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Tytuł pozycji:

Workers' risk underestimation and occupational health and safety regulation.

Tytuł :
Workers' risk underestimation and occupational health and safety regulation.
Autorzy :
Drakopoulos, Stavros
Theodossiou, Ioannis
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Temat :
EMPLOYEE health promotion
INDUSTRIAL hygiene
INDUSTRIAL safety
LABOR market
RISK management in business
Źródło :
European Journal of Law & Economics; Jun2016, Vol. 41 Issue 3, p641-656, 16p
Czasopismo naukowe
The standard treatment of occupational risk in the labour market is conducted in terms of the theory of compensating wage differentials, the basic characteristic of which is that workers can fully estimate actual occupational risks. However, research in cognitive psychology, and recent advances in economic psychology, suggest that individuals consistently underestimate risks associated with accidents. In this paper, we discuss the case when the workers systematically underestimate job risks. After presenting the standard treatment of occupational risks, and of health and safety at work regulation, we then proceed to incorporate the idea of job risk underestimation. The paper discusses the types and impact of regulation on health and safety effort in a simple framework in which workers' beliefs concerning accident risks also play a role. The paper shows that a particular type of regulatory intervention is necessary for the risk underestimating workers not to suffer a welfare loss. [ABSTRACT FROM AUTHOR]
Copyright of European Journal of Law & Economics is the property of Springer Nature and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

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