A Note on Smoking Behavior and Health Risk Taking

Christian Pfeifer

Abstract


This research note presents two economic frameworks to describe the relationship between individual health risk aversion and smoking behavior. Using a large-scale representative data set (GSOEP), direct empirical evidence is found that individuals, who are more health risk taking, are more likely to be smokers and have a higher demand for cigarettes smoked per day. Non-linear specifications of risk taking reveal, however, that the risk effects are only significant for high risk takers. The estimated effects hold also separately for men and women.


Keywords


cigarettes; health; risk aversion; smoking

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DOI: http://dx.doi.org/10.5617/njhe.195

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