Losers and Losers: Some Demographics of Medical Malpractice Tort Reforms

36 Pages Posted: 4 Sep 2011

See all articles by Andrew Friedson

Andrew Friedson

affiliation not provided to SSRN

Thomas J. Kniesner

Claremont Graduate University - Department of Economic Sciences; Syracuse University - Department of Economics; IZA

Abstract

Our research examines individual differences in the effects of medical malpractice tort reforms on pre-trial settlement speed and settlement amounts by age and most likely settlement size. Findings of note include that, unlike previously assumed, both absolute and percentage losses from tort reform are small for infants in an asset value sense and that the prime-aged working population is the group most negatively affected by tort reform. Maximum entropy quantile regressions highlight the robustness of our conclusions and reveal that the settlement losses most informative for policy evaluation differ greatly from mean regression estimates.

Keywords: medical malpractice, tort reform, Texas closed claims, damage caps, quantile regression, maximum entropy

JEL Classification: C21, I18

Suggested Citation

Friedson, Andrew and Kniesner, Thomas J., Losers and Losers: Some Demographics of Medical Malpractice Tort Reforms. IZA Discussion Paper No. 5921, Available at SSRN: https://ssrn.com/abstract=1921972 or http://dx.doi.org/10.2139/ssrn.1921972

Andrew Friedson (Contact Author)

affiliation not provided to SSRN ( email )

No Address Available

Thomas J. Kniesner

Claremont Graduate University - Department of Economic Sciences ( email )

Claremont, CA 91711
United States

Syracuse University - Department of Economics ( email )

Syracuse, NY 13244-1020
United States

IZA

P.O. Box 7240
Bonn, D-53072
Germany

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