Do forensic economists calculate pre-judgment interest in Tennessee?

Generally the court, and not economists, calculates pre-judgment interest in Tennessee. In other words, it is a lawyer issue and not an economist issue. Economists practicing in the area report that pre-judgment interest is allowed in employment cases but there is uncertainty regarding PI and WD cases.

The pertinent statute is TENN. CODE ANN. § 47-14-123:

“Prejudgment interest, i.e., interest as an element of, or in the nature of, damages, as permitted by the statutory and common laws of the state as of April 1st 1979, may be awarded by courts or juries in accordance with the principles of equity at any rate not in excess of a maximum effective rate of ten percent (10%) per annum.”