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Cost Benefit Analysis Of Labor Risk Attention In The Mexican Institute Of Social Security Analisis Costo Beneficio De La Atencion Del Riesgo De Trabajo En El Instituto Mexicano Del Seguro Social

Author

Listed:
  • Flor de Maria Tavera Ramirez
  • Virginia Hernandez Silva
  • Maria Isabel Escobedo Lopez

Abstract

There exists convenience of addressing work risks without notifying the Mexican Social Security Institute (IMSS) to avoid the increase in the risk of work premium. Some 37 Mexican companies participated in this study. The cost-benefit relationship is established between increases in the cost of work risk insurance and the economic benefits the IMSS covers for the employer when a risk is covered. We found the work risk premium does not increase automatically because risk is configured. Indeed, there are cases where it decreases. Second, the Cost-Benefit relationship was established in the case of 90 days of disability, finding that one of the companies did not see its premium increased. In 28 of the remaining 36 the cost-benefit ratio was greater than one. For 29 of the companies analyzed, it is more economical for the employer to utilize IMSS despite the increase in cost of work risk insurance for the following fiscal period

Suggested Citation

  • Flor de Maria Tavera Ramirez & Virginia Hernandez Silva & Maria Isabel Escobedo Lopez, 2018. "Cost Benefit Analysis Of Labor Risk Attention In The Mexican Institute Of Social Security Analisis Costo Beneficio De La Atencion Del Riesgo De Trabajo En El Instituto Mexicano Del Seguro Social," Revista Internacional Administracion & Finanzas, The Institute for Business and Finance Research, vol. 11(3), pages 83-93.
    • Handle: RePEc:ibf:riafin:v:11:y:2018:i:3:p:83-93
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    More about this item

    Keywords

    Cost-benefit Analysis; Occupational Risk; Social Security;
    All these keywords.

    JEL classification:

    • H55 - Public Economics - - National Government Expenditures and Related Policies - - - Social Security and Public Pensions
    • J32 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs - - - Nonwage Labor Costs and Benefits; Retirement Plans; Private Pensions
    • D61 - Microeconomics - - Welfare Economics - - - Allocative Efficiency; Cost-Benefit Analysis

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