000			01145pab a2200181 454500
008			180718b1999 xxu||||| |||| 00| 0 eng d
100			_aShanmugam, K.R.
245			_aInsurance benefits, wage premiums and the value of injury risks
260			_c1999
300			_ap.1-11
362			_aApr-Jun
520			_aThis paper aims to assess the labour market implications of workers' compensation level, using the primary data on manufacturing industrial workers in Chennai, and job related injury risks provided by the Chief Inspector of Factories and State worker's benefit formulas. The empirical results strongly support the hypotheses of positive compensating wage differentials for job injuries and negative trade-off between wages and compensation benefits. The value of injury risk is estimated to be Rs.7632 - Rs.11440. The results also show that benefit levels provided by the Employee's State Insurance Scheme and the Workmen's Compensation Act provide suboptimal levels of income insurance. - Reproduced
650			_aWorkers compensation
650			_aInsurance
650			_aLabour
773			_aManpower Journal
909			_a41917
999			_c41917 _d41917