TEA.3.5

$25.00

Adjusting Work-Life Expectancy Calculations for Earning Capacity Appraisals in Extraordinary Circumstances

Barrett, George A. 2000. “Adjusting Work-Life Expectancy Calculations for Earning Capacity Appraisals in Extraordinary Circumstances.” The Earnings Analyst 3: 81-94.

Description

The estimation of pre-injury work-life expectancy is one of the most critical duties of the forensic economist. Due to the importance of accurately assessing work-life, numerous methodologies have been developed to calculate how long an individual would contribute to the working economy, had it not been for the injury. Despite the development of these new methodologies in establishing work-life expectancy, most models still do not permit the economist to utilize his or her judgement in applying scientific data to the facts of a particular case. This paper will describe why such judgement is not only appropriate but also necessary to accurately appraise pre-injury earning capacity.

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