@TechReport{iza:izadps:dp10953,
            	author={Kaiser, Micha and Reutter, Mirjam and Sousa-Poza, Alfonso and Strohmaier, Kristina},
            	title={Smoking and the Business Cycle: Evidence from Germany},
            	year={2017},
	month={Aug},
            	institution={Institute of Labor Economics (IZA)},
            	address={Bonn},
            	type={IZA Discussion Paper},
            	number={10953},
            	url={https://www.iza.org/index.php/publications/dp10953},
	abstract={In this paper, we use data from the German Socio-Economic Panel to investigate the effect on cigarette consumption of macro-economic conditions in the form of regional unemployment rates. The results from our panel data models, several of which control for selection bias, indicate that the propensity to become a smoker increases significantly during an economic downturn, with an approximately 0.7 percentage point increase for each one percentage point rise in the unemployment rate. Conversely, conditional on the individual being a smoker, cigarette consumption decreases during recessions, with a one percentage point increase in the regional unemployment rate leading to an up to 0.8 percent decrease in consumption.},
	keywords={unemployment;smoking;business cycle},
            }