{"title":"An Agenda for Future Research in Forensic Economics: Setting Standards of Validity and Reliability in Measuring Progress","authors":"J. O. Ward","doi":"10.5085/jfe-482","DOIUrl":"https://doi.org/10.5085/jfe-482","url":null,"abstract":"\u0000 While considerable progress in research in the field of Forensic Economics has been achieved over the past 35 years, a number of areas of need for further research persist. This paper provides an overview of the scope of research in the field and the critiques of that research gathered through member surveys, submissions by journal editors, and publications of Richard Posner and the author.","PeriodicalId":265321,"journal":{"name":"Journal of Forensic Economics","volume":"2482 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2021-09-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"131142348","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Assessing Economic Damages in Personal Injury and Wrongful Death Litigation: The State of Arizona","authors":"Mark McKinnon","doi":"10.5085/jfe-477","DOIUrl":"https://doi.org/10.5085/jfe-477","url":null,"abstract":"\u0000 This article provides a framework for calculating economic damages in personal injury and wrongful death litigation in Arizona by providing the information necessary to produce opinions and testimony that conform to Arizona laws, rules, regulations, and practice.","PeriodicalId":265321,"journal":{"name":"Journal of Forensic Economics","volume":"41 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2021-07-19","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"115509713","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Assessing Economic Damages in Personal Injury and Wrongful Death Litigation: The State of Maryland","authors":"J. I. Rosenberg, T. C. Borzilleri","doi":"10.5085/JFE-474","DOIUrl":"https://doi.org/10.5085/JFE-474","url":null,"abstract":"\u0000 This article is one in the Journal of Forensic Economics series providing experts with information about how to prepare and testify about economic damages in personal injury and wrongful death cases in the state of Maryland.1 Topics covered include a review of the Maryland state court system, rules regarding expert testimony, and wrongful death and personal injury economic damages calculations. An Appendix contains the relevant statutes.","PeriodicalId":265321,"journal":{"name":"Journal of Forensic Economics","volume":"1 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2021-06-09","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"123916962","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Update to Assessing Economic Damages in Personal Injury and Wrongful Death Litigation: The State of Nebraska","authors":"D. Rosenbaum, Mark Richardson","doi":"10.5085/JFE-478","DOIUrl":"https://doi.org/10.5085/JFE-478","url":null,"abstract":"","PeriodicalId":265321,"journal":{"name":"Journal of Forensic Economics","volume":"11 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2021-05-14","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"123792381","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Board Members","authors":"R. Colladay, Charles F. Bolden","doi":"10.5085/jfe-29-01-fmii","DOIUrl":"https://doi.org/10.5085/jfe-29-01-fmii","url":null,"abstract":"At the request of NASA’s Exploration Systems Mission Directorate, the ASEB formed a committee to evaluate the radiation shielding requirements for human spaceflight missions to the Moon and Mars, and to recommend a strategic plan for developing the necessary radiation mitigation capabilities to enable the planned lunar architecture. The Committee on Evaluation of Radiation Shielding for Space Exploration was tasked to review current knowledge of the space radiation environment, assess the understanding of risks associated with human lunar exploration activities, review shielding approaches and capabilities, and recommend a strategy for reducing these risks, including technology investments. These strategies were to address the radiation exposure limits specified by NASA and to be consistent with NASA’s current timelines. The committee was also to consider the likely radiation mitigation needs of future human missions to Mars and give higher priority to research and development alternatives that would enhance NASA's ability to eventually meet those needs. The committee, chaired by former astronaut James (Ox) van Hoften, was formed in fall 2006, and met four times during 2006 and 2007. The committee’s report, Managing Space Radiation Risk in the New Era of Space Exploration, was released in April, 2008.","PeriodicalId":265321,"journal":{"name":"Journal of Forensic Economics","volume":"56 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2021-01-07","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"116292176","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Statement of Ethical Principles and Principles of Professional Practice National Association of Forensic Economics (NAFE)","authors":"","doi":"10.5085/jfe-29-01-fmiii","DOIUrl":"https://doi.org/10.5085/jfe-29-01-fmiii","url":null,"abstract":"Forensic economics is the scientific discipline that applies economic theories and methods to matters within a legal framework. Forensic economics covers, but is not limited to: The calculation of pecuniary damages in personal and commercial litigation. The analysis of liability, such as the statistical analysis of discrimination, the analysis of market power in antitrust disputes, and fraud detection. Other matters subject to legal review, such as public policy analysis, and business, property, and asset valuation.","PeriodicalId":265321,"journal":{"name":"Journal of Forensic Economics","volume":"293 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2021-01-07","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"117344184","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Educational Attainment Model for Children: Differential Impact of Parents' Education Level for Children Who Lived with Both Parents or Not","authors":"Eric W. Christensen","doi":"10.5085/jfe-458","DOIUrl":"https://doi.org/10.5085/jfe-458","url":null,"abstract":"\u0000 This study is a modification of the Kane, Spizman, and Donelson, (2013) model for educational attainment of children. The primary modification is to provide separate models for children who lived with both parents compared to those who did not to allow for differential impacts of family characteristics by household type on the children's educational attainment. The study also (1) captures five additional years of educational attainment data that were not available for the Kane, et al., (2013) study, (2) does not impose a functional form on some of the independent variables, (3) modifies the model to facilitate the inclusion of observations for which some data are missing, and (4) provides estimates for the average age at the time various degrees are obtained. The results show that the education levels of both parents are impactful for the educational attainment of children who lived with both parents and that there is no statistical difference between the impact of mother's and father's education level. In contrast, the results show the relatively greater impact of the mother's compared to the father's educational level on the educational attainment of children in households that did not include both parents.","PeriodicalId":265321,"journal":{"name":"Journal of Forensic Economics","volume":"43 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2020-10-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"117005136","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Update of Educational Attainment Model for a Minor Child: Round 18 of NLSY (1997)","authors":"Lawrence M. Spizman, J. Kane","doi":"10.5085/jfe-465","DOIUrl":"https://doi.org/10.5085/jfe-465","url":null,"abstract":"This paper updates the ordered probit educational attainment model by Kane, Spizman and Donelson (2013) using round 18 of the National Longitudinal Survey of Youth (1997).","PeriodicalId":265321,"journal":{"name":"Journal of Forensic Economics","volume":"54 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2020-09-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"128629695","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Labor Force Transitions by Gender: Implications for Separate and Combined Worklife Expectancy","authors":"Craig Allen","doi":"10.5085/jfe-442","DOIUrl":"https://doi.org/10.5085/jfe-442","url":null,"abstract":"\u0000 The Fair Calculations in Civil Damages Act of 2016 (the “Act”) proposes that tables of worklife expectancy not taking account of gender be used in the calculation of damages amounts for loss of earnings capacity. This study calculates worklife expectancy tables not taking account of gender, by taking weighted averages of the labor force transition probabilities used by Skoog-Ciecka-Krueger (2011) and calculating the resulting worklife expectancies using the method of Skoog (2002). The weights for the weighted averages are from the period January 2005 through December 2009.\u0000 This study then examines patterns in worklife expectancies and labor force transition probabilities and provides evidence not in support of the hypothesis that women's lower worklife expectancies are due to events limited to childbearing years. It is seen that at almost all ages and at all levels of education: women's rate of departure from the labor force exceeds that of men, women's rate of entry and return to the labor force is less than that of men, and labor force participation rates are less than those of men.\u0000 This study finds that women's lower labor force participation rates than those of men are accounted for by a greater incidence for women of the statuses “taking care of house or family” and “in retirement.”\u0000 Combined gender worklife expectancy tables are then applied to the total population, with the result that mean worklife expectancies are higher for women than men at ages 30 and under, and progressively lower for women than men as age increases beyond age 30.","PeriodicalId":265321,"journal":{"name":"Journal of Forensic Economics","volume":"4 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2020-09-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"129039260","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"The Choice of Medical Care Price Index: Implications for Life Care Plan Valuations","authors":"Patrick Gaughan, Viviane Luporini","doi":"10.5085/JFE-469","DOIUrl":"https://doi.org/10.5085/JFE-469","url":null,"abstract":"\u0000 This study examines the importance of using appropriate inflation measures in the estimation of a life care plan value. Using data from 1989 through 2018, we compare medical inflation rates measured by the Consumer Price Index Medical (CPI Medical) and the Personal Consumption Expenditures Health (PCE Health) price index while discussing the reasons why the indices differ. We also explain why certain policymakers favor the Personal Consumption Expenditure (PCE) over the Consumer Price Index (CPI). In demonstrating how the value of life care plans can differ based upon the use of either of these indices we applied 10-year historical arithmetic averages of both indices to a large hypothetical life care plan. Our calculations indicate that using the CPI versus the PCE results in a difference that is 7.5 times the initial value of the plan, after accumulation of nominal annual values that are undiscounted to present value. We also show how the difference between using the CPI Medical versus the PCE Health increases over time, implying that using one price index or the other will have a greater impact on life care plan values the longer the projection period. Our analysis shows that experts should consider the use of PCE indices when valuing life care plans.","PeriodicalId":265321,"journal":{"name":"Journal of Forensic Economics","volume":"221 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2020-09-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"133397160","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}