A major factor contributing to smoking initiation and experimentation by teenagers is the ability to 'bum' cigarettes. Yet research until now has ignored the impact of a lending/borrowing market on the smoking decisions of teenagers. In this paper, we develop a theoretical model where smoking...

A major factor contributing to smoking initiation and experimentation by teenagers is the ability to 'bum' cigarettes. Yet research until now has ignored the impact of a lending/borrowing market on the smoking decisions of teenagers. In this paper, we develop a theoretical model where smoking...

The social environment inherent in schools impacts both alcohol consumption onset and high school completion. The results reported here, based on data from the 1979-96 NLSY panels, show that the social coincidences between alcohol consumption and education are important determinants of both...