Advanced Search
MyIDEAS: Login

Is Injury Compensation Excessive?

Contents:

Author Info

  • Peter Ableson

    ()
    (Department of Economics, Macquarie University)

Registered author(s):

    Abstract

    There is widely perceived to be a public liability crisis in Australia. This paper analyses whether court awards for injuries are excessive. The paper has two main parts. The first part outlines a normative basis for the sizes of awards based on the principles of welfare economics and the amounts that individuals would be willing to pay to avoid injuries. It shows the kinds of compensation sums that would be involved for 28 typical injuries ranging from broken arms and legs to quadriplegia and severe brain damage. The second part of the paper analyses 397 court awards for injuries greater than $250 000 in NSW from 1991 to mid-2002, for which award details were readily available. This includes 101 awards for traffic accidents, 64 awards for workers compensation, and 27 awards for personal injury. The paper concludes that court awards are generally not excessive.

    Download Info

    If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
    File URL: http://www.econ.mq.edu.au/research/2003/Abelson_6_2003.pdf
    File Function: First Version, 2003
    Download Restriction: no

    Bibliographic Info

    Paper provided by Macquarie University, Department of Economics in its series Research Papers with number 0306.

    as in new window
    Length: 16 pages.
    Date of creation: Jul 2003
    Date of revision:
    Handle: RePEc:mac:wpaper:0306

    Contact details of provider:
    Postal: Sydney NSW 2109
    Web page: http://www.econ.mq.edu.au/
    More information through EDIRC

    Related research

    Keywords: health states; injury; compensation;

    References

    No references listed on IDEAS
    You can help add them by filling out this form.

    Citations

    Lists

    This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

    Statistics

    Access and download statistics

    Corrections

    When requesting a correction, please mention this item's handle: RePEc:mac:wpaper:0306. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Helen Boneham).

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If references are entirely missing, you can add them using this form.

    If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.