Could the UK method of calculating economic damages work here?
In the UK, the use of an economist is very rare to determine economic damages. The courts just plug in last years earnings and use multipliers from actuarial tables to determine the economic damages. The tables are know as the The Ogden actuarial tables. The multipliers are actuarially determined and controlled for age, gender, etc. The real discount rate is now 2.5% universally. You basically plug in last years earnings. Actuaries may be used for pension plans, etc..
Could that method work here? Most think not.
Here are some cites:
Penn Paper
Torts in the
Eurpoe
Ogden Tables
Could that method work here? Most think not.
Here are some cites:
Penn Paper
Torts in the
Eurpoe
Ogden Tables
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