A Model of Worker Investment in Safety and Its Effects on Accidents and Wages PDF Download
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Author: José Guardado
Publisher:
ISBN:
Category :
Languages : en
Pages : 43
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Book Description
In this paper, we develop a theoretical model of worker investment in safety. Standard theory assumes that injury risk is exogenous. It predicts that riskier jobs are associated with higher wages. In contrast, in our model, workers make individual safety investments that reduce the risk of injury. This results in a negative association between individual injury risk and wages. We test the model's predictions using obesity as a proxy for worker disinvestments in human capital and safety. In line with our model predictions, we find a significant positive compensating wage differential (CWD) for nonfatal risk at the occupational level. At the same time, however, there exists an underlying significant negative association between individual accident risk and wages, but only in high risk occupations. The latter relationship may downward bias or mask CWD estimates.
Author: José Guardado
Publisher:
ISBN:
Category :
Languages : en
Pages : 43
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Book Description
In this paper, we develop a theoretical model of worker investment in safety. Standard theory assumes that injury risk is exogenous. It predicts that riskier jobs are associated with higher wages. In contrast, in our model, workers make individual safety investments that reduce the risk of injury. This results in a negative association between individual injury risk and wages. We test the model's predictions using obesity as a proxy for worker disinvestments in human capital and safety. In line with our model predictions, we find a significant positive compensating wage differential (CWD) for nonfatal risk at the occupational level. At the same time, however, there exists an underlying significant negative association between individual accident risk and wages, but only in high risk occupations. The latter relationship may downward bias or mask CWD estimates.
Author: Jose R. Guardado
Publisher:
ISBN:
Category :
Languages : en
Pages : 428
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Book Description
Author: José Guardado
Publisher:
ISBN:
Category :
Languages : en
Pages : 0
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Book Description
The theory of compensating wage differentials (CWDs) assumes that firms supply and workers demand workplace safety, predicting a positive relationship between accident risk and wages. This article allows for safety provision by workers, which predicts a countervailing negative relationship between individual risk and wages: Firms pay higher wages for higher safety-related productivity. Using National Longitudinal Survey of Youth panel data and data on fatal and nonfatal accidents, our precise CWDs imply a value of a statistical injury of $45.4 thousand and a value of a statistical life of $6.3 million. In line with our model, individual risk and wages are negatively correlated.
Author: John Ruser
Publisher: Now Publishers Inc
ISBN: 1601983824
Category : Business & Economics
Languages : en
Pages : 67
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Book Description
The Economics of Occupational Safety and Health examines occupational risks that influence the safety decisions of a firm.
Author: Richard J. Butler
Publisher: W.E. Upjohn Institute
ISBN: 0880992778
Category : Accidents
Languages : en
Pages : 116
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Book Description
Annotation Workers' Compensation insurance, which covers all medical expenses and part of the lost wages associated with injuries, cost employers $63.9 billion in 2001 (National Academy of Social Insurance, 2004). The indirect costs of accidents lost wages, damage to equipment, training and rehabilitation expenses are several times this amount. On the job injury costs are an important component of the firm's operating expenses. Human resource management can change workers' incentives to take more care on the job (accident prevention), improve workers' incentives to return to work following an accident (loss reduction), and improve workplace efficiency by appropriately involving workers in the firm's decision making.
Author: J. Paul Leigh
Publisher: University of Michigan Press
ISBN: 9780472110810
Category : Business & Economics
Languages : en
Pages : 332
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Book Description
As the debate over health care reform continues, costs have become a critical measure in the many plans and proposals to come before us. Knowing costs is important because it allows comparisons across such disparate health conditions as AIDS, Alzheimer's disease, heart disease, and cancer. This book presents the results of a major study estimating the large and largely overlooked costs of occupational injury and illness--costs as large as those for cancer and over four times the costs of AIDS. The incidence and mortality of occupational injury and illness were assessed by reviewing data from national surveys and applied an attributable-risk-proportion method. Costs were assessed using the human capital method that decomposes costs into direct categories such as medical costs and insurance administration expenses, as well as indirect categories such as lost earnings and lost fringe benefits. The total is estimated to be $155 billion and is likely to be low as it does not include costs associated with pain and suffering or of home care provided by family members. Invaluable as an aid in the analysis of policy issues, Costs of Occupational Injuryand Illness will serve as a resource and reference for economists, policy analysts, public health researchers, insurance administrators, labor unions and labor lawyers, benefits managers, and environmental scientists, among others. J. Paul Leigh is Professor in the School of Medicine, Department of Epidemiology and Preventive Medicine, University of California, Davis. Stephen Markowitz, M.D., is Professor in the Department of Community Health and Social Medicine, City University of New York Medical School. Marianne Fahs is Director of the Health Policy Research Center, Milano Graduate School of Management and Urban Policy, New School University. Philip Landrigan, M.D., is Wise Professor and Chair of the Department of Community Medicine, Mount Sinai Medical Center, New York.
Author: Maurice Oxenburgh
Publisher: CRC Press
ISBN: 0203427920
Category : Science
Languages : en
Pages : 205
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Book Description
In all workplaces the health and safety of employees is closely linked with the company's profitability. Human resource strategies for improving the health and safety of people in the workplace do not necessarily cost money - in fact they usually save money. A practical book based on the authors' combined consultancy experience, Increasing
Author: Alice F Stuhlmacher
Publisher: Routledge
ISBN: 1136615008
Category : Business & Economics
Languages : en
Pages : 99
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Book Description
Do all you can to minimize dangerous behaviors to benefit communities, employees, and organizations! Safety is a “real world” problem that community psychologists, industrial/organizational psychologists, industrial hygenists, human resources professionals, and corporate insurance groups must deal with on a day-to-day basis. In Workplace Safety: Individual Differences in Behavior you will examine safety behavior and discover practical interventions to help increase the safety awareness of the people in your life. This book takes a look at ways of defining and measuring safety as well as a variety of individual differences like gender, job knowledge, conscientiousness, self-efficacy, risk avoidance, and stress tolerance that are important in creating safety interventions and improving the selection and training of employees. Workplace safety is of prime importance in today's increasingly litigious society. It has been estimated that each year in the United States, there are 100,000 work-related accident or disease fatalities, 400,000 workers who become disabled, and 6 million workplace injuries. Of equal importance are driver safety and safety hazards in public spaces such as malls and individual stores. Workplace Safety: Individual Differences in Behavior examines: the importance of measurement in understanding worker abilities and defining safety behaviors the often-neglected issue of gender differences in safety definitions and research the relationship between personality variables, job, knowledge, and accident involvement the five-factor personality model for predicting safety behavior a model of safety consciousness types of safety hazards in public spaces monetary costs of accidents in malls and stores a practitioner's perspective on individual differences in safety behavior Workplace Safety: Individual Differences in Behavior takes an incisive look at these issues with a unique focus on the way individual differences in people impact safety behavior in the real world.
Author: Soeren Mattke
Publisher: Rand Corporation
ISBN: 9780833080738
Category : Education
Languages : en
Pages : 0
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Book Description
The report investigates the characteristics of workplace wellness programs, their prevalence and impact on employee health and medical cost, facilitators of their success, and the role of incentives in such programs. The authors employ four data collection and analysis streams: a literature review, a survey of employers, a longitudinal analysis of medical claims and wellness program data from a sample of employers, and five employer case studies.
Author: United States. Interagency Task Force on Workplace Safety and Health
Publisher:
ISBN:
Category : Government publications
Languages : en
Pages : 222
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Book Description
