{"title":"Editors' Note","authors":"Lawrence M. Spizman, Steven J. Shapiro","doi":"10.5085/jfe-441","DOIUrl":"https://doi.org/10.5085/jfe-441","url":null,"abstract":"","PeriodicalId":265321,"journal":{"name":"Journal of Forensic Economics","volume":"28 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":"117122775","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":"Damages to a Child and the Proposed Fair Calculations Act: A Case Study","authors":"Lawrence M. Spizman","doi":"10.5085/jfe-445","DOIUrl":"https://doi.org/10.5085/jfe-445","url":null,"abstract":"The Fair Calculations Act seeks to prohibit courts from using race, ethnicity, gender, religion, or actual or perceived sexual orientation in awarding damages to plaintiffs in civil actions. The legislation died in the 114th Congress but a similar bill was introduced in the House of Representatives and the Senate on September 19, 2019 and is in the early stage of the legislative process. California's Senate Bill No. 41 (2019) which is similar to the Fair Calculations Act became law on January 1, 2020. This case study examines economic damages of a male and female child suffering the same traumatic injury from an automobile collision shortly after birth assuming that some future version of the Fair Calculation Act becomes law.","PeriodicalId":265321,"journal":{"name":"Journal of Forensic Economics","volume":"21 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":"128578410","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":"Worklife Expectancies of Railroad Workers Based on the Twenty-Seventh Actuarial Valuation Using Competing Risks/Multiple Decrement Theory and the Markov Railroad Model","authors":"James E Ciecka, Gary R. Skoog","doi":"10.5085/jfe-472","DOIUrl":"https://doi.org/10.5085/jfe-472","url":null,"abstract":"\u0000 This paper contains worklife expectancies (WLE) of railroad workers based on the Twenty-Seventh Actuarial Valuation (Bureau of the Actuary, 2018), thereby updating the previous study of railroad workers' WLE based on the Twenty-Fifth Actuarial Valuation (Bureau of the Actuary, 2012). The main results of this paper are shown in a set of tables.1","PeriodicalId":265321,"journal":{"name":"Journal of Forensic Economics","volume":"62 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":"131355044","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":"Use of Healthy Life Expectancy to Estimate Future Provision of Household and Personal Use Services","authors":"Edward Foster","doi":"10.5085/JFE-463","DOIUrl":"https://doi.org/10.5085/JFE-463","url":null,"abstract":"\u0000 Healthy life expectancy (HLE) combines a measure of morbidity with life expectancy to measure the average years of healthy life (YHL) projected for a cohort based on age, sex, and perhaps race or other characteristics, developed by public health officials to set goals and measure accomplishments in improving public health. Some forensic economists have adopted this data source to project how far into the future lost household or personal services should appropriately be claimed in case of death or injury. The measure of YHL adopted for the U.S. by the Department of Health and Human Services is not well suited to this forensic economic application; in the author's opinion, it is likely to overstate years of lost provision of household or personal services for an average member of the cohort; whether or not this opinion is correct, use of HLE invites vigorous cross-examination. The note concludes with suggested modification that would remove two objections to use of the measure for forensic economic application.","PeriodicalId":265321,"journal":{"name":"Journal of Forensic Economics","volume":"59 1 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2020-01-14","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"130602648","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 Markov Model of Labor Force Activity 2012-17: Extended Tables of Central Tendency, Shape, Percentile Points, and Bootstrap Standard Errors","authors":"Gary R. Skoog, James E Ciecka, K. Krueger","doi":"10.5085/JFE-457","DOIUrl":"https://doi.org/10.5085/JFE-457","url":null,"abstract":"\u0000 This paper updates the Skoog-Ciecka-Krueger (2011) study which used 2005-09 U.S. population labor force data to estimate worklife expectancies. This update presents estimates using 2012-17 labor force data for persons ages 18 and over by sex and education. These updated estimates are presented as before as a set of worklife tables, including extended probability calculations and other statistical measures useful to forensic economists. Transition probabilities, by age, gender, and education, are contained in the electronic supplementary materials.","PeriodicalId":265321,"journal":{"name":"Journal of Forensic Economics","volume":"138 ","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2019-11-14","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"133454713","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":"Incongruent Court Advice: Examining Fair Value and Fair Market Value Standards in Commercial Damage Cases Pursuant to Minority Claims","authors":"Christopher Young, James Janos","doi":"10.5085/jfe-425","DOIUrl":"https://doi.org/10.5085/jfe-425","url":null,"abstract":"\u0000 The standard of value in shareholder oppression and dissolution cases for a valuation of a minority shareholder's interest in a business in most U.S. states is fair value. The fair value standard in most U.S. states excludes discounts for control and lack of marketability. However, the three valuation approaches commonly used (income, market, and asset) all yield different levels of value. Consequently, this can unfairly negatively or positively impact minority and oppressed shareholders. In this paper we examine these inconsistencies and offer a solution to arriving at a level of value the trier of fact is seeking to obtain.","PeriodicalId":265321,"journal":{"name":"Journal of Forensic Economics","volume":"184 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2019-11-14","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"130829995","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 New Mexico","authors":"Antonio Ávalos, R. Alley, P. Ganderton","doi":"10.5085/jfe-455","DOIUrl":"https://doi.org/10.5085/jfe-455","url":null,"abstract":"\u0000 This article contributes to the Journal of Forensic Economics series on economic damages assessment in individual states by presenting the framework for calculating economic damages in personal injury and wrongful death actions in the State of New Mexico. Topics covered include a review of the New Mexico state court system, procedural rules regarding expert testimony and related discovery, wrongful death and personal injury relevant economic damages calculations, and testimony regarding value of life damages. Other topics relevant to the practicing forensic economist are also discussed.","PeriodicalId":265321,"journal":{"name":"Journal of Forensic Economics","volume":"9 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2019-11-14","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"134602145","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 Markov Model of Years to Final Separation from the Labor Force 2012-17: Extended Tables of Central Tendency, Shape, Percentile Points, and Bootstrap Standard Errors","authors":"Gary R. Skoog, James E Ciecka, K. Krueger","doi":"10.5085/jfe-460","DOIUrl":"https://doi.org/10.5085/jfe-460","url":null,"abstract":"\u0000 In this paper, we estimate characteristics of years to final separation from the labor force. We use data for the same time period, the same data set, the same education groups for both genders, and similar recursive methods as in our paper on years of labor force activity (Skoog, Ciecka, and Krueger, 2019). Years of labor market activity are a subset of years to final separation from the labor force, with the latter including any years of inactivity that occur prior to final labor force separation. The last set of extended tables for years to final separation from the labor force appeared in 2003 and was based on 1997-98 data (Skoog and Ciecka, 2003).","PeriodicalId":265321,"journal":{"name":"Journal of Forensic Economics","volume":"34 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2019-11-14","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"122085322","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 Economics Damages in Personal Injury and Wrongful Death Litigation: The State of West Virginia","authors":"George A. Barrett","doi":"10.5085/jfe-417","DOIUrl":"https://doi.org/10.5085/jfe-417","url":null,"abstract":"Current changes in Personal Injury and Wrongful Death in the state of West Virginia.","PeriodicalId":265321,"journal":{"name":"Journal of Forensic Economics","volume":"37 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2019-09-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"127596845","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":"General Guidelines for the Conversion of Damages Calculated in Foreign Currency: Tort Claims","authors":"Antonio Ávalos","doi":"10.5085/JFE-450","DOIUrl":"https://doi.org/10.5085/JFE-450","url":null,"abstract":"\u0000 This paper contributes to the debate about determining the proper procedures for the conversion of damages calculated in foreign currency into U.S. dollars by offering general guidelines applicable to tort claims. The analysis expands beyond the typical discussion of selecting the appropriate conversion date by examining other relevant economic factors such as exchange rate risk allocation, the application of an adequate interest rate for the calculation of pre- and post-judgment interest, and the implications of the currency in which the plaintiff suffers the loss. While aiming at properly and fairly compensating the plaintiff as the essential goal of the law on damages, the general guidelines for damages conversion presented rely more on economic principles than on legal arguments.","PeriodicalId":265321,"journal":{"name":"Journal of Forensic Economics","volume":"10 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2019-09-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"133118741","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}