Who Needs Gum And Patches?Gene Koretz
The Clinton Administration's proposed 75 cents-per-pack increase in the federal cigarette tax isn't likely to be revived soon, but that hasn't stopped economists Frank Chaloupka and Henry Wechsler from calculating its impact on smokers. Their recent National Bureau of Economic Research study based on a 1993 survey of U.S. college students concludes that the tax hike (if fully passed on to smokers) would have cut smoking among students by 30%.
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