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Personal Consumption and Single Persons: A Reply to Thomas Ireland
Kurt V. Krueger
Journal of Forensic Economics
Vol. 23, No. 2 (September 2012), pp. 195-198
Published by: National Association of Forensic Economics
Stable URL: http://www.jstor.org/stable/42756146
Page Count: 4
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In a recent JFE article, I presented five empirical approaches to identify the personal consumption of earnings made by single persons. I stated that forensic economic estimates of earnings minus personal consumption are relevant to, but do not define, the awardable financial support damages to survivors or estates under the various wrongful death laws in the United States. In a comment on my article, Thomas Ireland has stated that the role of forensic economic evaluation is to only estimate how much financial support single decedents would actually have provided to statutory survivors—which he states is often zero. I present several arguments and facts to show that Ireland's criticisms and concerns are unsupportable.
Journal of Forensic Economics © 2012 National Association of Forensic Economics