Citation

Abraham FJ. J. Forensic Econ. 1987; 1(2): 77-81.

Copyright

(Copyright © 1987, National Association of Forensic Economics)

DOI

unavailable

PMID

unavailable

Abstract

A casual survey of recent court cases indicates that the use of the economic expert in wrongful death and personal injury cases is widespread. While the use by plaintiffs far outweighs the use by defendants, much of the testimony has a common practice: the use of a so-called "real-rates" method and/or an "age-earnings" profile model. This paper attempts to show that the Real-Rates and Age-Earnings profile techniques, while widely used, are in their common usage seriously flawed in that they systematically overstate economic loss.