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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
568
workers’ general level of health and the severity of the injury itself. Although of a smaller
magnitude workers’ compensation benefits positively impact workers’ decisions to file a
claim. With the standard set of controls, a 10 percent rise in the wage replacement rate
expands the likelihood of reporting a time-loss claim for benefits by about 10 percent.
The claim/benefit elasticity falls when family income is included as an explanatory vari-
able and nearly doubles using an instrumented wage replacement rate.
The results of Biddle and Roberts indicate workers have wide latitude in the report-
ing of actual ...
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Publisher Resources

ISBN: 9780444536853