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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
Regulating Occupational and Product Risks
535
Because legal defenses made damage recovery uncertain the negligence system was
viewed as providing insufficient compensation for injured workers and inadequate
incentives for employers to provide reasonably safe work environments (Darling-
Hammond and Kniesner, 1980; Fishback, 1987; Fishback and Kantor, 1998). In contrast,
workers’ compensation insurance provides certain benefits for injured workers regardless
of fault and, by shifting financial costs of accidents to the employer, provides an eco-
nomic incentive for employers to reduce workplace hazards.
Most states allow employers to provide work
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Publisher Resources

ISBN: 9780444536853