Compensation Mechanisms for Job Risks (eBook)

Wages, Workers' Compensation, and Product Liability

Michael J. Moore, W. Kip Viscusi (Autoren)

eBook Download: PDF

2014
208 Seiten
Princeton University Press (Verlag)
978-1-4008-6085-2 (ISBN)

Infos

In this major new work, Michael J. Moore and W. Kip Viscusi explore the question, "e;How are workers compensated for exposing themselves to the risk of physical injury while on the job?"e; The authors detail the diverse nature of labor market responses to job risks and the important role played by compensation-for-risk mechanisms. Following an overview of the literature, they present a number of unprecedented results. Comprehensive and systematic discussions of issues such as wage-risk tradeoffs, the effects of workers' compensation on wages and risk, the role of unions, and the role of product liability suits in job-related injuries make the volume an essential work for all those interested in risk policy and workplace safety. Among the major results presented for the first time are the first estimates of the value of life derived from recently released occupational fatality risk data from the National Traumatic Occupational Fatality Survey. From these same data the authors also demonstrate that higher workers' compensation benefit levels significantly reduce fatalities on the job--a finding that challenges virtually every other treatment of this topic.Originally published in 1990.The Princeton Legacy Library uses the latest print-on-demand technology to again make available previously out-of-print books from the distinguished backlist of Princeton University Press. These editions preserve the original texts of these important books while presenting them in durable paperback and hardcover editions. The goal of the Princeton Legacy Library is to vastly increase access to the rich scholarly heritage found in the thousands of books published by Princeton University Press since its founding in 1905.

Produkt-Details

• Erscheint lt. Verlag: 14.7.2014
• Reihe/Serie: Princeton Legacy Library
• Reihe/Serie: Princeton Legacy Library
• Verlagsort: Princeton
• Sprache: englisch
• Themenwelt: Sachbuch/Ratgeber ► Beruf / Finanzen / Recht / Wirtschaft ► Geld / Bank / Börse
• Themenwelt: Recht / Steuern ► Arbeits- / Sozialrecht ► Arbeitsrecht
• Themenwelt: Recht / Steuern ► EU / Internationales Recht
• Themenwelt: Sozialwissenschaften ► Politik / Verwaltung
• Themenwelt: Wirtschaft ► Volkswirtschaftslehre ► Makroökonomie
• Schlagworte: Ability to pay • Accidental death and dismemberment insurance • actuarial valuation • Bargaining Problem • Bureau of Labor Statistics • Calculation • Collateral source rule • Compensating differential • Correlation and dependence • Cost–benefit analysis • Cost curve • cost-effectiveness analysis • Cost Estimate • cost reduction • Course of employment • disability insurance • Discounts and allowances • Dummy variable (statistics) • economic forces • Economic Rent • Economics • Employment • Endogeneity (econometrics) • estimation • expected value • Expense • Federal Insurance Contributions Act tax • Human Capital • Implicit Cost • income • Income elasticity of demand • Income Risk • indemnity • Industry Group • Inflation • instrumental variable • insurance • Job Security • Labour Economics • Labour Supply • Layoff • Marginal product • marginal utility • Marginal value • Market Failure • Market Mechanism • Market rate • Market Value • Moral Hazard • National Council on Compensation Insurance • Occupational fatality • Occupational Safety and Health • Offer curve • Option value (cost–benefit analysis) • Pain and Suffering • Payment • plaintiff • Policy • Present Value • price level • Principal–agent problem • Principal Component Analysis • Probability • Production Function • Product Liability • Quantity adjustment • Real versus nominal value (economics) • Relative value (economics) • replacement rate • risk assessment • Risk Aversion • Risk compensation • Risk Management • Risk Perception • Risk Premium • Social Insurance • statistical significance • Subrogation • Supervisor • Supplementary Benefit • Supply (economics) • Tax • Tax Rate • The True Cost • time preference • Total Cost • Trade-off • Trade Union • transaction cost • Underwriting • Unemployment • Unemployment benefits • Utility • Value of Life • wage • welfare • Willingness to pay • Workers' compensation • Worker's compensation (Germany) • Workforce
• ISBN-10: 1-4008-6085-7 / 1400860857
• ISBN-13: 978-1-4008-6085-2 / 9781400860852