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Workers' Compensation and Injury Duration : Evidence from a Natural Experiment

Meyer, Bruce D.; Viscusi, W. Kip; Durbin, David L. - 2021

This paper examines the effect of workers' compensation on the time until an injured worker returns to work. Two large increases in the maximum weekly benefit amount in Kentucky am Michigan are examined. The increases raised the benefit amount for high earnings individuals by over sixty percent,...

Persistent link: https://www.econbiz.de/10013218912

Insurance Rationing and the Origins of Workers' Compensation

Fishback, Price; Kantor, Shawn Everett - 2021

A central question concerning the economic motivation for the adoption of workers' compensation is the extent to which workers had access to their desired levels of private accident insurance around the turn of the century. If insurance were rationed then workers' primary option would have been...

Persistent link: https://www.econbiz.de/10013220800

The Political Economy of Workers' Compensation Benefit Levels, 1910-1930

Fishback, Price; Kantor, Shawn Everett - 2021

Although workers, employers, and insurance companies by 1910 supported the adoption of workers' compensation, they fiercely debated the specific features of the legislation. In this paper we examine how workers' compensation benefit levels were determined in the political process of forging...

Persistent link: https://www.econbiz.de/10013234978

The Incidence of Mandated Employer-Provided Insurance : Lessons from Workers' Compensation Insurance

Gruber, Jonathan; Krueger, Alan B. - 2021

Workers' compensation insurance provides cash payments and medical benefits to workers who incur a work-related injury or illness. Many features of the workers' compensation program parallel features of proposed mandated employer-paid health insurance plans. This paper empirically examines the...

Persistent link: https://www.econbiz.de/10013238714

Workers' Compensation, Wages, and the Risk of Injury

Ehrenberg, Ronald G. - 2021

This paper provides an analysis and summary of the effects of the Workers' Compensation (WC) system on wages and work injury experience. It stresses how lessons learned from other forms of social insurance can be applied to research on WC. I begin with a brief overview of the characteristics of...

Persistent link: https://www.econbiz.de/10013239989

The Adoption of Workers' Compensation in the United States 1900-1930

Fishback, Price - 2010

The adoption of workers' compensation in the 1910s, from a variety of perspectives, was a significant event in the economic, legal, and political history of the United States. The legislation represented the first instance of a widespread social insurance program in the United States, setting...

Persistent link: https://www.econbiz.de/10013134929

Disability Risk, Disability Insurance and Life Cycle Behavior

Low, Hamish - 2010

This paper provides a life-cycle framework for weighing up the insurance value of disability benefits against the … parameters governing the disability insurance program, using indirect inference and longitudinal data on consumption, disability … status, disability insurance receipt, and wages. We use our estimates to characterize the economic effects of disability …

Persistent link: https://www.econbiz.de/10013143773

Compensating Wage Differentials and the Duration of Wage Loss

Hamermesh, Daniel S.; Wolfe, John R. - 2021

Several reasons are offered why workers will receive larger compensating wage differentials for increases in the duration of wage losses than for increases in the probability of loss that produce the same expected loss. A formal model of occupational choice is developed that shows the extent to...

Persistent link: https://www.econbiz.de/10013244902

Labor Supply Effects of Social Insurance

Krueger, Alan B.; Meyer, Bruce D. - 2021

the effects of wages or taxes on hours of work. The evidence on disability insurance and (especially) social security …

Persistent link: https://www.econbiz.de/10013246643

Is Workers' Compensation Covering Uninsured Medical Costs? Evidence Fromthe `Monday Effect'

Card, David; McCall, Brian P. - 2021

Steady increases in the costs of medical care, coupled with a rise in the fraction of workers who lack medical care insurance, have led to a growing concern that the Workers' Compensation system is paying for off-the-job injuries. Many analysts have interpreted the high rate of Monday injuries...

Persistent link: https://www.econbiz.de/10013230979