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Compensation Mechanisms for Job Risks - Wages, Workers' Compensation, and Product Liability (Hardcover)
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Compensation Mechanisms for Job Risks - Wages, Workers' Compensation, and Product Liability (Hardcover)
Series: Princeton Legacy Library
Expected to ship within 12 - 17 working days
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In this major new work, Michael J. Moore and W. Kip Viscusi explore
the question, "How are workers compensated for exposing themselves
to the risk of physical injury while on the job?" The authors
detail the diverse nature of labor market responses to job risks
and the important role played by compensation-for-risk mechanisms.
Following an overview of the literature, they present a number of
unprecedented results. Comprehensive and systematic discussions of
issues such as wage-risk tradeoffs, the effects of workers'
compensation on wages and risk, the role of unions, and the role of
product liability suits in job-related injuries make the volume an
essential work for all those interested in risk policy and
workplace safety. Among the major results presented for the first
time are the first estimates of the value of life derived from
recently released occupational fatality risk data from the National
Traumatic Occupational Fatality Survey. From these same data the
authors also demonstrate that higher workers' compensation benefit
levels significantly reduce fatalities on the job--a finding that
challenges virtually every other treatment of this topic.
Originally published in 1990. The Princeton Legacy Library uses the
latest print-on-demand technology to again make available
previously out-of-print books from the distinguished backlist of
Princeton University Press. These editions preserve the original
texts of these important books while presenting them in durable
paperback and hardcover editions. The goal of the Princeton Legacy
Library is to vastly increase access to the rich scholarly heritage
found in the thousands of books published by Princeton University
Press since its founding in 1905.
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