This week I tweeted:
What argument do defenders of government-mandated airline seatbelt paternalism use? It can’t be that plane crashes aren’t salient to buyers.
This week I tweeted:
What argument do defenders of government-mandated airline seatbelt paternalism use? It can’t be that plane crashes aren’t salient to buyers.
Nov 18 2012
One advantage the United States has that Canada didn't is low interest rates. Interest rates today are much lower than when the Canadian government altered course. The yield on the ten-year Treasury bond in late June 2010, for example, was only about three percent. So, one thing the U.S. government could do quickly ...
Nov 17 2012
It's not Go Galt: It's Go to Texas. As I have noted before, the Laffer Curve--the curve that relates tax revenues to tax rates--must be correct. The relevant question is where we are on the Laffer Curve. Are we on the part of the curve--the "prohibitive region"--where an increase in marginal tax rates will reduce re...
Nov 17 2012
This week I tweeted:What argument do defenders of government-mandated airline seatbelt paternalism use? It can't be that plane crashes aren't salient to buyers.Note that I'm asking why the government has to mandate seatbelt usage. Since people overestimate the chance of dying in a plane crash, I suspect that in t...
READER COMMENTS
Nathan Smith
Nov 17 2012 at 5:05pm
Couldn’t you go even further, and say that a paternalistic government should PROHIBIT seatbelts on airplanes? Knowing the real risks of plane crashes, the government could save people from the needless discomfort they impose on themselves due to irrational overestimation of risks.
Garett Jones
Nov 17 2012 at 5:54pm
@Smith: +1
Andrew
Nov 18 2012 at 4:19am
I’m sure the airlines prefer that the government mandate it than that it be a private rule. That way if any unruly passenger tries to dispute wearing the seatbelts (or tries to smoke in the bathroom, or use their phone during the flight), the flight attendants can just say “Sorry, sir/madam, it’s a federal law,” and deflect the passenger’s annoyance off the airline onto the government. As a few people have pointed out, the airlines will never lobby against safety regulations because they want to cultivate an air of safety. But we could go further and suggest that regulatory capture allows them to encourage offloading of safety regulations onto the government.
Steve Sailer
Nov 18 2012 at 7:49am
Either the government or the insurance companies is going to impose seatbelt rules.
With respec
Nov 18 2012 at 8:16am
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Methinks
Nov 18 2012 at 10:48am
I’m pretty certain that a seatbelt won’t save my life in a plane crash, but it very well might prevent injuries (possibly life-threatening ones) during severe turbulence when the plane can drop hundreds of feet in an instant, tossing around unrestrained items including passengers. Turbulence is far more common.
I don’t see any reason for government mandates. Most of us would prefer to have the option to restrain the movement of our bodies as the plane jiggles erratically and so airlines will respond with the cheap option of a seatbelt. Yet another expensive and useless regulation.
And I suspect Steve Sailor is correct – insurance companies will mandate seatbelts. However, I prefer insurance companies mandate them as a condition of obtaining insurance to a monopoly on violent force with no skin in the game. The insurance company has every incentive to minimize idiotic and costly requirements while the government has no such incentive.
Rosa19
Nov 18 2012 at 3:42pm
i dont want to be hit and seriously hurt by someone who hasn’t used a seat belt during heavy turbulence etc…externality argument surely?
Jp
Nov 18 2012 at 4:19pm
If turbulence is the rationale then why can they serve coffee? Even the most turbulent flights I’ve been on haven’t come anywhere close to “human projectiles”, and I’ve landed in Ladakh…
AS
Nov 18 2012 at 7:46pm
Andrew’s point was my thought as well. Given that airlines would want the same rule anyway, they’d rather make someone else the bad guy who enforces it. In addition, the rule prevents entry by a low-cost competitor who would offer standing room only tickets, as Ryan Air has considered.
Insight
Nov 19 2012 at 3:58pm
“I’m pretty certain that a seatbelt won’t save my life in a plane crash”
It depends what you mean by “plane crash.” Catastrophic fall from the sky, certainly not. Runway collisions, bird strikes, landing gear failure, and similar more-survivable incidents are a different story.
Comments are closed.