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Economics and cigarettes.

T C Schelling

    Preventive Medicine
    |September 1, 1986
    PubMed
    Summary

    This study quantifies the economic impact of cigarette smoking, including health costs and revenue generation. It highlights challenges in valuing health outcomes and the complex economic considerations surrounding tobacco use.

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    Area of Science:

    • Public Health Economics
    • Health Policy Analysis

    Background:

    • Cigarette smoking presents significant public health challenges with substantial economic ramifications.
    • Understanding the full economic burden of smoking is crucial for informed policy decisions.

    Purpose of the Study:

    • To summarize economic facts on cigarette consumption and production.
    • To review the health consequences of smoking and discuss them in economic terms.
    • To examine the economic benefits and revenue generated by the cigarette industry.

    Main Methods:

    • An "accounting framework" was used to categorize economic consequences.
    • Inclusion criteria for economic consequences were considered, alongside challenges in valuation.
    • Analysis included direct costs, indirect costs, and revenue generation.

    Main Results:

    • Economic impacts encompass lost lives, lost livelihoods, medical costs, and regulatory expenses.
    • Assigning monetary value to life extension and attributing disease costs to smoking pose significant challenges.
    • Cigarette purchases contribute to federal and state revenue and generate economic benefits through industry employment.

    Conclusions:

    • The economic impact of smoking is multifaceted, involving substantial costs and economic benefits.
    • Accurate economic assessment requires careful consideration of valuation difficulties and the scope of consequences.
    • Policy decisions must weigh the extensive economic costs against industry benefits and government revenue.

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