The Impact of Occupational Injury Reduction on the U.S. Economy
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2006/09/01
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Description:BACKGROUND: Preventing occupational injuries reduces labor and fringe benefit costs to employers. The related savings filter through the economy, impacting its performance. This study is a first attempt to measure the impact of occupational injury reduction on national economic output, gross domestic product, national income, and employment by using an input-output model of the U.S. economy. METHODS: Occupational injury costs by industry for 1993 were used as a baseline for an input-output model, and the impact of the 38% injury rate reduction between 1993 and 2002 was measured. All computations are in year 2000 dollars. RESULTS: Declining occupational injury between 1993 and 2002 increased employment by an estimated 550,000 jobs. The increase in gross domestic product (GDP) was 25.5 billion US dollars or 9% of the average annual GDP increase from 1993 to 2002. CONCLUSIONS: These estimates represent the benefits of injury rate reduction but ignore associated prevention costs. [Description provided by NIOSH]
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ISSN:0271-3586
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Volume:49
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Issue:9
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NIOSHTIC Number:nn:20031332
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Citation:Am J Ind Med 2006 Sep; 49(9):719-727
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Contact Point Address:Pacific Institute for Research & Evaluation, Calverton, MD 20705, USA
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Email:zaloshnja@pire.org
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Federal Fiscal Year:2006
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Performing Organization:Pacific Institute for Research and Evaluation, Calverton, Maryland
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Peer Reviewed:True
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Start Date:20000601
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Source Full Name:American Journal of Industrial Medicine
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End Date:20040531
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Main Document Checksum:urn:sha-512:2a1cb224808cab21b314693ec3d65416e532644338dfc9668938e8f60349270e8d143724c52ac67d8661305036ede2ece0bf35c8c8d736ee74125953df293fcc
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