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Public works programs outcomes

Workers compensation insurance is the most important public policy influence on workplace safety in the United States. Here we have examined more deeply the quantitative properties of the WC program, specifically the imperfect verification of injuries as work related or their severity. Our numerical simulations provide quantitative insights into an issue currently at the forefront of theoretical microeconomics — information asymmetries (Hirschleifer and Riley, 1992). The practical implication of information asymmetry in the case of workers compensation insurance is that increases in benefit generosity can paint a puzzling picture of labor market outcomes because the number of workers applying for and receiving WC benefits can rise while actual workplace injuries fall. Data on injuries reported under workers compensation can produce a wrong conclusion of the effects of WC on workplace safety. [Pg.174]

See other pages where Public works programs outcomes is mentioned: [Pg.208]    [Pg.8]    [Pg.186]    [Pg.303]    [Pg.435]    [Pg.143]    [Pg.2]    [Pg.452]    [Pg.303]    [Pg.726]    [Pg.163]    [Pg.152]    [Pg.131]    [Pg.100]    [Pg.193]    [Pg.212]    [Pg.435]   
See also in sourсe #XX -- [ Pg.307 , Pg.308 ]



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Program outcomes

Public works programs

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