Download or read book Alternative Funding Mechanisms for Workers' Compensation written by Robert W. Klein and published by . This book was released on 2010 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Countries vary greatly with respect to how they fund workers' compensation systems in terms of the sources of funds, the mechanisms used, and the allocation of system costs among employers and others. These different funding approaches can have significant implications for system performance, including employers' incentives to promote workplace safety. Government officials and other stakeholders have a strong interest in systems in other jurisdictions as they consider improvements to their own schemes. This paper examines the major alternative approaches to funding compensation for work-related injuries and illnesses, their rationales, and their administrative and behavioural consequences. We discuss the relative advantages and disadvantages of different systems and the trends toward more refined, actuarially based approaches intended to promote greater equity and efficiency.