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The Price of Smoking

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Author Info
Frank A. Sloan () (Duke University)
Jan Ostermann () (Duke University)
Christopher Conover () (Duke University)
Donald H. Taylor, Jr. () (Duke University)
Gabriel Picone () (University of South Florida)

Additional information is available for the following registered author(s):

Abstract

What does a pack of cigarettes cost a smoker, the smoker's family, and society? This longitudinal study on the private and social costs of smoking calculates that the cost of smoking to a 24-year-old woman smoker is $86,000 over a lifetime; for a 24-year-old male smoker the cost is $183,000. The total social cost of smoking over a lifetime—including both private costs to the smoker and costs imposed on others (including second-hand smoke and costs of Medicare, Medicaid, and Social Security)—comes to $106,000 for a woman and $220,000 for a man. The cost per pack over a lifetime of smoking: almost $40.00. The first study to quantify the cost of smoking in this way, or in such depth, this accessible book not only adds a weapon to the arsenal of antismoking messages but also provides a framework for assessment that can be applied to other health behaviors. The findings on the effects of smoking on Medicare and Medicaid will be surprising and perhaps controversial, for the authors estimate the costs to be much lower than the damage awards being paid to 46 states as a result of the 1998 Master Settlement Agreement.

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Publisher Info
Download reference. The following formats are available: HTML (with abstract), plain text (with abstract), BibTeX, RIS (EndNote, RefMan, ProCite), ReDIF
This book is provided by The MIT Press in its series MIT Press Books with number 0262693453 and published in 2006.

Volume: 1
Edition: 1
ISBN: 0-262-69345-3
Handle: RePEc:mtp:titles:0262693453

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Web page: http://mitpress.mit.edu

For technical questions regarding this item, or to correct its listing, contact: (Jake Furbush).

Related research
Keywords: smoking; social costs;

Find related papers by JEL classification:
I1 - Health, Education, and Welfare - - Health
Z1 - Other Special Topics - - Cultural Economics

Cited by:
(explanations, Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.)

  1. Michael Grossman, 2004. "Individual Behaviors and Substance Use: The Role of Price," NBER Working Papers 10948, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
  2. Ahmed Khwaja & Dan Silverman & Frank Sloan, 2006. "Time Preference, Time Discounting, and Smoking Decisions," NBER Working Papers 12615, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
    Other versions:
  3. Ahmed Khwaja & Frank Sloan & Sukyung Chung, 2007. "The relationship between individual expectations and behaviors: Mortality expectations and smoking decisions," Journal of Risk and Uncertainty, Springer, vol. 35(2), pages 179-201, October. [Downloadable!] (restricted)
  4. W. Viscusi, 2008. "How to value a life," Journal of Economics and Finance, Springer, vol. 32(4), pages 311-323, October. [Downloadable!] (restricted)
  5. Paul Frijters & Aydogan Ulker, 2008. "Robustness in Health Research: Do differences in health measures, techniques, and time frame matter?," NCER Working Paper Series 28, National Centre for Econometric Research. [Downloadable!]
    Other versions:
  6. Stanciole, Anderson, 2007. "Health Insurance and Life Style Choices: Identifying the Ex Ante Moral Hazard," IRISS Working Paper Series 2007-10, IRISS at CEPS/INSTEAD. [Downloadable!]
Statistics
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This page was last updated on 2009-11-5.


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