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The National Industrial Recovery Act, a short-lived New Deal program, sought to encourage business leaders and workers, with government supervision, to resolve conflicts and thereby increase productivity and efficiency. Thus, employers and their employees have a strong incentive to substitute broader and deeper health insurance coverage for money wages. New evidence is provided by these data that R&D investments are negatively correlated with commercialization lags. Some European countries started with compulsory sickness insurance, one of the first systems, for workers beginning in Germany in 1883; other countries including Austria, Hungary, Norway, Britain, Russia, and the Netherlands followed all the way through 1912.

Pages: 78

Publisher: Pallia Med Verlag Bonn (December 15, 2014)


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