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...

Intro -- Contents -- Foreword -- A Selected Bibliography of Terry Thomason's Publications -- 1 - Introduction, by Karen Roberts -- 2 - Economic Incentives and Workplace Safety, by Terry Thomason -- 3 - The Adequacy of Workers' Compensation Cash Benefits, by Leslie I. Boden, Robert T. Reville,...

A prominent theoretical controversy in the compensating differentials literature concerns unobservable individual productivity. Competing models yield opposite predictions depending on whether the unobservable productivity is safety-related skill or productivity generally. Using five panel waves...

Meta-regression estimates of the value of a statistical life (VSL) controlling for publication selection bias yield bias-corrected estimates of VSL that are higher for labor market studies using the more recent Census of Fatal Occupational Injuries (CFOI) data. These results are borne out by the...

Tort law deals in lumps. It responds not to the innumerable fine-grained acts of risk creation that each of us performs every day but rather to large, discrete, harmful events — “accidents.” And it responds to those events in a binary way, converting unruly facts into an on/off judgment...