Description
Book SynopsisIn this major new work, Michael J. Moore and W. Kip Viscusi explore the question, "How are workers compensated for exposing themselves to the risk of physical injury while on the job?" The authors detail the diverse nature of labor market responses to job risks and the important role played by compensation-for-risk mechanisms. Following an overview
Table of Contents*FrontMatter, pg. i*Contents, pg. vii*List of Figures, pg. ix*List of Tables, pg. xi*Preface, pg. xiii*Abbreviations and Symbols, pg. xvii*One. Overview, pg. 3*Two. The Research Context of the Analysis, pg. 12*Three. The Performance of Workers' Compensation as a Social Insurance Program, pg. 34*Four. Net Workers' Compensation Costs: Implications of the Wage Offset, pg. 53*Five. Workers' Implicit Value of Life, pg. 69*Six. The Value of Life: Quantity Adjustments and Implicit Rates of Time Preference, pg. 82*Seven. Worker Learning and the Valuation of the Compensation Package, pg. 98*Eight. The Role of Unions in Altering the Structure of Risk Compensation, pg. 111*Nine. The Effects of Workers' Compensation on Job Safety, pg. 121*Ten. Tort Liability Remedies for Job Injuries: Product Liability and Its Interaction with Workers' Compensation, pg. 136*Eleven. Conclusion, pg. 162*Appendix A. Estimation of the Value of Life Using Flexible Functional Forms, pg. 165*Appendix B. A Conceptual Model of Worker and Firm Responses to Insurance Benefits, pg. 168*Notes, pg. 173*Bibliography, pg. 181*Index, pg. 189
