Alcohol Use, Human Capital, and Wages
构建并估计了一个工资决定模型，分析酒精使用通过人力资本积累对工资的影响。估计结果显示，在校或工作中的适度饮酒对教育或经验的回报有正面作用，但重度饮酒会略微削弱这种收益。
This article develops and estimates a model of wage determination that isolates the effects of alcohol use on wages as mediated through human capital accumulation. Although generally insignificant, estimation results suggest that moderate alcohol use while in school or working has a positive effect on the returns to education or experience, and therefore on human capital accumulation, but heavier drinking reduces this gain slightly. Based on these results, alcohol use does not appear to adversely affect returns to education or work experience and therefore has no negative effect on the efficiency of education or experience in forming human capital.