Autor: |
David A. Macpherson, William E. Even |
Rok vydání: |
2018 |
Předmět: |
|
Zdroj: |
Journal of Forensic Economics. 27:127-144 |
ISSN: |
0898-5510 |
Popis: |
This study examines the importance of incorporating age-earnings profiles into the estimation of future earnings. Using data from the 2000 Census of the Population and the 2001-2015 American Community Surveys, we estimate age-earnings profiles for seven different education groups after controlling for period and cohort effects. We compare estimates of the loss in future earnings using the age-earnings profiles versus two popular alternatives: assuming a constant rate of earnings growth across the life-cycle or using cross-sectional data for age groups to estimate wage growth for various age ranges. Our results imply that a failure to incorporate the age-earnings profile into estimates of earnings losses can lead to significant over- or under-statement of losses depending on the age at which the damages begin and the educational attainment of the injured party. |
Databáze: |
OpenAIRE |
Externí odkaz: |
|