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Marriage as a Mechanism of Internalizing Externalities: A Case of Smoking

Marriage as a Mechanism of Internalizing Externalities: A Case of Smoking AbstractWith the view of marriage as a legal institution to internalize externalities, I examine the effect of marriage on smoking. From analyzing the data of Panel Study of Income Dynamics, I found that unmarried individuals are more likely to smoke by 4.9% point than married individuals with stronger impact on females. The long-run impact of marriage also shows that the unmarried individuals smoke more than married individuals but some of its positive impact diminishes within two years. These results on the whole imply that marriage internalizes the negative externalities of smoking and thus leads smokers to reduce smoking. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Asian Journal of Law and Economics de Gruyter

Marriage as a Mechanism of Internalizing Externalities: A Case of Smoking

Asian Journal of Law and Economics , Volume 12 (2): 23 – Aug 23, 2021

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Publisher
de Gruyter
Copyright
© 2021 Walter de Gruyter GmbH, Berlin/Boston
ISSN
2154-4611
eISSN
2154-4611
DOI
10.1515/ajle-2021-0022
Publisher site
See Article on Publisher Site

Abstract

AbstractWith the view of marriage as a legal institution to internalize externalities, I examine the effect of marriage on smoking. From analyzing the data of Panel Study of Income Dynamics, I found that unmarried individuals are more likely to smoke by 4.9% point than married individuals with stronger impact on females. The long-run impact of marriage also shows that the unmarried individuals smoke more than married individuals but some of its positive impact diminishes within two years. These results on the whole imply that marriage internalizes the negative externalities of smoking and thus leads smokers to reduce smoking.

Journal

Asian Journal of Law and Economicsde Gruyter

Published: Aug 23, 2021

Keywords: externalities; internalization; marriage; relapse; smoking

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