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Analysing workplace safety policies in hong kong with a simulation method

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  • Xiangdong Wei
  • Steve Russell
  • Robert Sandy

Abstract

Despite its impressive economic performance and high per-capita income, Hong Kong's workplace safety record lags behind leading industrial countries. This paper develops a computable equilibrium model of workplace safety in Hong Kong that predicts the changes in safety levels after substantial policy modifications. We find that accident rates would fall if workers' compensation insurance was more experience-rated or if fines for violations of the safety codes were raised. We also find that a progressive injury tax aimed at accident-prone firms would sharply lower the accident rate. In contrast, large increases in workers' compensation benefits have only a minor effect on the safety level.

Suggested Citation

  • Xiangdong Wei & Steve Russell & Robert Sandy, 2005. "Analysing workplace safety policies in hong kong with a simulation method," International Economic Journal, Taylor & Francis Journals, vol. 19(2), pages 321-353.
    • Handle: RePEc:taf:intecj:v:19:y:2005:i:2:p:321-353
    DOI: 10.1080/10168730500080493
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    References listed on IDEAS

    as
    1. Xiangdong Wei, 1999. "Estimating British workers' demand for safety," Applied Economics, Taylor & Francis Journals, vol. 31(10), pages 1265-1271.
    2. John W. Ruser, 1985. "Workers' Compensation Insurance, Experience-Rating, and Occupational Injuries," RAND Journal of Economics, The RAND Corporation, vol. 16(4), pages 487-503, Winter.
    3. Viscusi, W Kip & Aldy, Joseph E, 2003. "The Value of a Statistical Life: A Critical Review of Market Estimates throughout the World," Journal of Risk and Uncertainty, Springer, vol. 27(1), pages 5-76, August.
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    Cited by:

    1. Grazier, S. & Sloane, P.J., 2008. "Accident risk, gender, family status and occupational choice in the UK," Labour Economics, Elsevier, vol. 15(5), pages 938-957, October.
    2. Dike, Onyemaechi, 2019. "Informal employment and work health risks: Evidence from Cambodia," MPRA Paper 92943, University Library of Munich, Germany, revised 24 Mar 2019.

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