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The effects of a bonus-malus workers' compensation system on the labor force structure, productivity, and welfare

Author

Listed:
  • Coralia Quintero Rojas

    (University of Guanajuato)

  • Sébastien Ménard

    (Université du Maine)

Abstract

This paper investigates the economic impact of adjusting premiums of workers' compensation systems, according to the firms' absenteeism rates. We develop a search and matching economy where workers are identical, but firms differ in terms of their Occupational Safety and Health (OSH). We show that this policy allows productivity, employment, and welfare to be improved.

Suggested Citation

  • Coralia Quintero Rojas & Sébastien Ménard, 2018. "The effects of a bonus-malus workers' compensation system on the labor force structure, productivity, and welfare," Economics Bulletin, AccessEcon, vol. 38(2), pages 712-719.
    • Handle: RePEc:ebl:ecbull:eb-18-00035
    as

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    References listed on IDEAS

    as
    1. Christopher A. Pissarides, 2000. "Equilibrium Unemployment Theory, 2nd Edition," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262161877, December.
    2. Strand, Jon, 2000. "Wage bargaining and turnover costs with heterogeneous labor and asymmetric information1," Labour Economics, Elsevier, vol. 7(1), pages 95-116, January.
    3. Strand, Jon, 2002. "Wage bargaining and turnover costs with heterogenous labor and perfect history screening," European Economic Review, Elsevier, vol. 46(7), pages 1209-1227, July.
    4. Christopher A. Pissarides & Barbara Petrongolo, 2001. "Looking into the Black Box: A Survey of the Matching Function," Journal of Economic Literature, American Economic Association, vol. 39(2), pages 390-431, June.
    5. Gilles Joseph, 2005. "Critères d'attribution des allocations chômage et performances du marché du travail," Annals of Economics and Statistics, GENES, issue 78, pages 117-141.
    6. Samir Amine & Pedro Lages Dos Santos, 2010. "Technological choices and unemployment benefits in a matching model with heterogenous workers," Journal of Economics, Springer, vol. 101(1), pages 1-19, September.
    7. Ose, Solveig Osborg, 2005. "Working conditions, compensation and absenteeism," Journal of Health Economics, Elsevier, vol. 24(1), pages 161-188, January.
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    Keywords

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    JEL classification:

    • I1 - Health, Education, and Welfare - - Health
    • H2 - Public Economics - - Taxation, Subsidies, and Revenue

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