English, Article edition: Economic Effects of Workers' Compensation in the United States: Private Insurance and the Administration of Compensation Claims. Thomason, Terry; Burton, John F, Jr

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Physical Description
  • article
Language
  • English

Edition details

Title
  • Economic Effects of Workers' Compensation in the United States: Private Insurance and the Administration of Compensation Claims.
Author
  • Thomason, Terry
  • Burton, John F, Jr
Physical Description
  • article
Notes
  • Using a sample of workers' compensation claims from New York, this article investigates the probability that the claimant and insurer will negotiate a settlement rather than adjudicate the claim; the size of the settlement, if settlement occurs; the size of the award if the claim is adjudicated; and factors determining the extent of the insurers claim adjustment efforts. The findings show that insurer adjustment activities increase settlement probability and that a 24-25 percent discount rate is required to equate lump sum settlements with the benefit stream paid by an adjudicated award. Copyright 1993 by University of Chicago Press.
  • RePEc:ucp:jlabec:v:11:y:1993:i:1:p:s1-37
Language
  • English
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