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Abstinence, Excess, Success?: Alcohol, Cigarettes, Wedlock and Earnings

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  • Sam Cameron
  • Damian Ward

Abstract

The effects of smoking, drinking and marriage on individuals? earnings are estimated for the UK labour force for 1974, 1984 and 1994. Smokers are found to incur a wage discount; drinkers a wage premium and married individuals a wage premium with a discount for the first child. Such results are interesting given numerous governments? policy interests in the activities of smoothing, drinking and the institution of marriage.

Suggested Citation

  • Sam Cameron & Damian Ward, 2000. "Abstinence, Excess, Success?: Alcohol, Cigarettes, Wedlock and Earnings," Economic Issues Journal Articles, Economic Issues, vol. 5(2), pages 37-52, September.
  • Handle: RePEc:eis:articl:200cameron
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    File URL: http://www.economicissues.org.uk/Files/2001/200dCameron.pdf
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    References listed on IDEAS

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    1. Michael Spackman, 2004. "Time discounting and of the cost of capital in government," Fiscal Studies, Institute for Fiscal Studies, vol. 25(4), pages 467-518, December.
    2. Martin L. Weitzman, 2001. "Gamma Discounting," American Economic Review, American Economic Association, vol. 91(1), pages 260-271, March.
    3. Weitzman, Martin L., 1998. "Why the Far-Distant Future Should Be Discounted at Its Lowest Possible Rate," Journal of Environmental Economics and Management, Elsevier, vol. 36(3), pages 201-208, November.
    4. Graciela Chichilnisky, 1997. "What Is Sustainable Development?," Land Economics, University of Wisconsin Press, vol. 73(4), pages 467-491.
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