Evidence on risk compensation and safety behaviour

Citation
P. Mccarthy et Wk. Talley, Evidence on risk compensation and safety behaviour, ECON LETT, 62(1), 1999, pp. 91-96
Citations number
11
Categorie Soggetti
Economics
Journal title
ECONOMICS LETTERS
ISSN journal
01651765 → ACNP
Volume
62
Issue
1
Year of publication
1999
Pages
91 - 96
Database
ISI
SICI code
0165-1765(199901)62:1<91:EORCAS>2.0.ZU;2-V
Abstract
Risk compensation effects occur when changes in risk-related factors lead t o offsetting or reinforcing behaviors. An empirical analysis of recreationa l boating accidents between 1989 and 1993 suggests that compensating behavi or can be offsetting or reinforcing, depending upon the individual safety b ehavior through which the compensating effect occurs, and can occur through the safety behavior of both the operator and passenger. Cumulative experie nce and formal training have compensation effects that depend upon the adju stment margin. An implication from this is the need for additional research on identifying adjustment margins through which individuals compensate. Th is information will assist policy makers whose objectives are to implement regulatory policies that most effectively produce safety enhancing behaviou rs. (C) 1999 Elsevier Science S.A. All rights reserved.