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Handbook of the Economics of Risk and Uncertainty
book

Handbook of the Economics of Risk and Uncertainty

by Mark Machina, W. Kip Viscusi
November 2013
Beginner content levelBeginner
896 pages
35h 10m
English
North Holland
Content preview from Handbook of the Economics of Risk and Uncertainty
Thomas J. Kniesner and John D. Leeth
526
the five years after an inspection and creates a $355,000 (2011 dollars) savings in work-
ers’ compensation expenses, roughly 14 percent of average annual payroll of the sample
of firms included in the study. The authors find no evidence that the improvement in
safety came at the expense of employment, payroll, sales, credit ratings, or firm survival.
The Levine et al. study is the only one finding OSHA inspections in general hav-
ing a large impact on worker safety. Their results are difficult to reconcile with previous
studies finding much smaller safety improvements from inspections with penalties. The ...
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Publisher Resources

ISBN: 9780444536853