The Relationship between National Income and Occupational Injury

In this paper, we analyze the relationship between national GDP and safety standards by determining if the rate of fatal occupational injury is high or low. We examine countries in two broad categories: The developed markets and the emerging markets. This study is limited for the seven year range of 2001 through 2007. Among the selected countries in the developed economies are the USA, Norway, Germany, and United Kingdom. Among the selected countries in the emerging market countries are Russia, India, Mexico, and Thailand. We determine that countries in the emerging markets have higher rate of fatal occupational injury compared to the countries with developed economies. This analysis also demonstrates that national income and safety standards relate by determining the level of rate of fatal occupational injury low or high.