Chapter

The Financial Costs of Smoking to Society

in Smoke-Filled Rooms

Published by University of Chicago Press

Published in print June 2002 | ISBN: 9780226857473
Published online March 2013 | e-ISBN: 9780226857480 | DOI: http://dx.doi.org/10.7208/chicago/9780226857480.003.0004
The Financial Costs of Smoking to Society

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This chapter provides a careful examination of the social costs of smoking. Exploring the functioning of the cigarette tax mechanism and its incidence is also essential to understanding the damages claims in the state lawsuits against the cigarette industry. The linchpin of the analysis is that cigarettes are expected to harm one's health. These adverse health effects often have surprising financial consequences. The increased public concern with the risks of smoking has led to two major changes in the characteristics of cigarette smoking. First, cigarette smoking is much less prevalent now than it was in the past. Second, the kinds of cigarettes people smoke are quite different from those smoked decades earlier. Furthermore, this chapter reviews the changing history of the tar levels in cigarettes and the implications of this shift for the potential riskiness of cigarette smoking.

Keywords: smoking; cigarette; social costs; state lawsuits; financial

Chapter.  7915 words. 

Subjects: Company and Commercial Law

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