Valuing the Cost of Smoking

Assessment Methods, Risk Perception and Policy Options

  • Claude Jeanrenaud
  • Nils Soguel

Part of the Studies in Risk and Uncertainty book series (SIRU, volume 13)

Table of contents

  1. Front Matter
    Pages i-viii
  2. Introduction

    1. Claude Jeanrenaud, Nils Soguel
      Pages 1-7
  3. Concepts and Methods

  4. Country Studies

    1. Front Matter
      Pages 109-109
    2. Markku Pekurinen
      Pages 111-126
    3. France Priez, Claude Jeanrenaud, Sarino Vitale, Andreas Frei
      Pages 127-143
  5. Risk Perception, Demand and Taxation

    1. Front Matter
      Pages 149-149
    2. W. Kip Viscusi
      Pages 151-164

About this book


CLAUDEJEANRENAUD NILS SOGUEL Smoking is a very common habit all over the world. The prevalence rate ranges from 20% - 40% in industrialised countries, and is dramatically increasing in the developing world. Smoking is risky and there is ample scientific evidence to support this statement. We know that smoking is a major cause of disease and premature death, in view of the fact that 3 million people die each year worldwide as a result of their smoking habit. Twenty years ago, the U. S. Surgeon General identified smoking as the single most important cause of morbidity and premature death (USDHEW, 1979). Tobacco consnmption reduces life expectancy vastly. Epidemiological research shows that people who have died from a smoking-related disease would, on average, have lived for an additional 15 years had they not been smokers (Warner, 1987). The economic analysis of tobacco consumption is a complex and challenging issue, which entails addressing many different questions. What is the economic burden of smoking and do smokers "pay their way"? How do individuals perceive their own health risks? What is the effect of the addicting properties of nicotine on the behaviour of a rational, utility­ maximizing individual? Lastly, what is the most effective way to discourage tobacco consumption? In this context, the assessment of the social burden of smoking using a cost-of-illness framework has played a central role since the beginning of the seventies.


Options Switzerland USA assessment care demography design health health care human capital information taxation utility valuation value-at-risk

Editors and affiliations

  • Claude Jeanrenaud
    • 1
  • Nils Soguel
    • 2
  1. 1.Institut de recherches économiques et régionalesUniversité de NeuchâtelSwitzerland
  2. 2.IDHEAPUniversité de LausanneSwitzerland

Bibliographic information

  • DOI
  • Copyright Information Kluwer Academic Publishers 1999
  • Publisher Name Springer, Dordrecht
  • eBook Packages Springer Book Archive
  • Print ISBN 978-94-010-5898-8
  • Online ISBN 978-94-011-4415-5
  • Series Print ISSN 0926-972X
  • Buy this book on publisher's site
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