{"title":"Assessing Economic Damages in Personal Injury and Wrongful Death Litigation: The State of Iowa","authors":"D. Rosenbaum, Kimberly P. Knoshaug","doi":"10.5085/JFE432.1","DOIUrl":"https://doi.org/10.5085/JFE432.1","url":null,"abstract":"Abstract This article presents a framework for computing damages in Iowa personal injury and wrongful death cases. The analysis is based on statute, common law, case law, jury instructions, and practice. Elements unique to personal injury and wrongful death cases are discussed, as well as elements common to both. Iowa proves to be somewhat unique in damages allowed in cases of wrongful death. The role and requirements for damage experts are examined as well.","PeriodicalId":265321,"journal":{"name":"Journal of Forensic Economics","volume":"5 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2018-04-05","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"133386495","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":"Forensic Economics: Assessing Personal Damages in Civil LitigationForensic Economics: Assessing Personal Damages in Civil Litigation, Frank D. Tinari, Editor, New York: Palgrave Macmillan, 2016, 327 pages, ISBN978-1-137-57109-0","authors":"M. Vernarelli","doi":"10.5085/JFE-433","DOIUrl":"https://doi.org/10.5085/JFE-433","url":null,"abstract":"","PeriodicalId":265321,"journal":{"name":"Journal of Forensic Economics","volume":"20 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2017-08-04","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"132355116","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":"Maternal Household Services and Children","authors":"C. Baum, J. Rodgers","doi":"10.5085/405.1","DOIUrl":"https://doi.org/10.5085/405.1","url":null,"abstract":"Abstract Forensic economists in wrongful death cases are often asked to calculate the present value of household services a decedent otherwise would have provided. In this paper, we calculate the amount of time mothers allocate to provide household services on average by the age of the youngest child and by the number of children using 2003-2013 American Time Use Survey (ATUS) data. We separately examine household production and time caring and helping others. Our results show that mothers with younger children and more children generally allocate more time for household services. However, while maternal caring and helping time decreases with the age of the youngest child, maternal household production increases with the age of the youngest child. In contrast to other published sources, the information we provide will allow economists to adjust for the number of children, and to better adjust for the age of the youngest household child, when calculating the present value of lost household production in wr...","PeriodicalId":265321,"journal":{"name":"Journal of Forensic Economics","volume":"15 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2017-08-04","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"129490244","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":"Retiring the Historical Net Discount Rate","authors":"K. Krueger","doi":"10.5085/372.1","DOIUrl":"https://doi.org/10.5085/372.1","url":null,"abstract":"The methodology of using a net discount rate (“NDR”) to calculate the present value of future labor earnings is now over 50 years old. First found in public health economics, the earnings NDR later reached forensic economics where it was adapted to other calculations such as the present value of medical costs. At first, some forensic economists embraced the historically determined wage NDR arguing that it was simple, fair, and 0p since annual wage growth and interest rates had been fairly equal to that time. The 0p wage NDR did not sit well with some other forensic economists, and so a discourse began in the literature regarding its numeric value. Largely missing from the debate has been an analysis of the historically determined NDR, as it has been constructed and used, as a legitimate present value methodology. Building upon the initial criticisms of the NDR by Jones (1985, 1986) and the recent work of Foster (2015), this article examines the historical wage NDR method and concludes that, for several reasons, it is theoretically faulty, empirically inconsistent, and not relevant to forensic economics.","PeriodicalId":265321,"journal":{"name":"Journal of Forensic Economics","volume":"15 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2016-12-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"115439454","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":"An Alternative Estimation Technique for Determining Discount Rates and Earnings Growth Rates in Wrongful Death and Personal Injury Cases","authors":"Paul M. Mason, Andres Gallo","doi":"10.5085/JFE-397.1","DOIUrl":"https://doi.org/10.5085/JFE-397.1","url":null,"abstract":"Regardless of the time period studied since the 1970s ended, without adjustments for structural factors, both real and nominal interest rates across the spectrum of maturities exhibit non-stationary processes with a unit root. Consequently, simply employing past means of either real or nominal yields losses a degree of credibility. Focusing on the period of the “Great Moderation,” employing structural break analysis can remove the non-stationarity so that forensic economists can chose not to use more complex ARIMA models, stochastic properties of interest rates, or estimating methods more complex than these. Rather, following the analysis in this paper, forensic economists can employ one of a small number of discount rates from a not too distant past time period that reflect systematic variations more likely to be consistent with predictable future interest rates.","PeriodicalId":265321,"journal":{"name":"Journal of Forensic Economics","volume":"26 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2016-12-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"130801199","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 andWrongful Death Litigation in Florida","authors":"David R. Williams","doi":"10.5085/415.1","DOIUrl":"https://doi.org/10.5085/415.1","url":null,"abstract":"Abstract Current changes in personal injury and wrongful death litigation in the state of Florida.","PeriodicalId":265321,"journal":{"name":"Journal of Forensic Economics","volume":"19 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2016-12-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"131234389","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 Nebraska","authors":"D. Rosenbaum, Mark Richardson","doi":"10.5085/JFE-406.1","DOIUrl":"https://doi.org/10.5085/JFE-406.1","url":null,"abstract":"This article presents a framework for computing damages in Nebraska personal injury and wrongful death cases. The analysis is based on statute, common law, case law, jury instructions and practice. Elements unique to personal injury and wrongful death cases are discussed, as well as elements common to both. The role and requirements for damage experts are examined, as are the work product and likelihood of deposition and testimony.","PeriodicalId":265321,"journal":{"name":"Journal of Forensic Economics","volume":"8 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2016-12-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"131108798","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":"Taxes and Value: The Ongoing Research and Analysis Relating to the S Corporation Valuation Puzzle","authors":"Gene A. Trevino","doi":"10.5085/JFE-418.1","DOIUrl":"https://doi.org/10.5085/JFE-418.1","url":null,"abstract":"","PeriodicalId":265321,"journal":{"name":"Journal of Forensic Economics","volume":"40 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2016-12-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"123844318","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 andWrongful Death Litigation: The State of Utah","authors":"T. Bowles","doi":"10.5085/JFE-413.1","DOIUrl":"https://doi.org/10.5085/JFE-413.1","url":null,"abstract":"Abstract Current changes to personal injury and wrongful death litigation in the state of Utah.","PeriodicalId":265321,"journal":{"name":"Journal of Forensic Economics","volume":"63 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2016-12-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"134139458","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":"How Our Days Became Numbered","authors":"Frank L. Slesnick","doi":"10.5085/JFE-420.1","DOIUrl":"https://doi.org/10.5085/JFE-420.1","url":null,"abstract":"","PeriodicalId":265321,"journal":{"name":"Journal of Forensic Economics","volume":"14 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2016-12-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"134350034","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}