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Compensation Mechanisms for Job Risks
Michael J. Moore, W. Kip Viscusi
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Sachbuch / Geld, Bank, Börse
Beschreibung
In this major new work, Michael J. Moore and W. Kip Viscusi explore the question, "How are workers compensated for exposing themselves to the risk of physical injury while on the job?" The authors detail the diverse nature of labor market responses to job risks and the important role played by compensation-for-risk mechanisms. Following an overview of the literature, they present a number of unprecedented results. Comprehensive and systematic discussions of issues such as wage-risk tradeoffs, the effects of workers' compensation on wages and risk, the role of unions, and the role of product liability suits in job-related injuries make the volume an essential work for all those interested in risk policy and workplace safety. Among the major results presented for the first time are the first estimates of the value of life derived from recently released occupational fatality risk data from the National Traumatic Occupational Fatality Survey. From these same data the authors also demonstrate that higher workers' compensation benefit levels significantly reduce fatalities on the job--a finding that challenges virtually every other treatment of this topic.
Originally published in 1990.
The Princeton Legacy Library uses the latest print-on-demand technology to again make available previously out-of-print books from the distinguished backlist of Princeton University Press. These editions preserve the original texts of these important books while presenting them in durable paperback and hardcover editions. The goal of the Princeton Legacy Library is to vastly increase access to the rich scholarly heritage found in the thousands of books published by Princeton University Press since its founding in 1905.
Kundenbewertungen
Economic forces, Market rate, Value of life, Labour economics, Marginal product, Risk assessment, Bargaining problem, Risk compensation, Insurance, Economic rent, Income, Moral hazard, Risk management, Utility, Market mechanism, Supplementary Benefit, Time preference, Expected value, Price level, Estimation, Probability, Cost–benefit analysis, Indemnity, Welfare, Economics, Compensating differential, Job security, Real versus nominal value (economics), Dummy variable (statistics), Unemployment benefits, Employment, Risk aversion, Subrogation, Risk premium, Actuarial Valuation, Income Risk, Market value, Income elasticity of demand, Trade union, Production function, Social insurance, Marginal utility, Willingness to pay, Wage, Quantity adjustment, Total cost, Ability To Pay, Discounts and allowances, Occupational fatality, Supply (economics), Tax, Cost curve, Cost reduction, National Council on Compensation Insurance, Payment, Labour supply, Marginal value, Implicit cost, Statistical significance, Product liability, Supervisor, Trade-off, Workers' compensation, Option value (cost–benefit analysis), Bureau of Labor Statistics, Replacement Rate, Inflation, Cost-effectiveness analysis, Risk perception, Unemployment