Cover image for Workers' compensation : benefits, costs, and safety under alternative insurance arrangements
Title:
Workers' compensation : benefits, costs, and safety under alternative insurance arrangements
Author:
Thomason, Terry.
Personal Author:
Publication Information:
Kalamazoo, Mich. : W.E. Upjohn Institute for Employment Research, 2001.
Physical Description:
xvii, 457 pages : illustrations ; 23 cm
Language:
English
ISBN:
9780880992176

9780880992183
Format :
Book

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Material Type
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Status
Central Library HD7103.65.U6 T48 2001 Adult Non-Fiction Non-Fiction Area
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Summary

Summary

Drawing from empirical research, this book explains how market factors like the arrangements by which WC insurance is offered to employers, impact the balance between adequacy and cost, as well as system efficiency and workplace safety. It includes an overview of the worker's compensation system, discussing options for employers and the results of deregulation. It also analyzes state-specific cost, benefit, and injury data for 48 states during the period 1975-1995. Annotation c. Book News, Inc., Portland, OR (booknews.com)


Summary

Drawing from empirical research, this book explains how market factors like the arrangements by which WC insurance is offered to employers, impact the balance between adequacy and cost, as well as system efficiency and workplace safety. It includes an overview of the worker's compensation system, discussing options for employers and the results of deregulation. It also analyzes state-specific cost, benefit, and injury data for 48 states during the period 1975-1995. c. Book News Inc.


Table of Contents

Acknowledgmentsp. xiv
The Authorsp. xvii
1 Introductionp. 1
An Overview of Workers' Compensationp. 5
Objectives of the Workers' Compensation Programsp. 8
Notesp. 17
2 Developments in Workers' Compensation since 1960p. 19
Benefits and Costsp. 20
Insurance Arrangementsp. 32
Conclusionsp. 46
Notesp. 47
3 Measuring Employers' Costsp. 51
Alternative Measures of Employers' Costsp. 52
Cost Methodologyp. 58
Cost Datap. 65
Conclusionsp. 69
Notesp. 70
4 Benefit Adequacy versus Affordabilityp. 73
An Accounting Model of Employer Costsp. 74
Cost Regression Modelp. 75
Regression Resultsp. 98
Benefit Adequacy versus Affordabilityp. 111
Conclusionsp. 130
Notesp. 132
5 Employer Costsp. 139
Theoretical Considerationsp. 140
Regression Analysesp. 146
Summary and Conclusionsp. 156
Notesp. 157
6 The Effect of Workers' Compensation Insurance Regulationp. 159
Economic Theory of Rate Regulationp. 159
Empirical Research on Rate Regulationp. 172
Conclusionsp. 181
Notesp. 182
7 The Effect of Workers' Compensation Insurance Regulationp. 189
Employer Cost Specificationp. 189
Employer Costs: Regression Resultsp. 199
Market Structure and Rate Regulationp. 231
Market Structure Regressionsp. 236
Conclusions about the Effect of Deregulationp. 244
Notesp. 246
8 Insurance Arrangements and Workplace Safetyp. 249
The Economic Theory of Work Accidentsp. 249
Injury Rate Regression Modelp. 250
Regression Results: Public versus Private Provisionp. 254
The Danzon-Harrington Hypothesisp. 258
Injury Rates and Rate Regulationp. 263
The Effect of Insurance Arrangements on Injury Ratesp. 267
Notesp. 268
9 Conclusionsp. 269
Cost Methodologyp. 271
Benefit Adequacy versus Affordabilityp. 273
Delivery System Efficiencyp. 275
Injury Preventionp. 284
Policy Implicationsp. 285
Notesp. 291
Appendix A Data on Workers' Compensation Costs, Benefits, and Insurance Arrangementsp. 293
Appendix B Insurance Terminologyp. 309
Appendix C Detailed Methodology for Measuring Employers' Costs of Workers' Compensation Insurancep. 317
Appendix D Benefit Index Methodologyp. 393
Appendix E The Insurance Cyclep. 409
Appendix F Insurance Commission Surveyp. 417
Appendix G Supplemental Regression Resultsp. 423
Referencesp. 431
Cited Author Indexp. 443
Subject Indexp. 447
About the Institute
Acknowledgmentsp. xiv
The Authorsp. xvii
1 Introductionp. 1
An Overview of Workers' Compensationp. 5
Objectives of the Workers' Compensation Programsp. 8
Notesp. 17
2 Developments in Workers' Compensation since 1960p. 19
Benefits and Costsp. 20
Insurance Arrangementsp. 32
Conclusionsp. 46
Notesp. 47
3 Measuring Employers' Costsp. 51
Alternative Measures of Employers' Costsp. 52
Cost Methodologyp. 58
Cost Datap. 65
Conclusionsp. 69
Notesp. 70
4 Benefit Adequacy versus Affordabilityp. 73
An Accounting Model of Employer Costsp. 74
Cost Regression Modelp. 75
Regression Resultsp. 98
Benefit Adequacy versus Affordabilityp. 111
Conclusionsp. 130
Notesp. 132
5 Employer Costsp. 139
Theoretical Considerationsp. 140
Regression Analysesp. 146
Summary and Conclusionsp. 156
Notesp. 157
6 The Effect of Workers' Compensation Insurance Regulationp. 159
Economic Theory of Rate Regulationp. 159
Empirical Research on Rate Regulationp. 172
Conclusionsp. 181
Notesp. 182
7 The Effect of Workers' Compensation Insurance Regulationp. 189
Employer Cost Specificationp. 189
Employer Costs: Regression Resultsp. 199
Market Structure and Rate Regulationp. 231
Market Structure Regressionsp. 236
Conclusions about the Effect of Deregulationp. 244
Notesp. 246
8 Insurance Arrangements and Workplace Safetyp. 249
The Economic Theory of Work Accidentsp. 249
Injury Rate Regression Modelp. 250
Regression Results: Public versus Private Provisionp. 254
The Danzon-Harrington Hypothesisp. 258
Injury Rates and Rate Regulationp. 263
The Effect of Insurance Arrangements on Injury Ratesp. 267
Notesp. 268
9 Conclusionsp. 269
Cost Methodologyp. 271
Benefit Adequacy versus Affordabilityp. 273
Delivery System Efficiencyp. 275
Injury Preventionp. 284
Policy Implicationsp. 285
Notesp. 291
Appendix A Data on Workers' Compensation Costs, Benefits, and Insurance Arrangementsp. 293
Appendix B Insurance Terminologyp. 309
Appendix C Detailed Methodology for Measuring Employers' Costs of Workers' Compensation Insurancep. 317
Appendix D Benefit Index Methodologyp. 393
Appendix E The Insurance Cyclep. 409
Appendix F Insurance Commission Surveyp. 417
Appendix G Supplemental Regression Resultsp. 423
Referencesp. 431
Cited Author Indexp. 443
Subject Indexp. 447
About the Institute

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