Accident risk compensation in late imperial Austria: Wage differentials and social insurance

被引：8
|
作者：
Murray, John E.
Nilsson, Lars
机构：
[1] Univ Toledo, Dept Econ, Toledo, OH 43606 USA
[2] Lulea Univ Technol, Dept Econ, S-97187 Lulea, Sweden
来源：
EXPLORATIONS IN ECONOMIC HISTORY | 2007年 / 44卷 / 04期
关键词：
compensating wage differentials; social insurance; workers' compensation; Austria;
D O I：
10.1016/j.eeh.2007.02.001
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
We test for substitutability of wage differentials and accident insurance benefits in late imperial Austria. We establish that workers earned compensating wage differentials and that accident insurance benefits acted as substitutes for those market-based differentials. We estimate that an average expected value of insurance benefit reduced the compensating wage differential by about one-third. The shift from negligence liability to compulsory accident insurance thus induced both gains to workers in the form of income certainly, and losses in the form of smaller risk differentials and thus lower wages. (C) 2007 Elsevier Inc. All rights reserved.
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页码：568 / 587
页数：20
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