ECONOMIC-EFFECTS OF WORKERS COMPENSATION IN THE UNITED-STATES - PRIVATE INSURANCE AND THE ADMINISTRATION OF COMPENSATION CLAIMS

• 成果类型: Article; Proceedings Paper
• 署名作者: THOMASON, T; BURTON, JF
• 署名单位: Rutgers University System; Rutgers University New Brunswick
• 刊物名称: JOURNAL OF LABOR ECONOMICS
• ISSN/ISSBN: 0734-306X
• DOI: 10.1086/298327
• 发表日期: 1993
• 页码: S1-S37
• 关键词: occupational injuries; moral hazard; BENEFIT

摘要

Using a sample of workers' compensation claims from New York, this article investigates the probability that the claimant and insurer will negotiate a settlement rather than adjudicate the claim; (2) the size of the settlement, if settlement occurs; (3) the size of the award if the claim is adjudicated; and (4) factors determining the extent of the insurers claim adjustment efforts. The findings show that insurer adjustment activities increase settlement probability and that a 24%-25% discount rate is required to equate lump sum settlements with the benefit stream paid by an adjudicated award.