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risk of fatal hazards is fraught with problems. The theoretical basis for such estimates are flawed in a number of …
Persistent link: https://www.econbiz.de/10012475584
burden of injuries into its components, risk of injury and injury duration. In those industries where earnings rose … interindustry wage differentials narrowed, a decline that was associated with an increase in the relative risk of injury in high …
Persistent link: https://www.econbiz.de/10012472289
Wage-hedonics is used to recover the value of a statistical life by exploiting the fact that workers choosing riskier occupations will be compensated with a higher wage. However, Roy (1951) suggests that observed wage distributions will be distorted if individuals select into jobs according to...
Persistent link: https://www.econbiz.de/10012464284
In this paper we test for the existence of compensating differentials for unemployment risk in an era before …
Persistent link: https://www.econbiz.de/10012468720
This paper provides an analysis and summary of the effects of the Workers' Compensation (WC) system on wages and work injury experience. It stresses how lessons learned from other forms of social insurance can be applied to research on WC. I begin with a brief overview of the characteristics of...
Persistent link: https://www.econbiz.de/10012477548
This paper develops and tests a three-equation simultaneous model of OSHA enforcement behavior, industrial compliance and workplace injuries. The enforcement equation is based on the assumption that OSHA acts as a political institution that gains support through the transfer of wealth from firms...
Persistent link: https://www.econbiz.de/10012478152
understanding the effects of these types of arrangements on employment and earnings risk for workers and the potential for existing … social insurance programs to address this risk. We study employment and earnings risk in the context of workplace injuries … employment and earnings risk posed by workplace injuries, comparing labor market outcomes after injury between temporary and …
Persistent link: https://www.econbiz.de/10012479938
We exploit recent decades of US state-level reforms to the generosity of workers' compensation programs to estimate the associated moral hazard, utilizing an event- study design and analyzing 9 separate reform categories. The reforms vary - some affecting benefit size, some the probability of...
Persistent link: https://www.econbiz.de/10012482406
In addition to traditional forms of private and public medical insurance, two other large programs help pay for costs associated with ill health. In 2007, Workers Compensation (WC) insurance provided $55.4 billion in medical care and cash benefits to employees who are injured at work or contract...
Persistent link: https://www.econbiz.de/10012462756
Despite the adoption of no-fault Workers' Compensation legislation in most states, there is substantial litigation over the issue of employer liability for injury claims. We develop a sequential asymmetric information model of liability disputes and estimate the model using data on injury claims...
Persistent link: https://www.econbiz.de/10012466753