness
