John Ward Economics Team
Recent Happenings at John Ward Economics
We have had great success with video conference depositions via the Zoom website and App. We are able to scan case files for review by the deposing parties ahead of the deposition and have the file contents available for viewing during the deposition.
Forensic Economics Webinar
Dr. Krueger was chosen by the National Association of Forensic Economics to be the featured presenter at the association's first ever webinar. On May 1, Dr. Krueger will be instructing forensic economists around the country on the valuation of household services.
Led by Dr. Rogers, John Ward Economics has developed models to measure the economic cost of wrongful incarceration related to the denial of civil rights.
The models are based on the widely accepted economic theories of the pricing of externalities using the labor market and the value of statistical life.
Joining the effort to slow Coronavirus, JWE personnel are working remotely at home but can be contacted through our normal telephone numbers and email. Our main telephone number is (913) 381-9420. General staff-related questions can be addressed to Staff@JohnWardEconomics.com. We obtain paper mail and overnight deliveries weekly, but prefer electronic document delivery. Thank you for your cooperation.
Dr. Krueger along with two co-authors from the Centers for Disease Control recently published an article in the Journal of Medical Economics concerning lifetime economic productivity. Their estimates are used in public health economics to price the social cost of injury, disease, and death in the United States.
John Ward Economics has used such productivity estimates in the allocation of class action settlements to the variety of claimants by age and gender.
Dr. Krueger along with two co-authors from De Paul University recently published two articles in the Journal of Forensic Economics concerning worklife expectancy. Dr. Krueger's articles on worklife expectancy are widely used by economists measuring lost working years due to injury and death. The September 11th Victim Compensation Fund continues to use his published estimates for its now important role of compensating first responders.
Recent Federal Court Ruling Affirming Drs. Ward and Krueger's Publication as a Generally Accepted Data Source
A federal judge recently wrote an opinion holding Drs. Ward and Krueger's published work as a generally accepted source for valuing household work services in litigation cases. The case is Riggio v. Pruneda, 2019 U.S. Dist. LEXIS 214222 (S.D. MS. 12-12-2019). Relevant portions of the case opinion are:
"With regard to household services, as opposed to actual employment, the total time spent by a person on those services during an average week is not measured by a time-clock. The services performed by one member of the home, and/or the time spent performing the same, may go unnoticed or simply unmeasured by another member of the household. Accordingly, many economists commonly rely on studies which estimate the time spent on household services, taking into account the size of the family, whether each family member works, their age, etc. - one such study being The Dollar Value of the Day: 2007 Dollar Valuation, Shawnee Mission, Kansas, 2011. Aguero v. Gayoso, No. CV20090309, 2013 WL 7020461, at *3 (Cir. Ct. Desoto Cty., Miss. Sept. 4, 2013)."
"Federal district courts have also accepted the use of this publication to value household services. See Dallas v. Premier Vehicle Transp., Inc., No. 1:16CV358-LG- RHW, 2017 WL 3623750, at *3 (S.D. Miss. Aug. 23, 2017); Ashford v. Wal-Mart Stores, LP, No. 1:11-CV-57-HSO-JMR, 2013 WL 152853, at *5 (S.D. Miss. Jan. 15, 2013)."
In January, Dr. Ward gave the keynote address at the National Meeting of the National Association of Forensic Economics. His topic was An Agenda for Future Research in Forensic Economics: Setting Standards of Validity and Reliability in Measuring Progress.