Original Sins of Insurance systems: The case of the Greek Occupational Risk Insurance Scheme, IKA-ETAM
关键词:
Occupational risk insurance, prevalence approach, incident approach摘要
This paper aims to estimate the cost of pensions, compensations and foregone contributions due to occupational accidents for the main Greek social security institution IKA-ETAM. Through this process, conclusions transferable to other occupational risk insurance systems are drawn. Both prevalence and incidence approach are applied on analytical data for active and new occupational accident pensions and compensations of IKA-ETAM for 2007. Cost is estimated as the difference of all costs and benefits with and without the accident. Prevalence approach leads to an estimate of €148,539,548.40 against an estimate of €77,707,206.98 with incidence approach. In both approaches, cost of temporary disability is estimated at €18,464,021.61 and foregone contributions (opportunity cost) account for 27% of total cost. Although wages raised, contribution and compensation rates remained stable and accidents decreased for IKA-ETAM contribution payers during last decades, the viability of the system is threatened. The reasons identified are a) the increase of the average time off-work per accident and b) the backload, due to the large number of accidents and pensions in the past.
##submission.downloads##
已出版
##submission.howToCite##
期
栏目
##submission.license##
The Author(s) must make formal transfer of copyright for each article prior to publication in the International Journal of Contemporary Economics and Administrative Sciences. Such transfer enables the Journal to defend itself against plagiarism and other forms of copyright infringement. Your cooperation is appreciated. You agree that copyright of your article to be published in the International Journal of Contemporary Economics and Administrative Sciences is hereby transferred, throughout the World and for the full term and all extensions and renewals thereof, to International Journal of Contemporary Economics and Administrative Sciences.
The Author(s) reserve(s): (a) the trademark rights and patent rights, if any, and (b) the right to use all or part of the information contained in this article in future, non-commercial works of the Author's own, or, if the article is a "work-for-hire" and made within the scope of the Author's employment, the employer may use all or part of the information contained in this article for intra-company use, provided the usual acknowledgements are given regarding copyright notice and reference to the original publication.
The Author(s) warrant(s) that the article is Author's original work, and has not been published before. If excerpts from copyrighted works are included, the Author will obtain written permission from the copyright owners and shall credit the sources in the article. The author also warrants that the article contains no libelous or unlawful statements, and does not infringe on the rights of others. If the article was prepared jointly with other Author(s), the Author agrees to inform the co-Author(s) of the terms of the copyright transfer and to sign on their behalf; or in the case of a "work-for-hire" the employer or an authorized representative of the employer.
The journal is registered with the ISSN : 1925-4423.
IJCEAS is licensed under a Creative Commons Attribution 4.0 International License.
This license lets others distribute, remix, tweak, and build upon your work, even commercially, as long as they credit you for the original creation. This is the most accommodating of licenses offered. Recommended for maximum dissemination and use of licensed materials.
