Bicycle helmet law for Germany is found to be a waste of resources

Costs and benefits of a bicycle helmet law for Germany Gernot Sieg. Here is the abstract:

"This study presents a cost–benefit analysis of a law requiring cyclists to wear a helmet when riding a bicycle in Germany. The cost benefit-analysis takes into account the benefit of increased security when cyclists wear a helmet or use a transport mode that is less risky than cycling. The analysis also considers the cost of purchasing helmets, reduced fitness when cycling is replaced by a motorized transport mode, the discomfort of wearing helmets and environmental externalities. The benefits of a helmet law are estimated at about 0.7 of the costs. A bicycle helmet law for Germany is found to be a waste of resources."