Compensation for Occupational Diseases and the Importance of Prevention: A Law and Economics Perspective

M.G. Faure*

*Corresponding author for this work

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Abstract

This paper deals with possible compensation mechanisms for damage caused by occupational diseases. Specific attention is paid to the potential influence of these compensation mechanisms on prevention of work related incidents. The economic analysis of law is used to pay attention to liability and liability insurance whereby both the preventive effects of liability and liability insurance are discussed as well as their capacity to compensate. Attention is equally paid to social security, compensation funds and first party as well as direct insurance schemes. Some empirical evidence concerning the effectiveness of various compensation mechanisms as far as the prevention of occupational diseases is concerned is also discussed.
Original languageEnglish
Pages (from-to)127-168
JournalEuropean Journal of Social Security
Volume9
DOIs
Publication statusPublished - 1 Jan 2007

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