TEA.6.1

Description

The role of the Forensic Economist is to estimate the reduction in earnings or earning capacity of the injured plaintiff, the reduction in non-market services or capacity to perform non-market services, and the costs of any future medical expenses or life care costs that have been necessitated by the injury. The role of the Vocational Expert is to determine the post-injury employment opportunities or earnings capacity of an injured plaintiff, given the plaintiff’s physical and emotional characteristics and educational background. And the role of the Life Care Planner is to translate the recommendations of medical doctors into an integrated plan for special life care of the plaintiff as necessitated by the plaintiff’s injury. In many cases, the Forensic Economist must rely on the opinions of the Vocational Expert and the Life Care Planner in estimating the present value of the plaintiff’s losses relating to the loss of earnings capacity, as well as future life care costs.