In this study we provide evidence on the e¤ect of alcohol consumption on occupational attainment and wages in England. To do this we use a pooled sample of employees from the Health Survey for England of 1994, 1995 and 1996. Using the technique of Instrumental Variables we …nd positive returns to moderate levels of drinking that drop-o¤ rapidly as consumption increases. This result holds when we use a restricted sample consisting of only those individuals with consumption patterns that have remained constant over a …ve year period. JEL classi…cation: C51; I12; J24

ISSN 0924-7815A pint a day raises a man’s pay; but smoking blows that gain away Jan C. van Ours ¤

A pint aday raises a man's pay, but smoking blows that gain away

pint a day raises your pay; but smoking blows that gain away