The Structure and Distribution of Household Wealth in Australia

Wooden, Mark; Headey, Bruce; Marks, Gary

doi:10.1111/j.1467-8462.2005.00363.x

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The Structure and Distribution of Household Wealth in Australia

Author(s): Bruce Headey , Gary Marks , Mark Wooden

Publication date Created: June 2005

Publication date (Print): June 2005

Journal: The Australian Economic Review

Publisher: Wiley-Blackwell

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A Theory of Rational Addiction

Gary S. Becker, Kevin M. Murphy (1988)

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A pint a day raises a man's pay; but smoking blows that gain away.

Edwin van den Oord (2004)

This paper studies the wage effects of the use of alcohol and tobacco. The analysis based on a recent survey in The Netherlands shows that for males the use of tobacco has a negative wage effect of about 10% while the use of alcohol has a positive wage effect of about the same size. The wages of females are not affected by smoking and drinking.