Outcome | Total | Income quintile I | Income quintile II | Income quintile III | Income quintile IV | Income quintile V |
Simulated tax scenario 1: specific excise tax equal 50% of retail price of cigarettes | ||||||
Years of life gained | 245 000 | 62 000 (25%) | 59 000 (24%) | 54 000 (22%) | 40 000 (16%) | 30 000 (12%) |
Change in annual tax revenues* | 933 000 | 93 000 (10%) | 157 000 (17%) | 197 000 (21%) | 207 000 (22%) | 278 000 (30%) |
Change in annual household tobacco expenditure* | 846 000 | 69 000 (8%) | 128 000 (15%) | 175 000 (21%) | 196 000 (23%) | 278 000 (33%) |
Simulated tax scenario 2: specific excise tax equal to 70% of retail price of cigarettes | ||||||
Years of life gained | 479 000 | 120 000 (25%) | 114 000 (24%) | 105 000 (22%) | 79 000 (17%) | 61 000 (13%) |
Change in annual tax revenues* | 1 062 000 | 9 000 (1%) | 90 000 (9%) | 197 000 (19%) | 282 000 (27%) | 484 000 (46%) |
Change in annual household tobacco expenditure* | 606 000 | −82 000 | −26 000 | 88 000 | 203 000 | 422 000 |
*In COP$ million, these estimates are for year 1 after tax policy increases.
The distribution of outcomes across income quintiles is provided in parentheses (except for the change in annual household tobacco expenditure in the 70% specific excise tax scenario where decreases in cigarette consumption are estimated for the bottom two income quintiles).