Economic Valuation

Personal Injury Valuation

Personal injury cases typically entail consideration of past earnings losses, the present value of the future loss (or diminution) of earning capacity, and the present value of future medical costs to be incurred. The diminution of future earning capacity usually is based on the conclusions of physicians or rehabilitation counselors relative to the employability of the plaintiff in the competitive labor market. The type, level, and duration of future medical costs to be incurred are based on the conclusions of medical care experts. Wrongful deaths cases involve the loss of support to dependents based on the loss of earnings/earning capacity of the decedent.

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