Evaluating the economic impact of traumatic brain injuries
We know that people with disabilities, including traumatic brain injuries, will, generally speaking, earn less per year than non-impaired individuals and, just as importantly, will have a shorter work-life expectancy than their normal cohorts. Even when an injured person has returned back to work, there is still a high probability that that individual, over his or her work life, will have a shorter work life, earn less money and therefore will incur a loss in earning capacity.
In reviewing hundreds of vocational economic reports during my professional life, many economists utilize a negative discount rate which substantially reduces a plaintiff's loss of future earnings. The discount rate is a comparison between the return on investment minus the rate of inflation. Where a rate of investment is greater than the rate of inflation, projected future earnings will be reduced by that discount rate. Many economists utilize this discount rate which, in an individual case, as indicated above, will reduce the projected future loss of earnings.
The vocational economic firm of Vocational Economics, based in Louisville, KY, and rather than utilizing a positive or negative discount rate, recommends that vocational economists utilizes a total offset, that is, that the rate of investment equals the rate of inflation. As Anthony Gamboa, Ph.D., M.B.A. explains, no one is able to forecast in the future what the rate of inflation or the rate of investment will be. Therefore, many economists look back historically and arbitrarily select a given time frame in order to project the future. Depending what time period is arbitrarily selected one could project either a positive or a negative discount rate. By utilizing a total offset, neither the plaintiff nor the defendant is harmed by the arbitrary selection. For a fuller discussion, one is urged to review the Vocational Economics website.
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I was a volunteer Emergency Medical Technician with my local Ambulance Company when five years ago on an alrm I was carrying a patient down two flights of stairs with a new Polica Officer helping me when I was injured. It turns out I had an undiagnosed Chiari Malformation which was severely aggravated by my injury. I underwent decompression surgery and am still symptomatic to the extend that I keep loosing my employment each time something happens and I can't go to work for a period of time. It was never explained to me that this would be a chronic problem for the rest of my life!..If it had I would not have listened to the Chairman of The Board Of Directors of the Ambulance Company and settled my Worker's Comp. case in order to participate on some level with the Company. I had vocational training in order to stay in the health field in a less physical capacity (I was a nursing assistant in the maternity ward of our local hospital)and return to work. I can work when I'm not having a bad day or days..I just can't seem to find an employer who can accomodate that! I believe that my situation warrants a review by the Worker's Comp. Board and I need new representation by an attorney knowledgeable in Brain Injuries. I'd love to here from you and find out what you think. Thanks in advance for your attention to this matter.
hi
could i talk to you more about your case?my girlfriend is affected and i would like to learn more to help her.
thanks
jerry
