Full Citation

Title: Statistical Based Earnings Estimates: Further Reflections and Extensions

Citation Type: Journal Article

Publication Year: 2020

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Abstract: Spizman (2013) compares earnings estimates using the Census Bureau’s PINC-04 Tables to earnings estimates reported in the publication Full-Time Earnings in the United States. His focus is primarily on whether it is better to use estimates of mean or median earnings to estimate lost earnings in a personal injury or death lawsuit, when the plaintiff has no earnings history. Public-use microdata from the Annual Social and Economic Supplement of the Current Population Survey and from the American Community Survey are applied to offer some critiques of the Spizman (2013) study and some extensions of it. Consistent with Spizman (2013), median earnings estimates are significantly lower than mean earnings estimates, leading to the conclusion that median earnings calculated using the ACS are the preferred approach if the goal is to estimate lost earnings for a typical person. This study finds, however, that other concerns Spizman (2013) raises are less justified

Url: https://heinonline.org/HOL/LandingPage?handle=hein.journals/jole26&div=8&id=&page=

User Submitted?: Yes

Authors: Sicilian, Pat

Periodical (Full): Journal of Legal Economics

Issue: 1-2

Volume: 261

Pages: 107-123

Data Collections: IPUMS USA, IPUMS CPS

Topics: Labor Force and Occupational Structure

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