Using National Longitudinal Survey of Youth data, the authors examine the effect of smoking on wages. Their analysis controls for differences in observed and unobserved individual characteristics that may be correlated with both smoking and wages, person-specific characteristics that are...

Using National Longitudinal Survey of Youth data, the authors examine the effect of smoking on wages. Their analysis controls for differences in individual characteristics that may be correlated with both smoking and wages, including unobservable person-specific characteristics that are constant...