The Standard for Valuing Lost Household Services: A Response

Mulhern, Joseph R. 2005. “The Standard for Valuing Lost Household Services: A Response.”  The Earnings Analyst  7: 71-76.


This paper will argue that a valid and defensible loss of household services analysis can be conducted when credibility is accorded the injured party and when standardized methods are used in the analysis as well as a statistical framework. Areas that have been seen as presenting challenges to an effective analysis such as the training and management of replacement workers are really minimal when the low skill level of most of the work is considered. Concerns about overestimation when multiple and overlapping analysis are carried out such as hedonic and/or life care in addition to household loss which can present ethical and measurement problems are discussed as well as methodology for conducting a household analysis that can be replicated and defended.


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