Home
>
Explore Content
>
All Issues
>
Article View
Reasonable Calculation of Government Employees’ Lost Earnings
Journal of Insurance and Finance
2015, 26(4),
pp.77-111
Publisher : Korea Insurance Research Institute
Research Area : Business Management
Publisher : Korea Insurance Research Institute
Research Area : Business Management
-
In this paper, we considered a more realistic model for evaluating government employees’ lost earnings and then compared it with other models, used in the evaluation of the economic damages, associated with wrongful death cases. According to the results, we could confirm that the current evaluation model used in court underestimates the government employees’ lost earnings. Therefore, in order to obtain a more reasonable evaluation result, it would be necessary to apply future income growth rates and discount rates to the evaluation model in a more thorough fashion. However, in order to alleviate cost burdens, incurred in our more reasonable evaluation model, total offset method might be an alternative as considered in the calculation of ordinary workers’ lost earnings.
105
Viewed
Print this page
Download PDF