Court Awards of Damages for Loss of Future Earnings: An Empirical Study and an Alternative Method of Calculation

30 Pages Posted: 28 Mar 2003

See all articles by Richard Lewis

Richard Lewis

Cardiff University

Robert McNabb

Cardiff University - Cardiff Business School

Helen Robinson

Cardiff University - Cardiff Business School

Victoria Wass

Cardiff University - Cardiff Business School

Abstract

This article examines the effect upon damages for personal injury of methods used in the United States of America to calculate loss of future earnings. The work of lawyers is examined from the perspective of labour economists. The damages calculated by using these alternative methods are compared with those actually awarded in over a hundred cases determined by courts in England and Wales. This interdisciplinary and comparative study reveals that the tort system fails to satisfy one of its main objectives in that it does not provide recipients of damages with "full" compensation.

Suggested Citation

Lewis, Richard and McNabb, Robert and Robinson, Helen and Wass, Victoria, Court Awards of Damages for Loss of Future Earnings: An Empirical Study and an Alternative Method of Calculation. Journal of Law and Society, Vol. 29, pp. 406-435, 2002, Available at SSRN: https://ssrn.com/abstract=325108

Richard Lewis

Cardiff University ( email )

Cardiff Law School
Museum Avenue
Cardiff, Wales CF10 3AX
United Kingdom
+44(0)2920874341 (Phone)

HOME PAGE: http://www.cardiff.ac.uk/people/view/478882-lewis-richard

Robert McNabb (Contact Author)

Cardiff University - Cardiff Business School ( email )

Aberconway Building
Colum Drive
Cardiff CF10 3EU
United Kingdom
+44 (0) 29 2087 5210 (Phone)
+44 (0) 29 2087 4419 (Fax)

HOME PAGE: http://www.cf.ac.uk/carbs/econ/mcnabb/

Helen Robinson

Cardiff University - Cardiff Business School ( email )

Colum Drive
Office: D47
Cardiff CF10 3EU
United Kingdom
+44 (0)29 2087 6950 (Phone)
+44 (0)29 2087 4419 (Fax)

HOME PAGE: http://www.cf.ac.uk/carbs/econ/robinsonhj/

Victoria Wass

Cardiff University - Cardiff Business School ( email )

Colum Drive
Aberconway Building
Cardiff CF10 3EU
United Kingdom
+ 44 (0) 29 20 875714 (Phone)
+ 44 (0) 29 20 874419 (Fax)

HOME PAGE: http://www.cf.ac.uk/carbs/hrm/wass.html

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