How to Calculate and Prove Economic Loss
This toolbook is loaded with practical forms, procedures, tables, and tactics from two veteran economists who have consulted on thousands of cases. The explanations are thorough, the math is straightforward, and the advice is detailed and valuable. Whether or not your case justifies retaining an expert, Determining Economic Damages can guide you start-to-finish through damage assessment and proof:
- Determine past and future income losses.
- Compute the value of fringe benefits.
- Adjust for personal consumption.
- Adjust for income taxes.
- Measure the replacement value of household services.
- Compute life and worklife expectancy.
- Convert medical and rehabilitation reports into dollar values.
- Convert future losses to their present value.
- Put everything together to calculate loss.
- Prepare your case and expert for trial.
- Depose and cross-examine the opposing expert.
Determining Economic Damages comes with over 100 questionnaires, Tables, and Worksheets developed by expert finance professor Dr. Gerald Martin and as of 2012, Forensic Economist Marc Weinstein. Some of the helpful forms include:
The Economist
Questions for Qualifying your Expert at Trial, Preparing Your Expert for Trial, Government Agency Addresses, Suggested Personal Library Holdings, Personal Injury/Wrongful Death Bibliography, Checklists of Information to be Provided by Attorney, Checklist of Information to be Provided by Economist, Personal Injury Questionnaire, Wrongful Death Questionnaire, Wrongful Termination Questionnaire
Past & Future Earnings
Table of Average Weekly Hours Earnings, Wage Growth in Different Industries, Changes in Consumer Price Indexes 1913-96, Productivity Trends in Selected Industries, Tables of Earnings for College Graduates by 6 Variables, Household Data, Median Weekly Earnings, 12 Tables of Geographic Comparisons, Farm Worker Demographics and Earnings, Consumer Price Index: Transportation and Medical Care, Index of Prices for Farmers, Union Contract Excerpt, Cohort Tables, Earnings Forecasts 1994-2075, Inflation Forecasts, and dozens more tables
Determining the Value of Benefits
Employer Costs, Employment Cost Index for Civilian Workers 1982-96, Total Benefits as Percent of Payroll, Adjusting for Personal Consumption and Support Factors, Personal Injury Report, Wrongful Death Report, Wrongful Birth Report, With Samples: Summary of Losses, Basis for Evaluation, Calculations
The Value of Household Services
Personal Injury Report, Wrongful Death Report, Wrongful Birth Report, With Samples: Summary of Losses, Basis for Evaluation, Calculations
Life and Work Expectancy
Personal Injury Report, Wrongful Death Report, Wrongful Birth Report, With Samples: Summary of Losses, Basis for Evaluation, Calculations
Using Reports of Medical and Rehabilitation Experts
Personal Injury Report, Wrongful Death Report, Wrongful Birth Report, With Samples: Summary of Losses, Basis for Evaluation, Calculations
Methods to Calculate Losses
Personal Injury Report, Wrongful Death Report, Wrongful Birth Report, With Samples: Summary of Losses, Basis for Evaluation, Calculations
Putting It All Together
Summary of Losses (Personal Injury, Wrongful Death, Wrongful Birth), Basis for Evaluation, Calculations of Losses
Use proven procedures, checklists, samples and tables to value economic loss in wrongful death and PI cases. Learn how to calculate damages, what to ask an expert economist, which tables to consult for current information on damages and more. This book also comes with a free searchable CD-ROM.
Determining Economic Damages
