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Long‐term time‐series data show a strong negative correlation between obesity and smoking prevalence, which may not reflect the causality. Many heavy smokers claim that smoking helps them maintain a slim body and keep smoking despite the health risks. Using the Japan Household Panel Survey, this study investigates the causal effect of smoking on body shapes by exogenous variations of Japan's smoking...
This paper studies the causal effect of education on intergenerational transfers from/to adult children. Using micro‐data from the China Health and Retirement Longitudinal Study, we use exogenous variations in parents' schooling induced by China's Great Famine to take account of the endogeneity of education and then estimate the effect of schooling on the probability of receiving/giving transfers...