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Claims by Elderly Parents for Loss of Caregiving by Adult Children
The article addresses the fact that many adult children accept at least some responsibility for the provision of care to their aging parents. This leads to a possible claim by elderly parents for the loss of caregiving services, if an adult child is seriously injured or killed. The purpose of his article is to review… Continue reading
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Summer 2005 issue of the Expert Witness newsletter (volume 10, issue 2)
Contents: The Discount Rate Revisited by Christopher Bruce, Derek Aldridge, Kelly Rathje, and Hugh Finnigan In this article we review the recent evidence – both statistical and theoretical – concerning the discount rate (or real rate of interest). We review a number of different interest rates for each quarter since 1995 and find that every… Continue reading
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Estimating the Impact of Mid-Career Retraining
In this article we investigate an issue we have not seen raised anywhere else in the literature on personal injury damages: When an individual is injured in their 30s or early 40s, and has to retrain for a new career, will that individual begin in that career at a salary equivalent to those of individuals… Continue reading
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The Discount Rate Revisited
In this article we review the recent evidence – both statistical and theoretical – concerning the discount rate (or real rate of interest). We review a number of different interest rates for each quarter since 1995 and find that every series has trended downward virtually continuously over the entire period. We then review the theoretical… Continue reading
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Spring 2005 issue of the Expert Witness newsletter (volume 10, issue 1)
Contents: The Impact of Disability on Earnings: Reliable Data by Christopher Bruce From his analysis in his previous article, Dr. Bruce concluded that, to be reliable, evidence must be based on data sets that meet two criteria: First, the number of observations must be large enough that one can be certain that a representative sample… Continue reading
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The Impact of Disability on Earnings: Reliable Data
From his analysis in his previous article, Dr. Bruce concluded that, to be reliable, evidence must be based on data sets that meet two criteria: First, the number of observations must be large enough that one can be certain that a representative sample has been drawn. And, second, the data set must include individuals drawn… Continue reading
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Winter 2004/05 issue of the Expert Witness newsletter (volume 9, issue 4)
Contents: The Reliability of Statistical Evidence Concerning the Impact of Disability by Christopher Bruce In the article Christopher Bruce provides a caution concerning the acceptance of statistical evidence about disability. Dr. Bruce argues that the courts and opposing counsel do not subject certain types of medical opinion to sufficiently strict statistical standards. Specifically, he shows… Continue reading
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Statement of Ethical Principles and Principles of Professional Practice – National Association of Forensic Economics
Economica belongs to an organization of forensic economists known as the National Association of Forensic Economists (NAFE, nafe.net). NAFE has recently published a “Statement of Ethical Principles, and Principles of Professional Practice.” As Economica subscribes to the principles outlined in the NAFE Statement, we have reproduced it here. Continue reading
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The Reliability of Statistical Evidence Concerning the Impact of Disability
In the article Christopher Bruce provides a caution concerning the acceptance of statistical evidence about disability. Dr. Bruce argues that the courts and opposing counsel do not subject certain types of medical opinion to sufficiently strict statistical standards. Specifically, he shows that evidence based on: (i) the expert’s “experience,” (ii) the expert’s interpretation of third… Continue reading
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Autumn 2004 issue of the Expert Witness newsletter (volume 9, issue 3)
Contents: Using family background to Predict Educational Attainment in Canada by Carmen Anderson with Christopher Bruce When a minor has suffered a serious injury, it is necessary to predict what the income level of the plaintiff would have been in the absence of that injury. In most cases, this is done by projecting an education… Continue reading