The unexpected economic impact of smoking

A study conducted by Finnish economists revealed that smokers were less of a burden on the economy due to their shorter life spans and lower retirement pension costs. Despite being less productive and having higher healthcare expenses, smokers contributed more in taxes and had a higher net contribution to public finances compared to non-smokers. However, when the economists included the value of human life in their analysis, the results reversed. This study highlights the challenging trade-offs in economics, where what is best for individuals may not align with what is best for society.