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http://dx.doi.org/10.5345/JKIBC.2021.21.5.409

Cost-Benefit Analysis on the Economic Effectiveness of Safety and Health Ledger  

Lim, Se-Jong (Construction Industrial Accident Prevention Policy Division, Ministry of Employment and Labor)
Won, Jeong-Hun (Department of Safety Engineering & Department of Big Data, Chungbuk National University)
Shin, Seung-Hyeon (Department of Big Data, Chungbuk National University)
Seo, Jae-Min (Occupational Safety Division, Ministry of Employment and Labor)
Publication Information
Journal of the Korea Institute of Building Construction / v.21, no.5, 2021 , pp. 409-420 More about this Journal
Abstract
The safety and health ledger system, which gives the responsibility of safety and health management for construction site workers to the construction project owner, was introduced as part of the overall revision of the Occupational Safety and Health Act. There is a need to explain the system's effectiveness in terms of economic feasibility to solve the execution problem of the system caused by low awareness and implementation rate. In this study, the economic effect of implementing the safety and health ledger system was analyzed using cost-benefit analysis based on the data discussed at the time of the introduction of the system. Results show that creating and managing the design safety and health ledger caused additional costs in implementing the system. As a result of comparing the cost of preparation and the direct and indirect benefits caused by the reduction of industrial accidents, the benefits were evaluated higher than the costs. Thus, it is thought that the safety and health ledger system reduces construction work accidents and generates economic effects.
Keywords
safety and health ledger; construction project owner; economic effect; cost-benefit analysis;
Citations & Related Records
Times Cited By KSCI : 1  (Citation Analysis)
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