IDEAS home Printed from https://ideas.repec.org/a/uwp/jhriss/v9y1974i3p361-375.html
   My bibliography  Save this article

Safety Incentives in Workmen's Compensation Insurance

Author

Listed:
  • Louise B. Russell

Abstract

The workmen's compensation insurance premiums of most employers are adjusted, by the use of an experience-rating formula, to reflect the firm's accident record. This paper presents, by firm size, the elasticities of the most commonly used formula with respect to accident frequency and severity. The analysis shows that financial incentives for safety are negligible for small firms, and thus it fails to support the recent National Commission's recommendation that experience rating be extended to still smaller firms. It is also shown that quite large increases in benefit levels would do virtually nothing to increase those incentives.

Suggested Citation

  • Louise B. Russell, 1974. "Safety Incentives in Workmen's Compensation Insurance," Journal of Human Resources, University of Wisconsin Press, vol. 9(3), pages 361-375.
    • Handle: RePEc:uwp:jhriss:v:9:y:1974:i:3:p:361-375
    as

    Download full text from publisher

    File URL: http://www.jstor.org/stable/pdfplus/144692
    Download Restriction: A subscripton is required to access pdf files. Pay per article is available.
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Wayne B. Gray & Carol Adaire Jones, 1989. "Longitudinal Patterns of Compliance with OSHA Health and Safety Regulations in the Manufacturing Sector," NBER Working Papers 3213, National Bureau of Economic Research, Inc.

    More about this item

    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:uwp:jhriss:v:9:y:1974:i:3:p:361-375. 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.

    We have no bibliographic references for this item. You can help adding them by using 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: the person in charge (email available below). General contact details of provider: http://jhr.uwpress.org/ .

    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.