Product Description
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. 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.
REVISION 26 HIGHLIGHTS
Determining Economic Damages guides you start-to-finish through damage assessment and proof. Learn how economic damages are calculated, what to ask a forensic economist, which tables to consult for current data on which to base damages calculations and more.
New in this edition are:
Chapter 8 Income Tax Consequences of Damages Awards and Settlements.
This chapter has been extensively revised and updated to address:
- Income taxation of damages awards and settlements in general.
- Exception from taxation of damages for personal physical injury and physical sickness.
- Detailed example showing how the adjustment for tax-advantaged personal injury damages is made.
- Added awards to offset adverse tax consequences.
Chapter 15 Damages in Employment Disputes
This is a completely new chapter covering:
- Overview of applicable legislation.
- Current trends.
- Alternative dispute resolution.
- Economist’s role.
- Statistical analysis.
- Types of claims.
- The economic damages model.
- Categories of damages.
- Information and data needed to determine damages.
- Questions the economist should ask.
Plus, major changes are made in Chapter 3 Past and Future Earnings and Chapter 4 Determining the Value of Employer Paid Benefits on data needed by the forensic economist and where to find it. Changes include 9 updated tables in Chapter 3 and 4 updated tables in Chapter 4.
