RPC Calculation of Present Value Damages Consultants
Ronald T. Luke
JD, PhD
President
Brian Piper
PhD
Senior Consultant
Angela VanDerwerken
PhD
Senior Consultant
Calculation of Present Value
For either medical or vocational damages it is necessary to calculate damages in future dollars and then discount these future damages to present value as of the time of trial. RPC has expert economists who are able to bring all damages calculations to present value. We compute different inflation rates for specific goods, services and wages. Our procedures ensure consistency between the inflation and discount rates used. The time series data used in these calculations of damages are continuously updated as government agencies publish new statistics. We also take the particular facts of each case into consideration to ensure the most accurate data and practices are used in our calculations.
For more information, contact Athenna Dill, Personal Injury Case Manager, 512.371.8005, adill@rpcconsulting.com.
RPC Calculation of Damages and Present Value Blogs
Calculating Social Security Benefits in Lost Earnings and Loss of Earning Capacity Analyses
In personal injury and employment litigation, forensic economists calculate the impact of the event on the past earnings and future earning capacity of the plaintiff. One component of this element of damages is the loss of future Social Security retirement benefits.
4 Essential Sources of Data on Wages and Income
Lost earnings and lost earning capacity are often major elements [...]