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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)

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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Bibliographic Info

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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

Contact details of provider:
Web page: http://mitpress.mit.edu

Related research

Keywords: smoking; social costs;

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Citations

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Cited by:
  1. Gregory J. Colman & Dahlia K. Remler, 2008. "Vertical equity consequences of very high cigarette tax increases: If the poor are the ones smoking, how could cigarette tax increases be progressive?," Journal of Policy Analysis and Management, John Wiley & Sons, Ltd., vol. 27(2), pages 376-400.
  2. Yu-Fu Chen & Dennis Petrie, 2012. "When to Quit Under Uncertainty? A real options approach to smoking cessation," Dundee Discussion Papers in Economics 272, Economic Studies, University of Dundee.
  3. Ayyagari Padmaja & Sindelar Jody L, 2010. "The Impact of Job Stress on Smoking and Quitting: Evidence from the HRS," The B.E. Journal of Economic Analysis & Policy, De Gruyter, vol. 10(1), pages 1-32, March.
  4. 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.
  5. 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.
  6. Michael Grossman, 2004. "Individual Behaviors and Substance Use: The Role of Price," NBER Working Papers 10948, National Bureau of Economic Research, Inc.
  7. DeCicca, Philip & McLeod, Logan, 2008. "Cigarette taxes and older adult smoking: Evidence from recent large tax increases," Journal of Health Economics, Elsevier, vol. 27(4), pages 918-929, July.
  8. Polansky, Jonathan R. & Glantz, Stanton A., 2012. "California film subsidies and on-screen smoking: Resolving the policy conflict," University of California at San Francisco, Center for Tobacco Control Research and Education qt0t9099dr, Center for Tobacco Control Research and Education, UC San Francisco.
  9. Ahmed Khwaja & Dan Silverman & Frank Sloan, 2006. "Time Preference, Time Discounting, and Smoking Decisions," NBER Working Papers 12615, National Bureau of Economic Research, Inc.
  10. Rosemary Avery & Donald Kenkel & Dean R. Lillard & Alan Mathios, 2006. "Private Profits and Public Health: Does Advertising Smoking Cessation Products Encourage Smokers to Quit?," NBER Working Papers 11938, National Bureau of Economic Research, Inc.
  11. Ahmed Khwaja & Frank Sloan & Sukyung Chung, 2006. "The Effects of Spousal Health on the Decision to Smoke: Evidence on Consumption Externalities, Altruism and Learning Within the Household," Journal of Risk and Uncertainty, Springer, vol. 32(1), pages 17-35, January.
  12. 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.
  13. David L. Weimer & Aidan R. Vining & Randall K. Thomas, 2009. "Cost-benefit analysis involving addictive goods: contingent valuation to estimate willingness-to-pay for smoking cessation," Health Economics, John Wiley & Sons, Ltd., vol. 18(2), pages 181-202.
  14. Samir Soneji & Gary King, 2011. "The future of death in America," Demographic Research, Max Planck Institute for Demographic Research, Rostock, Germany, vol. 25(1), pages 1-38, July.
  15. Viscusi, W. Kip & Hersch, Joni, 2008. "The mortality cost to smokers," Journal of Health Economics, Elsevier, vol. 27(4), pages 943-958, July.
  16. W. Viscusi, 2008. "How to value a life," Journal of Economics and Finance, Springer, vol. 32(4), pages 311-323, October.
  17. Frijters, Paul & Barón, Juan D., 2009. "Do the Obese Really Die Younger or Do Health Expenditures Buy Them Extra Years?," IZA Discussion Papers 4149, Institute for the Study of Labor (IZA).
  18. Martina Menon & Federico Perali & Luca Piccoli, 2012. "The Passive Drinking Effect: A Collective Demand Application," Working Papers 05/2012, University of Verona, Department of Economics.
  19. Frank Sloan & Alyssa Platt, 2011. "Information, risk perceptions, and smoking choices of youth," Journal of Risk and Uncertainty, Springer, vol. 42(2), pages 161-193, April.

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