Determining economic damages uses proven procedures checklists samples and tables to value economic loss in wrongful death personal injury and selected types of business and commercial cases learn how to calculate damages what to ask a forensic economist which tables to consult for current information on damages and more. This article provides both statistical information from the displaced workers survey and a potential approach an economic expert may take in determining the economic damages resulting from wrongful termination 1 economic overview of job displacement one important characteristic of a labor market is its fluid nature. The main goal of the damages expert in personal injury wrongful death and similar types of tort cases is to calculate damages as a lump sum today that exactly matches the economic losses the plaintiff has incurred in the past and will reasonably incur in the future this assessment is made as of the trial date which implies several challenges. Economic damage quantification is the measurement of these damages which often result from a harmful act there are many events that can result in economic damages for an individual or business for example damages caused to the environment catastrophes such as 9 11 fraud personal injury or wrongful death or other economic factors. One way to lessen the risk is to gain a general understanding of the complexities associated with calculating economic damages the selection of an ex ante or ex post discounting technique is one such complexity that can have a significant effect on the final calculation of economic damages
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