Here are my recent writings for publications or presentations regarding forensic economics.
Writings listed in my CV that do not focus on forensic economic issues are not included here, and only the latest versions of writings are included.
“Relative earnings of skilled and unskilled workers: Explaining increasing earnings of college graduates as their share of the labor force grows,” manuscript presented at NAFE meeting at the Allied Social Science Associations annual conference, Denver, January 2011. Presents differences in growth of earnings for college graduates compared to others from 1974 to 2009, provides a simple macroeconomic model to show that the results can be explained by increases in their relative productivity, and summarizes explanations that have been offered in the macroeconomic literature. Provides detailed growth rates for earnings by sex, education, and age.
“The effect of education on life expectancy and worklife expectancy,” (with Kurt V. Krueger), paper presented at NAFE sessions, Southern Economic Association annual conference, Atlanta (November 20, 2010). Shows that while classification by level of education has a significant impact on life expectancies, the refinement of allowing probability of survival to differ by level of education has little effect on worklife expectancies. [Read PDF file]
“Life Tables, Joint Life Tables, Life Annuities, and Joint Life Annuities,” Journal of Legal Economics 16(2) (April, 2010). Extends the 2005 U.S. Life Tables to allow easy calculation of the present value of life annuities, temporary, deferred, and simple, for individual and joint lives, for any age and interest rate; explains the underlying formulas and the reasons that these annuities are relevant to the work of a forensic economist. Available at the Journal website.
“The pecuniary value of commuting time,” Eastern Economic Journal 39(3) (Summer, 2010). Provides results from the literature of transportation economics concerning the value that workers place on their commuting time, with application to the measurement of damages where commuting time is changed significantly as a result of the assumed tort. Available at the Journal website.
“Damages from past loss of health insurance,” Manuscript presented at NAFE meetings at the Allied Social Science Associations annual conference, Chicago, January 2007. Analyzes the loss incurred by a plaintiff who loses health insurance coverage as a result of job loss, in the context of diminishing absolute risk-aversion.
“Indirect Economic Damages.” Slides for presentation at Fall Forensic Economics workshop, Salt Lake City, UT (Oct. 13 – 14, 2006). Analyzes the loss caused by uncertainty of recovery of compensation for tort, leading to distortion in time path of consumption (precautionary reduction before outcome is known, followed by increase if outcome is successful).
“The Markov assumption for worklife expectancy,” (with Gary Skoog), Journal of Forensic Economics 17, 2 (Spring – summer 2004, published June 2005). Reprinted in Kaufman, Roger T., Rodgers, James D., and Martin, Gerald D. (eds.), Economic Foundations of Injury and Death Damages, Cheltenham, UK: Edward Elgar, 2005. Explains the theory and data sources used to calculate worklife expectancies using the method first developed by the Bureau of Labor Statistics and now commonly used by other authors; discusses implications of the assumptions required by the method. Available at the journal website.