Workers' compensation and injury duration: evidence from a natural experiment
Article Abstract:
The effect of workers' compensation on incentives was analyzed by examining data from increases in benefit levels given in Kentucky and Michigan. The attitudes of workers injured before benefit levels were increased and of those who were injured after the increases were compared. Higher benefit levels may lessened workers incentives to avoid injuries and increase incentives to file for compensation. It was discovered that the elasticities for time out of work ranged from 0.3 to 0.4 to those eligible for higher benefits.
Publication Name: American Economic Review
Subject: Economics
ISSN: 0002-8282
Year: 1995
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Carcinogen regulation: Risk characteristics and the synthetic risk bias
Article Abstract:
Government regulatory agencies have expressed greater concern over risk exposure parameters than the number of people under exposure. Thus, policies are often formulated in an attempt to prevent or control an adverse outcome with minimal consideration for the number of people affected. This imbalance is reflected in the country's regulations on carcinogens. It is shown that the chemical properties of a synthetic or natural substance exhibited a greater role in regulatory decisions than risk levels.
Publication Name: American Economic Review
Subject: Economics
ISSN: 0002-8282
Year: 1995
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Are risk regulators rational? Evidence from hazardous waste cleanup decisions
Article Abstract:
A study was conducted on the factors that determine state regulators' efficiency in making decisions regarding waste disposal sites. Results showed that regulators' choice of risk targets are highly influenced by the risk-perception biases among regulators and the political nature of the community that bears the risk. The unfavorable attitudes of the residents of the community towards cleaning up hazardous waste sites drives effective decisions away.
Publication Name: American Economic Review
Subject: Economics
ISSN: 0002-8282
Year: 1999
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- Abstracts: High inflation rates and the long-run money demand function: evidence from cointegration tests. The monetary model of exchange rates: evidence from the Canadian float of the 1950s
- Abstracts: Intertemporal substitution in war and peace: evidence from the United Kingdom, 1830-1990. Speculative attacks: the roles of intertemporal substitution and the interest elasticity of the demand for money
- Abstracts: Inflation, reserve requirements, and real interest rates with direct and indirect loan markets. The long-run variance of output and inflation under alternative monetary policy rules