This article examines the new statutory regime for paying damages for personal injury by means of periodical payments instead of a lump sum. How are such payments to increase in future to take account of rising care costs, especially when these usually form the largest part of a major award? The answer to this question is crucial in determining the extent that the new form of payment will be us...

Workers' compensation provides medical care and income maintenance protection to workers disabled from work-related injury or illness. This program is of considerable interest to the Social Security Administration (SSA) from several perspectives. For example, since 1965 Social Security Disability Insurance (DI) benefits and workers' compensation payments have been integrated. Information on the...

Detailed information on how …rms structure base salary, bonus payments and total compensation is drawn from a data set of more than 500 …rms between 1981-1988. This data is merged with personnel records of the …rms’ top executives to investigate the relationship between executive compensation and …rm pay policies. I …nd that the …rm pay policies have a strong e¤ect on compensation even when con...

Like covered payrolls and total benefit payments, the costs of workmen’s compensation were about 10 percent higher in 1969 than in 1968. As a result, employers continued to spend for the third consecutive year the same proportion of their payrolls to insure or self-insure their risks under workmen‘s compensation program-about $1.07 per $100 of payroll in covered employment. In earlier years, th...

This article analyzes the consequences for risk distribution of the French Flood Prevention Action Programme (PAPI). By redirecting floods from the most vulnerable to the least vulnerable areas, PAPIs expose farmers to greater flood risks. This has led local water management institutions to introduce compensation payments. The article outlines the results of an exhaustive survey of all PAPIs in...

Each year over 100,000 injuries and deaths are attributable to work-related falls. According to the National Safety Council, falls are one of the leading causes of deaths in the workplace. In addition to permanent injuries and lost lives caused by falls, businesses lose billions of dollars each year from significant increases in insurance premiums, workers’ compensation claims, product liabilit...

Our review of the evidence found that the notion that higher pay leads to the selection of better executives is undermined by the prevalence of poor recruiting methods. Moreover, higher pay fails to promote better performance. Instead, it undermines the intrinsic motivation of executives, inhibits their learning, leads them to ignore other stakeholders, and discourages them from considering the...

Many compensation schemes consist of cash ̄ow streams with different risk characteristics. For example, bonuses, which help align a ®rm's wage bill with business cycle ̄uctuations, are more variable than regular (®xed) pay. We investigate empirical regularities in compensation schemes involving risky pay which is contingent on certain random outcomes. Using data for Germany, Japan and the US, w...

OBJECTIVES To compare and contrast the prevalence of pneumoconiosis in two groups of former migrant mineworkers in southern Africa, and to examine the effectiveness of the South African compensation system for occupational lung diseases. DESIGN Comparison of two cross-sectional studies and follow-up data on compensation results. SETTING The village of Thamaga, Botswana and the rural area of...

Our review of the evidence found that the notion that higher pay leads to the selection of better executives is undermined by the prevalence of poor recruiting methods. Moreover, higher pay fails to promote better performance. Instead, it undermines the intrinsic motivation of executives, inhibits their learning, leads them to ignore other stakeholders, and discourages them from considering the...