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Equivalence Scales, Costs of Children and Wrongful Death Laws

Author

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  • Arthur Lewbel
  • Richard Weckstein

Abstract

Wrongful death laws in the United States contain a concept of ‘net income', loosely defined as the deceased’s income minus his personal expenses. The family’s compensation is determined by a welfare comparison, obtained by introspection on the part of the judge or jury, but incorporating net income information that may be supplied by an economist. The relationship between equivalence scale and net income calculations are discussed, along with implications of equivalence scale identification problems for wrongful death compensation calculations. The net income concept is shown to be very closely related to the calculation of the costs of children.

Suggested Citation

  • Arthur Lewbel & Richard Weckstein, 1995. "Equivalence Scales, Costs of Children and Wrongful Death Laws," Journal of Income Distribution, Ad libros publications inc., vol. 4(2), pages 2-2, December.
    • Handle: RePEc:jid:journl:y:1995:v:04:i:2:p:2-2
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    File URL: http://jid.journals.yorku.ca/index.php/jid/article/view/699
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    Cited by:

    1. Stanislaw Maciej Kot, 2023. "Equivalence scales for continuous distributions of expenditure," Equilibrium. Quarterly Journal of Economics and Economic Policy, Institute of Economic Research, vol. 18(1), pages 185-218, March.
    2. Lewbel, Arthur, 2003. "Calculating compensation in cases of wrongful death," Journal of Econometrics, Elsevier, vol. 113(1), pages 115-128, March.

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