Martín-Román, Angel and Moral, Alfonso (2015): A methodological proposal to evaluate the cost of duration moral hazard in workplace accident insurance.
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Abstract
The cost of duration moral hazard in workplace accident insurance has been amply explored by North-American scholars in both the USA and Canada. Given the current context of financial constraints in public accounts and particularly in the Social Security system, we feel that the issue merits inquiry in the case of Spain. The present research also posits a methodological proposal using the econometric technique of stochastic frontiers, which allows us to break down the duration of work-related leave into what we term “economic days” and “medical days”. Our calculations indicate that during the seven-year period spanning 2005 to 2011, the cost of sick leave amongst full-time salaried workers amounted to 5,830 million Euros (in constant 2011 Euros). Of this total, and bearing in mind that “economic days” are those attributable to duration moral hazard, over 2,500 million Euros might be linked to workplace absenteeism. It is on this figure where economic policy measures might prove more effective.
Item Type: | MPRA Paper |
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Original Title: | A methodological proposal to evaluate the cost of duration moral hazard in workplace accident insurance |
English Title: | A methodological proposal to evaluate the cost of duration moral hazard in workplace accident insurance |
Language: | English |
Keywords: | workplace accident insurance, moral hazard, stochastic frontiers |
Subjects: | I - Health, Education, and Welfare > I1 - Health > I13 - Health Insurance, Public and Private J - Labor and Demographic Economics > J2 - Demand and Supply of Labor > J28 - Safety ; Job Satisfaction ; Related Public Policy J - Labor and Demographic Economics > J3 - Wages, Compensation, and Labor Costs > J32 - Nonwage Labor Costs and Benefits ; Retirement Plans ; Private Pensions |
Item ID: | 62020 |
Depositing User: | Alfonso Moral |
Date Deposited: | 13 Feb 2015 14:20 |
Last Modified: | 02 Oct 2019 16:56 |
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URI: | https://mpra.ub.uni-muenchen.de/id/eprint/62020 |