Includes bibliographical references (pages 431-441) and indexes
1. Introduction -- Overview of Workers' Compensation -- Objectives of the Workers' Compensation Programs -- 2. Developments in Workers' Compensation since 1960 -- Benefits and Costs -- Insurance Arrangements -- 3. Measuring Employers' Costs -- Alternative Measures of Employers' Costs -- Cost Methodology -- Cost Data -- 4. Benefit Adequacy versus Affordability -- Accounting Model of Employer Costs -- Cost Regression Model -- Regression Results -- Benefit Adequacy versus Affordability -- 5. Employer Costs -- Theoretical Considerations -- Regression Analyses -- 6. Effect of Workers' Compensation Insurance Regulation -- Economic Theory of Rate Regulation -- Empirical Research on Rate Regulation -- 7. Effect of Workers' Compensation Insurance Regulation -- Employer Cost Specification -- Employer Costs: Regression Results -- Market Structure and Rate Regulation -- Market Structure Regressions -- Conclusions about the Effect of Deregulation -- 8. Insurance Arrangements and Workplace Safety -- Economic Theory of Work Accidents -- Injury Rate Regression Model -- Regression Results: Public versus Private Provision -- Danzon-Harrington Hypothesis -- Injury Rates and Rate Regulation -- Effect of Insurance Arrangements on Injury Rates -- 9. Conclusions -- Cost Methodology -- Benefit Adequacy versus Affordability -- Delivery System Efficiency -- Injury Prevention -- Policy Implications -- Appendix A. Data on Workers' Compensation Costs, Benefits, and Insurance Arrangements -- Appendix B. Insurance Terminology -- Appendix C. Detailed Methodology for Measuring Employers' Costs of Workers' Compensation Insurance -- Appendix D. Benefit Index Methodology -- Appendix E. Insurance Cycle -- Appendix F. Insurance Commission Survey -- Appendix G. Supplemental Regression Results -- About the Institute
