An economic analysis of factor usage and workplace regulation
Extract: In this paper the statistical results show generally that the level of WC [Workers Compensation] costs does alter factor choices. It was hypothesized and results are obtained which indicate that higher benefit levels increase the substitutability of capital for labor. It does not appear, th...
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| Veröffentlicht in: | Southern economic journal 1985-10, Vol.52 (2), p.315-331 |
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| container_title | Southern economic journal |
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| creator | Elder, H.W |
| description | Extract: In this paper the statistical results show generally that the level of WC [Workers Compensation] costs does alter factor choices. It was hypothesized and results are obtained which indicate that higher benefit levels increase the substitutability of capital for labor. It does not appear, though, that WC costs alter other factor relationships, as the other estimates tend to bear out. It does seem clear, however, that the primary implication of the theory developed--that safety regulation has costs in terms of output reduction and lower factor usage--is confirmed by the findings of the empirical work. And, if one adds the findings of other researchers, the implications are rather damaging to these forms of regulation |
| doi_str_mv | 10.2307/1059618 |
| format | Article |
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It was hypothesized and results are obtained which indicate that higher benefit levels increase the substitutability of capital for labor. It does not appear, though, that WC costs alter other factor relationships, as the other estimates tend to bear out. It does seem clear, however, that the primary implication of the theory developed--that safety regulation has costs in terms of output reduction and lower factor usage--is confirmed by the findings of the empirical work. 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It was hypothesized and results are obtained which indicate that higher benefit levels increase the substitutability of capital for labor. It does not appear, though, that WC costs alter other factor relationships, as the other estimates tend to bear out. It does seem clear, however, that the primary implication of the theory developed--that safety regulation has costs in terms of output reduction and lower factor usage--is confirmed by the findings of the empirical work. 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It was hypothesized and results are obtained which indicate that higher benefit levels increase the substitutability of capital for labor. It does not appear, though, that WC costs alter other factor relationships, as the other estimates tend to bear out. It does seem clear, however, that the primary implication of the theory developed--that safety regulation has costs in terms of output reduction and lower factor usage--is confirmed by the findings of the empirical work. And, if one adds the findings of other researchers, the implications are rather damaging to these forms of regulation</abstract><cop>Chapel Hill, N.C., etc</cop><pub>Southern Economic Association and the University of North Carolina at Chapel Hill</pub><doi>10.2307/1059618</doi><tpages>17</tpages></addata></record> |
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| identifier | ISSN: 0038-4038 |
| ispartof | Southern economic journal, 1985-10, Vol.52 (2), p.315-331 |
| issn | 0038-4038 2325-8012 |
| language | eng |
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| source | Periodicals Index Online; EBSCOhost Business Source Complete; Jstor Complete Legacy |
| subjects | ANALISIS ECONOMICO ANALYSE ECONOMIQUE Capital costs Capital stocks Cost Cost efficiency Economic models Effects INDEMNISATION INDEMNIZACION Industrial regulation Insurance premiums Labor Labor costs Mathematical analysis MODELE MODELOS OBREROS Occupational safety OUVRIER PRISE DE DECISION Regulation Statistical analysis TOMA DE DECISIONES Work place safety regulation Workers compensation Workers compensation insurance Workplaces |
| title | An economic analysis of factor usage and workplace regulation |
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