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• W2982105655 abstract "We investigate how demand conditions affect employers’ provision of safety—something about which theory is ambivalent. Positive demand shocks relax financial constraints that limit safety investment but simultaneously raise the opportunity cost of increasing safety rather than production. We study the US metals mining sector, leveraging exogenous demand shocks from short-term variation in global commodity prices. We find that positive price shocks substantially increase workplace injury rates and safety regulation noncompliance. While these results indicate the general dominance of the opportunity cost effect, shocks that only increase mines’ cash flow lower injury rates, illustrating that financial constraints also affect safety." @default.
• W2982105655 created "2019-11-01" @default.
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• W2982105655 date "2022-01-01" @default.
• W2982105655 modified "2023-10-02" @default.
• W2982105655 title "Demand Conditions and Worker Safety: Evidence from Price Shocks in Mining" @default.
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• W2982105655 doi "https://doi.org/10.1086/713887" @default.
• W2982105655 hasPublicationYear "2022" @default.
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