Now showing items 1-5 of 5
Workers' Compensation: Wage Effects, Benefit Inadequacies, and the Value of Health Losses
(The Review of Economics and Statistics, 1987)
Using the 1977 Quality of Employment Survey in conjunction with BLS risk series and state workers' compensation benefit formulas, the authors assess the labor market implications of workers' compensation. Higher levels of ...
Product Liability, Research and Development, and Innovation
(The Journal of Political Economy, 1993)
Product liability ideally should promote efficient levels of product safety, but misdirected liability efforts may depress beneficial innovations. This paper examines these competing effects of liability costs on product ...
Promoting Safety Through Workers' Compensation: The Efficacy and Net Wage Costs of Injury Insurance
(The RAND Journal of Economics, 1989)
This article explores the effects of workers' compensation on fatality rates and wages using the 1982 Panel Study of Income Dynamics and the new occupational fatality data issued by the National Institute for Occupational ...
Worker Learning and Compensating Differentials
(Industrial and Labor Relations Review, 1991)
In the standard compensating wage differential model, workers value their wage and workers' compensation components based on full job risk information. Market forces generate positive wage differentials as ex ante compensation ...
A Statistical Profile of Pharmaceutical Industry Liability, 1976-1989
(Seton Hall Law Review, 1994)
There is little question that the imposition of constraints on awards and other pro-defendant changes in the liability regime will reduce liability costs. However, the patterns observed in the federal courts are quite ...