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The economic cost of fatal workplace accidents in Sweden – A methodology for long-term decision analysis
BACKGROUND: The few studies attempting to estimate costs of fatal accidents at workplaces suffer from poor or obscure applied methodologies. As the costs are often limited for the exposed company/industry in the short run, economic decisions about investments to improve the safety and security of wo...
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Formato: | Online Artículo Texto |
Lenguaje: | English |
Publicado: |
IOS Press
2023
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Materias: | |
Acceso en línea: | https://www.ncbi.nlm.nih.gov/pmc/articles/PMC10200195/ https://www.ncbi.nlm.nih.gov/pubmed/36591667 http://dx.doi.org/10.3233/WOR-211120 |
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author | Rezagholi, Mahmoud |
author_facet | Rezagholi, Mahmoud |
author_sort | Rezagholi, Mahmoud |
collection | PubMed |
description | BACKGROUND: The few studies attempting to estimate costs of fatal accidents at workplaces suffer from poor or obscure applied methodologies. As the costs are often limited for the exposed company/industry in the short run, economic decisions about investments to improve the safety and security of workplaces are moreover not made at the societal level nor within an appropriate time frame. In a social economic decision, the total potential productivity lost over time due to a fatal accident is considered regardless of who pays what compensation to the families involved. OBJECTIVE: This study introduces a methodology appropriate for making long-term economic decisions at the societal level to prevent accidents in Swedish workplaces. METHODS: The introduced methodology, which is based on the human capital approach, is used to assess potential productivity losses associated with the accidents. RESULTS: The empirical findings show that, over the period 2008–2019, Swedish society could have gained more than 8.5 billion Swedish crowns by preventing accidents at Swedish workplaces. CONCLUSION: The objective achieved as the economic cost of fatal workplace accidents assessed from a long-term societal perspective. Effective preventive measures in the workplace make thus an incredible contribution to society in the form of increased national income, sustainable welfare and economic development. |
format | Online Article Text |
id | pubmed-10200195 |
institution | National Center for Biotechnology Information |
language | English |
publishDate | 2023 |
publisher | IOS Press |
record_format | MEDLINE/PubMed |
spelling | pubmed-102001952023-05-22 The economic cost of fatal workplace accidents in Sweden – A methodology for long-term decision analysis Rezagholi, Mahmoud Work Research Article BACKGROUND: The few studies attempting to estimate costs of fatal accidents at workplaces suffer from poor or obscure applied methodologies. As the costs are often limited for the exposed company/industry in the short run, economic decisions about investments to improve the safety and security of workplaces are moreover not made at the societal level nor within an appropriate time frame. In a social economic decision, the total potential productivity lost over time due to a fatal accident is considered regardless of who pays what compensation to the families involved. OBJECTIVE: This study introduces a methodology appropriate for making long-term economic decisions at the societal level to prevent accidents in Swedish workplaces. METHODS: The introduced methodology, which is based on the human capital approach, is used to assess potential productivity losses associated with the accidents. RESULTS: The empirical findings show that, over the period 2008–2019, Swedish society could have gained more than 8.5 billion Swedish crowns by preventing accidents at Swedish workplaces. CONCLUSION: The objective achieved as the economic cost of fatal workplace accidents assessed from a long-term societal perspective. Effective preventive measures in the workplace make thus an incredible contribution to society in the form of increased national income, sustainable welfare and economic development. IOS Press 2023-05-16 /pmc/articles/PMC10200195/ /pubmed/36591667 http://dx.doi.org/10.3233/WOR-211120 Text en © 2023 – The authors. Published by IOS Press https://creativecommons.org/licenses/by/4.0/This is an open access article distributed under the terms of the Creative Commons Attribution (CC BY 4.0) License (https://creativecommons.org/licenses/by/4.0/) . |
spellingShingle | Research Article Rezagholi, Mahmoud The economic cost of fatal workplace accidents in Sweden – A methodology for long-term decision analysis |
title | The economic cost of fatal workplace accidents in Sweden – A methodology for long-term decision analysis |
title_full | The economic cost of fatal workplace accidents in Sweden – A methodology for long-term decision analysis |
title_fullStr | The economic cost of fatal workplace accidents in Sweden – A methodology for long-term decision analysis |
title_full_unstemmed | The economic cost of fatal workplace accidents in Sweden – A methodology for long-term decision analysis |
title_short | The economic cost of fatal workplace accidents in Sweden – A methodology for long-term decision analysis |
title_sort | economic cost of fatal workplace accidents in sweden – a methodology for long-term decision analysis |
topic | Research Article |
url | https://www.ncbi.nlm.nih.gov/pmc/articles/PMC10200195/ https://www.ncbi.nlm.nih.gov/pubmed/36591667 http://dx.doi.org/10.3233/WOR-211120 |
work_keys_str_mv | AT rezagholimahmoud theeconomiccostoffatalworkplaceaccidentsinswedenamethodologyforlongtermdecisionanalysis AT rezagholimahmoud economiccostoffatalworkplaceaccidentsinswedenamethodologyforlongtermdecisionanalysis |