IDEAS home Printed from https://ideas.repec.org/p/pra/mprapa/7998.html
   My bibliography  Save this paper

Problems of market adjustments to occupational safety and health hazards

Author

Listed:
  • Chichilnisky, Graciela

Abstract

This paper analyses problems of labor market adjustments to occupational safety and health (OSH) hazards. It also presents analytical models for the eventual measurement and empirical analyses of factors effecting the level of OSH hazards in the workplace. This study does not pretend to deal with the regulatory problem in occupational terms. It nevertheless raises conceptual issues that may be relevant for regulatory strategy. Section I contains a statement of the problem and an outline of the analysis. Section II discusses the concept of appropriate levels of OSH. Section II studies the role of the market: wage differentials that compensate for OSH hazards ; some characteristics of market allocations of wages and safety such as efficiency and distribution. Section IV studies market imperfections: market adjustments with imperfect information about OSH and about firms' actions regarding OSH; the quasi public good aspects of OSH; institutional rigidities such as lack of perfect mobility of workers; OSH externalities such as spillover effects of OSH on the families of workers, the community near the workplace and society as a whole; and also externalities in the production of OSH and of OSH information. Section V studies the role of the government; its objectives and instruments of OSH policies. Section VI discusses the role of labor unions. The results suggest that there is no standard 'correct policy' for OSH but a variety of policies are required.

Suggested Citation

  • Chichilnisky, Graciela, 1978. "Problems of market adjustments to occupational safety and health hazards," MPRA Paper 7998, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:7998
    as

    Download full text from publisher

    File URL: https://mpra.ub.uni-muenchen.de/7998/1/MPRA_paper_7998.pdf
    File Function: original version
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Stafford, Frank P. & Cohen, Malcolm S., 1974. "A model of work effort and productive consumption," Journal of Economic Theory, Elsevier, vol. 7(3), pages 333-347, March.
    2. Parsons, Donald O, 1972. "Specific Human Capital: An Application to Quit Rates and Layoff Rates," Journal of Political Economy, University of Chicago Press, vol. 80(6), pages 1120-1143, Nov.-Dec..
    3. Ryder, Harl E & Stafford, Frank P & Stephan, Paula E, 1976. "Labor, Leisure and Training over the Life Cycle," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 17(3), pages 651-674, October.
    4. Michael Spence, 1977. "Consumer Misperceptions, Product Failure and Producer Liability," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 44(3), pages 561-572.
    5. Roberts, Marc J. & Spence, Michael, 1976. "Effluent charges and licenses under uncertainty," Journal of Public Economics, Elsevier, vol. 5(3-4), pages 193-208.
    6. Spence, Michael & Zeckhauser, Richard, 1971. "Insurance, Information, and Individual Action," American Economic Review, American Economic Association, vol. 61(2), pages 380-387, May.
    7. Walter Y. Oi, 1973. "The Economics of Product Safety," Bell Journal of Economics, The RAND Corporation, vol. 4(1), pages 3-28, Spring.
    8. Richard R. Nelson, 1959. "The Simple Economics of Basic Scientific Research," Journal of Political Economy, University of Chicago Press, vol. 67, pages 297-297.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Steven Shavell, 2005. "Liability for Accidents," NBER Working Papers 11781, National Bureau of Economic Research, Inc.
    2. Joaquín Coleff, 2020. "Can consumer complaints reduce product reliability? Should we worry?," Journal of Economics & Management Strategy, Wiley Blackwell, vol. 29(1), pages 74-96, January.
    3. Hoffmann, Sandra & Hanemann, W. Michael, 2005. "Torts and the Protection of "Legally Recognized" Interests," RFF Working Paper Series dp-05-21, Resources for the Future.
    4. Coleff, Joaquín, 2011. "Product reliability, consumers’ complaints and market performance: the case of consumers’ associations," UC3M Working papers. Economics we1121, Universidad Carlos III de Madrid. Departamento de Economía.
    5. Ram Singh, 2009. "RISK, INFORMATIONAL ASYMMETRY AND PRODUCT LIABILITY: An Enquiry Into Conflicting Objectives," Pacific Economic Review, Wiley Blackwell, vol. 14(1), pages 89-112, February.
    6. repec:eee:labchp:v:2:y:1986:i:c:p:789-848 is not listed on IDEAS
    7. Charles S. Tapiero & Morton J. Posner, 1988. "Warranty reserving," Naval Research Logistics (NRL), John Wiley & Sons, vol. 35(4), pages 473-479, August.
    8. Ram Singh, 2002. "Characterization of Efficient Product Liability Rules: When Consumers are Imperfectly Informed," Working papers 110, Centre for Development Economics, Delhi School of Economics.
    9. Paul L. Joskow & Roger G. Noll, 1981. "Regulation in Theory and Practice: An Overview," NBER Chapters, in: Studies in Public Regulation, pages 1-78, National Bureau of Economic Research, Inc.
    10. Dinopoulos, Elias & Livanis, Grigorios & West, Carol, 2010. "Country of Origin Labeling (C.O.O.L.): How cool is it?," International Review of Economics & Finance, Elsevier, vol. 19(4), pages 575-589, October.
    11. Thomas J. Miceli & Kathleen Segerson & Suo Wang, 2015. "Products Liability When Consumers Vary In Their Susceptibility To Harm And May Misperceive Risk," Contemporary Economic Policy, Western Economic Association International, vol. 33(3), pages 468-476, July.
    12. Boom, Anette, 1998. "Product risk sharing by warranties in a monopoly market with risk-averse consumers," Journal of Economic Behavior & Organization, Elsevier, vol. 33(2), pages 241-257, January.
    13. Terrence August & Tunay I. Tunca, 2011. "Who Should Be Responsible for Software Security? A Comparative Analysis of Liability Policies in Network Environments," Management Science, INFORMS, vol. 57(5), pages 934-959, May.
    14. Richard Arnott, 1982. "The Structure of Multi-Period Employment Contracts with Incomplete Insurance Markets," Canadian Journal of Economics, Canadian Economics Association, vol. 15(1), pages 51-76, February.
    15. Hamilton, Stephen F. & Sunding, David L., 1997. "Product Liability, Entry Incentives, and Industry Structure," 1997 Annual Meeting, July 13-16, 1997, Reno\ Sparks, Nevada 35947, Western Agricultural Economics Association.
    16. Tsvetanov, Tsvetan & Miceli, Thomas J. & Segerson, Kathleen, 2021. "Products liability with temptation bias," Journal of Economic Behavior & Organization, Elsevier, vol. 186(C), pages 76-93.
    17. Daniel Flores, 2009. "All you can drink: should we worry about quality?," Journal of Regulatory Economics, Springer, vol. 35(1), pages 1-18, February.
    18. Michael Faure & Shu Li, 0. "Risk shifting in the context of 3D printing: an insurability perspective," The Geneva Papers on Risk and Insurance - Issues and Practice, Palgrave Macmillan;The Geneva Association, vol. 0, pages 1-26.
    19. Ganesh Iyer & Shubhranshu Singh, 2018. "Voluntary Product Safety Certification," Management Science, INFORMS, vol. 64(2), pages 695-714, February.
    20. Michael Faure & Shu Li, 2020. "Risk shifting in the context of 3D printing: an insurability perspective," The Geneva Papers on Risk and Insurance - Issues and Practice, Palgrave Macmillan;The Geneva Association, vol. 45(3), pages 482-507, July.
    21. Fankhauser, Samuel & Hepburn, Cameron, 2010. "Designing carbon markets. Part I: Carbon markets in time," Energy Policy, Elsevier, vol. 38(8), pages 4363-4370, August.

    More about this item

    Keywords

    occupational safety; occupational health; occupational; OSH; hazards; occupational hazards; occupational safety health hazards; policy; regulation; strategy; employment; labor market; labour market; wage; compensated wage differentials; compensated wage; risk; information; asymmetric information; externalities; labour economics; labor economics; worker mobility; immobility; imperfect information; uncertainty; degree of uncertainty; social risk; risk aversion; unemployment; labour union; labor union;
    All these keywords.

    JEL classification:

    • J08 - Labor and Demographic Economics - - General - - - Labor Economics Policies
    • K32 - Law and Economics - - Other Substantive Areas of Law - - - Energy, Environmental, Health, and Safety Law
    • J3 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:pra:mprapa:7998. See general information about how to correct material in RePEc.

    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 CitEc recognized a bibliographic reference but did not link an item in RePEc 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 RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Joachim Winter (email available below). General contact details of provider: https://edirc.repec.org/data/vfmunde.html .

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

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.