Question

In: Economics

What, if anything, would be different in evaluating the economic damages between a case in which...

What, if anything, would be different in evaluating the economic damages between a case in which an employee was permanently disabled in a job-related accident and a case in which an employee was killed in a job-related accident?

Solutions

Expert Solution

Many of a victim's characteristics in a personal injury case that may affect the measurement of economic damages include, but are not limited to, what are the characteristics of the work life of the worker, the educational history of the employee, the gender of the employee and the estimated time left in the labor force. Many of the widely used tools that researchers use to determine a case of personal injury and to measure economic harm are historical data on related issues and evidence, wages, health, and other personal and economic statistics, as well as data from government.

In calculating the economic harm in a case where an employee was permanently injured in a work-related accident and a case where an employee was killed in a job-related accident, the same statistical data used in the measurement of economic loss is the same. There is no variation in the data used, but instead the estimation of a work-related permanently disabled requires further estimate analysis.


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