EconPapers    
Economics at your fingertips  
 

A methodological proposal to evaluate the cost of duration moral hazard in workplace accident insurance

Ángel Martín-Román () and Alfonso Moral ()

The European Journal of Health Economics, 2017, vol. 18, issue 9, 1181-1198

Abstract: Abstract The cost of duration moral hazard in workplace accident insurance has been amply explored by North-American scholars. 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 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 9-year period spanning 2005–2013, the cost of sick leave amongst full-time salaried workers amounted to 6920 million Euros (in constant 2011 Euros). Of this total, and bearing in mind that “economic days” are those attributable to duration moral hazard, over 3000 million Euros might be linked to workplace absenteeism. It is on this figure where economic policy measures might prove more effective.

Keywords: Workplace accident insurance; Moral hazard; Stochastic frontiers; Economic days; Physiological days (search for similar items in EconPapers)
JEL-codes: I13 I18 J28 J32 H51 (search for similar items in EconPapers)
Date: 2017
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2) Track citations by RSS feed

Downloads: (external link)
http://link.springer.com/10.1007/s10198-017-0878-6 Abstract (text/html)
Access to the full text of the articles in this series is restricted.

Related works:
Working Paper: A methodological proposal to evaluate the cost of duration moral hazard in workplace accident insurance (2015) Downloads
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:spr:eujhec:v:18:y:2017:i:9:d:10.1007_s10198-017-0878-6

Ordering information: This journal article can be ordered from
http://www.springer. ... cs/journal/10198/PS2

Access Statistics for this article

The European Journal of Health Economics is currently edited by J.-M.G.v.d. Schulenburg

More articles in The European Journal of Health Economics from Springer, Deutsche Gesellschaft für Gesundheitsökonomie (DGGÖ) Contact information at EDIRC.
Bibliographic data for series maintained by Sonal Shukla ().

 
Page updated 2019-06-11
Handle: RePEc:spr:eujhec:v:18:y:2017:i:9:d:10.1007_s10198-017-0878-6