Workers' Compensation Fiscal Structure and Economic Growth - a West Virginia Issue?
Posted: 15 Mar 2002
Richard Hatcher, Michael J. Hicks, and Kristy L. Wilburn ask whether West Virginia's workers' compensation system retards the state's economic growth and conclude that it does not.
The authors found that during 19 of the 21 years included in a study, West Virginia employers expended a lower percentage of payroll on workers' compensation than comparable employers did on average in 47 other jurisdictions.
Changes in workers' compensation benefits paid may have a statistically significant impact on economic development in just over half the states. However, the impact is so small that it is economically insignificant, the authors say.
Suggested Citation: Suggested Citation