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Workers’ compensation Insurance Arrangements: Does the model make a difference? Part 2

Workers' Compensation Perspectives

Compensation rates in the US are typically 66 2/3rds of gross earnings while Canadian compensation rates are typically 85-90% of net (spendable) earnings—the latter often providing a greater level of income replacement across all income classes, particularly where progressive tax regimes are in place. within a range of 0.54

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Workers’ Compensation Insurance Arrangements: Does the model make a difference? Part 1

Workers' Compensation Perspectives

Australian and New Zealand workers’ compensation systems include exclusive, centrally funded and privately underwritten workers’ compensation “schemes” [a term used in Australian/New Zealand, analogous to insurance system or arrangement]. Tax structures can also create cost differentials. are equal).