Hai, Rong; Heckman, James J. - National Bureau of Economic Research - 2022
reciprocal causal effects of addiction and education. Variations in endowments and cigarette prices are sources of identification …We develop and estimate a life-cycle model in a rational addiction framework where youth choose to smoke, attend school …. We show that education causally reduces smoking. A counterfactual experiment finds that in absence of cigarettes, college …