TEA.17.0 – 2021. The Earnings Analyst 17: 60pp.
TEA.17.1 – Earnings and Length of Professional Careers of Jockeys in the United States. Jeroen Walstra. This paper discusses an analysis of earnings and career lengths for jockeys in thoroughbred horse racing and the application of the data found in equibase.com to personal injury and wrongful death cases. Jockey’s earnings are directly correlated to their winnings. This paper offers a reasonable approach to compute past and future lost earnings in case of lost ability to race. Tables show the maximum, average, median, the 10th, 25th, 50th, 75th and the 90th percentile of earnings before taxes and expenses.
TEA.17.2 – On the Use of Exchange Rate Models in Damage Compensation Calculations. Kaycea Campbell, Adian McFarlane, Anupam Das. We survey the literature on the use of exchange rate models in damage compensation calculations and conduct an analysis of the stationarity properties of the U.S.-Canadian dollar, U.S.-Mexican peso and U.S.-European euro exchange rates. We contend that the long and short run unpredictability in the determination of exchange rates makes it necessary that damage policy ensure that no one party obtains either a windfall or a substantial loss as a result of exchange rate fluctuations. The Black-Scholes model is discussed and recommended as one means of establishing fair awards. The input of currency price in the Black-Scholes model can be reliably estimated from fixed-day valuation methods, and, combined with variables such as number of years of labor lost and current U.S. salary equivalent, can generate award estimates that are robust to substantial prior volatility in currency value vis-à-vis the dollar.
TEA.17.3 – Earnings and Career Length of Professional MLS Soccer Players in the United States. Jeroen Walstra. There are over 600 Major League Soccer (MLS) players in the USA. A collective bargaining agreement (CBA) sanctions the minimum earnings and benefits that players receive according to each Standard Players Agreement. This paper lists the earnings of MLS players by percentile, median, average, minimum and maximum as published in the 2017 and 2018 annual salary reports. It breaks down the data by defenders, midfielders, forwards and goalkeepers. It discusses how to use the data not only in US domestic settings but also touches on the consequences of international transfers. The labor market for soccer players is global.
TEA.17.4 – Practice Notes: William F. Landsea, Kaycea Campbell. Race, Racial Identity, and Forensic Economics; Experimental Designs for Damage Calculations.