Taxes and the Present Value Assessment of Economic Losses in Personal Injury Litigation
Scott D. Gilbert
Southern Illinois University at Carbondale - Department of Economics
January 1, 2013
Southern Illinois University - Carbondale Economics Department Discussion Paper No. 2013-01
Anderson and Barber (2010) provide a recent discussion of tax effects on economic damages, for forensic economists and similar experts who supply the courts with opinions on economic damages. Anderson and Barbers’ paper fills a void in the forensic economics literature, by offering a formal theory of how tax considerations can impact economic damages. In the present work I point out a limitation of this theory - via a counter-example, and discuss conditions under which the theory seems to hold approximately.
Number of Pages in PDF File: 22
Keywords: income stream, present value, tax, personal injury, wrongful death
JEL Classification: K13, K34
Date posted: January 10, 2013
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