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Analysis of the Economic Impact of Medical and Optometric Driving Standards on Costs Incured by Trucking Firms and on the Social Costs of Traffic Accidents

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  • Dionne, G.
  • Laberge-Nadeau, C.
  • Desjardins, D.
  • Messier, S.
  • Maag, U.

Abstract

Recent studies do not agree on the possible relationship between medical conditions and traffic safety; most of them do not control for exposure factors. In this study, we estimate the effect of different medical conditions (namely diabetes, high blood pressure, coronary disease and monocular vision) on the distribution of accidents of truck drivers. Our data and our model permit the simultaneous control for age, medical conditions and other characteristics of the truck drivers; exposure factors measured by hours, kilometers, and qualitative factors; and of the circumstances surrounding accidents described in police reports.

Suggested Citation

  • Dionne, G. & Laberge-Nadeau, C. & Desjardins, D. & Messier, S. & Maag, U., 1998. "Analysis of the Economic Impact of Medical and Optometric Driving Standards on Costs Incured by Trucking Firms and on the Social Costs of Traffic Accidents," Ecole des Hautes Etudes Commerciales de Montreal- 98-06, Ecole des Hautes Etudes Commerciales de Montreal-Chaire de gestion des risques..
    • Handle: RePEc:fth:etcori:98-06
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    References listed on IDEAS

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    1. Viscusi, W Kip & Moore, Michael J, 1987. "Workers' Compensation: Wage Effects, Benefit Inadequacies, and the Value of Health Losses," The Review of Economics and Statistics, MIT Press, vol. 69(2), pages 249-261, May.
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    4. Gourieroux, Christian & Monfort, Alain & Trognon, Alain, 1984. "Pseudo Maximum Likelihood Methods: Theory," Econometrica, Econometric Society, vol. 52(3), pages 681-700, May.
    5. Gourieroux, Christian & Monfort, Alain & Trognon, Alain, 1984. "Pseudo Maximum Likelihood Methods: Applications to Poisson Models," Econometrica, Econometric Society, vol. 52(3), pages 701-720, May.
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    Cited by:

    1. Angers, Jean-François & Desjardins, Denise & Dionne, Georges & Guertin, François, 2006. "Vehicle and Fleet Random Effects in a Model of Insurance Rating for Fleets of Vehicles," ASTIN Bulletin, Cambridge University Press, vol. 36(1), pages 25-77, May.
    2. Denise Desjardins & Georges Dionne & Yang Lu, 2023. "Hierarchical random‐effects model for the insurance pricing of vehicles belonging to a fleet," Journal of Applied Econometrics, John Wiley & Sons, Ltd., vol. 38(2), pages 242-259, March.

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    More about this item

    Keywords

    ACCIDENTS ; AGE ; HUMAN CAPITAL ; COSTS ; HEALTH ; TRAFFIC ; SAFETY;
    All these keywords.

    JEL classification:

    • G22 - Financial Economics - - Financial Institutions and Services - - - Insurance; Insurance Companies; Actuarial Studies
    • I12 - Health, Education, and Welfare - - Health - - - Health Behavior

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