Computing economic loss in cases of wrongful death / Elizabeth M. King, James P. Smith.

By:

King, Elizabeth M [author.]

Contributor(s):

Publisher: Santa Monica, CA : RAND, 1988Description: xxii, 124, [6] pages ; 28 cmContent type:

text

Media type:

computer
unmediated

Carrier type:

online resource
volume

ISBN:

0833008889

Subject(s):

Genre/Form:

Electronic books.

LOC classification:

KF1260 .K56 1988

Online resources:

Click here to access online

Available additional physical forms:

Also available on the internet via WWW in PDF format.

Summary: This report outlines a new method for computing economic loss in cases of wrongful death. The authors use the human capital (or lost economic output) approach because it dominates actual litigation. In this conceptual model, economic loss is the value of the decedent's lost future productivity, market and nonmarket. The methodology includes seven elements: (1) base-year incomes, (2) salary growth, (3) worklife discounts, (4) nonmarket loss, (5) personal consumption offset, (6) taxes, and (7) discount rates. The methodology can be applied in a wide range of tort cases besides wrongful death.

Item type:

eBooks

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"The Institute for Civil Justice."

Includes bibliographical references (p. 119-124)

This report outlines a new method for computing economic loss in cases of wrongful death. The authors use the human capital (or lost economic output) approach because it dominates actual litigation. In this conceptual model, economic loss is the value of the decedent's lost future productivity, market and nonmarket. The methodology includes seven elements: (1) base-year incomes, (2) salary growth, (3) worklife discounts, (4) nonmarket loss, (5) personal consumption offset, (6) taxes, and (7) discount rates. The methodology can be applied in a wide range of tort cases besides wrongful death.

Also available on the internet via WWW in PDF format.

Description based on print version record.