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Rate Regulation of Workers' Compensation Insurance

Name: Rate Regulation of Workers' Compensation Insurance
Brand: AEI Press
SKU: 04736960
Price: 11.19 EUR
Availability: InStock
Author: Patricia M. Danzon
ISBN: 9780844739335

Patricia M. Danzon

Scott E. Harrington

Lingua

Inglese

Libro In brossura

Codice Libristo: 04736960

Casa editrice AEI Press, gennaio 1998

In the 1980s and early 1990s, America's system of workers' compensation insurance was in trouble. As... Descrizione completa

Codice Libristo: 04736960

27 b

11.19 €

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In the 1980s and early 1990s, America's system of workers' compensation insurance was in trouble. As medical costs grew and benefits and compensable injuries expanded, costs of this insurance skyrocketed. In response, the states imposed price controls, but those controls caused unforeseen - and negative - consequences. The authors define the problems, trace the regulatory responses, and analyze the effects of rate regulation. Their study illuminates how rate regulation set up to control the cost of workers' compensation insurance reduced incentives for safety and cost control and subsidized high-risk activities and firms at the expense of others.