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Workers' Compensation: Benefits, Costs, and Safety under Alternative Insurance Arrangements

Author

Listed:
  • Terry Thomason

    (University of Rhode Island)

  • Timothy P. Schmidle

    (Cornell University)

  • John F. Burton Jr.

    (Rutgers University)

Abstract

Thomason, Schmidle, and Burton make use of a unique data set to delve into how insurance arrangements affect several objectives of the workers' compensation (WC) program. They underscore the effects of deregulation and other changes in WC insurance pricing arrangements by performing empirical analyses that use state-specific cost, benefit, and injury data from 48 states for 1975-1995. This allows them to address the interactive relationships among the four objectives of WC systems adequacy of benefits, affordability of WC insurance, efficiency in the benefits delivery system, and prevention of workplace injuries and diseases and how various public policies adopted by states or the federal government work to achieve them.

Suggested Citation

  • Terry Thomason & Timothy P. Schmidle & John F. Burton Jr., 2001. "Workers' Compensation: Benefits, Costs, and Safety under Alternative Insurance Arrangements," Books from Upjohn Press, W.E. Upjohn Institute for Employment Research, number wc, November.
  • Handle: RePEc:upj:ubooks:wc
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    Citations

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    Cited by:

    1. Hyatt Henry R, 2011. "The Labor Supply Consequences of Employment-Limiting Social Insurance Benefits: New Tests for Income Effects," The B.E. Journal of Economic Analysis & Policy, De Gruyter, vol. 11(1), pages 1-31, May.

    More about this item

    Keywords

    workers' compensation; workers' comp; wc; insurance; workplace injuries; disabled workers;

    JEL classification:

    • I18 - Health, Education, and Welfare - - Health - - - Government Policy; Regulation; Public Health
    • J28 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Safety; Job Satisfaction; Related Public Policy

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