dc.contributor.author | Viscusi, W. Kip | |
dc.date.accessioned | 2015-11-05T23:18:10Z | |
dc.date.available | 2015-11-05T23:18:10Z | |
dc.date.issued | 1999 | |
dc.identifier.citation | 42 J.L. & Econ. 575 (1999) | en_US |
dc.identifier.uri | http://hdl.handle.net/1803/7265 | |
dc.description | article published in law journal | en_US |
dc.description.abstract | The estimated health risks from smoking have significant external financial consequences
for society. Studies at the national level indicate that cigarettes are selffinancing since external costs such as those due to illnesses are offset by cost savings associated with premature death, chiefly pension costs. This paper extends this analysis to all 50 states and considers the costs considered in the state attorneys general suits against the cigarette industry. Cigarettes are always self-financing from the standpoint of costs to each state. The extent of the cost savings is less than at the federal level. However, smokers' higher medical costs are outweighed by reduced nursing home expenditures, lower pension costs, and excise taxes, where each of these factors alone usually exceeds the medical cost effect. | en_US |
dc.format.extent | 1 PDF (37 pages) | en_US |
dc.format.mimetype | application/pdf | |
dc.language.iso | en_US | en_US |
dc.publisher | Journal of Law and Economics | en_US |
dc.subject.lcsh | Smoking -- Economic aspects -- United States | en_US |
dc.subject.lcsh | Smoking -- Health aspects -- United States | en_US |
dc.subject.lcsh | Products liability -- Tobacco -- United States | en_US |
dc.subject.lcsh | Tobacco industry -- Law and legislation -- United States | en_US |
dc.subject.lcsh | Cigarette industry -- Law and legislation -- United States | en_US |
dc.subject.lcsh | Health insurance -- United States | en_US |
dc.subject.lcsh | Medical care, Cost of -- United States | en_US |
dc.title | The Governmental Composition of the Insurance Costs of Smoking | en_US |
dc.type | Article | en_US |
dc.publisher.uri | http://www.press.uchicago.edu/ucp/journals/journal/jle.html | en_US |