A procedure for annually estimating wage losses due to accidents in the U.S. |
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| Institution: | 1. Department of Civil Engineering, Science and Research Branch, Islamic Azad University, Tehran, Iran;2. Department of Civil Engineering, Payam-e-Noor University, Tehran, Iran;3. Department of Polymer and Chemistry, Payam-e-Noor University, Tehran, Iran;1. Department of Medical Physics, University of Thessaly, Larissa, Greece;2. Hazardous Agents Department, OHS Directorate, Hellenic Ministry of Labor, Athens, Greece;3. Lighting Laboratory, National Technical University of Athens, Greece;4. Naval Architecture and Marine Engineering, National Technical University of Athens, Greece;5. Lighting Three Technology, Lamias 1, Argyroupoli, Greece;1. Mayo Clinic, Robert D. and Patricia E. Kern Center for the Science of Health Care Delivery, Rochester, Minnesota;2. Department of Health Sciences Research, Mayo Clinic, Rochester, Minnesota;3. Department of Neurological Sciences, University of Nebraska Medical Center, Omaha, Nebraska;4. Department of Surgery, Mayo Clinic, Rochester, Minnesota;1. School of Health Sciences, Purdue University, West Lafayette, IN, USA;2. Department of Radiology and Imaging Sciences, Indiana University School of Medicine, Indianapolis, IN, USA;3. Department of Speech, Language and Hearing Sciences, Purdue University, West Lafayette, IN, USA;4. Department of Radiology, Mayo Clinic, Rochester, MN, USA;5. Department of Statistics, Purdue University, IN, USA;6. Yildiz Technical University, Istanbul, Turkey;7. Department of Neurology, Indiana University School of Medicine, Indianapolis, IN, USA |
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| Abstract: | The demand for accident cost information has increased in recent times as safety professionals seek to compare accident costs with other societal problems. Addressing one component of accident costs, this study proposes a procedure for estimating the cost of lost wages due to accidents with separate estimates generated for motor vehicle, work, home, and public accidents, as well as the overall total. Estimates were developed from data that can be updated annually so that cost estimates can be kept current. Deaths, permanent disabilities, and temporary disabilities of workers were included as part of the framework. In addition, the value of homemaker services lost due to accidents was estimated. The procedure utilized the ‘human capital’ approach, whereby the discounted present value of lost future earnings is taken as the appropriate measure of the productivity loss to society due to accidents. Other cost estimating approaches were discussed. Using this procedure, it was estimated that accidental injuries resulted in $31.1 billion in wage losses in 1985, about 1.6% of all wages and salaries paid in that year. |
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