The Essential Factors in the Computation of the Cost of Workmen's Compensation

Abstract
Had the originator of the saying, "Comparisons are odious," ever heard of the subject of workmen's compensation, he would have been more likely to have said, "Comparisons are essential." "The function of statistics in social studies is to afford a definite quantitative measure of forces and tendencies concerning which there are conflicting opinions because of the wide fluctuations occurring in the narrow field of the individual observer's experience or knowledge." This definition which I quoted is from the report of the Commission on Compensation for Industrial Accidents of Massachusetts, which Commission drafted our Compensation Statute and carried out the investigations and preliminary work in connection therewith.
Volume
II
Page
173-189
Year
1915
Categories
Actuarial Applications and Methodologies
Ratemaking
Classification Plans
Actuarial Applications and Methodologies
Data Management and Information
Data Collection and Statistical Reporting
Actuarial Applications and Methodologies
Data Management and Information
Statistical Plans
Business Areas
Workers Compensation
Publications
Proceedings of the Casualty Actuarial Society
Authors
William N Magoun