Labor Market Theory and the Distribution of Workers’ Compensation Losses

摘要: In recent years, a growing number of research papers have applied modern neoclassical labor economics to address incentive issues in the workers’ compensation system. How these incentives can be detected distributions indemnity claims, and what they imply for those distributions, are subjects this research. We develop simple statistical model that breaks down observed distribution payments into choice, chance heterogeneity components, with particular attention given how changes benefit structure (given market wage rates) experience rating affect claims. There is evidence (see our review Worrall Butler, 1985a) benefits may significantly change both frequency which claims filed as well duration claim once it filed. Given dynamic taking place enormous social insurance program, even small response effects large distributional efficiency impacts.