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Educational Attainment Model for a Minor Child: The Next Generation

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  • John Kane
  • Lawrence Spizman
  • Don Donelson

Abstract

An ordered probit educational attainment model, used to predict the lost earning capacity of a wrongfully injured minor child, was created by Spizman and Kane (1992) and updated by Kane and Spizman (2001). This paper re-estimates the educational attainment model using the latest round of interviews from the National Longitudinal Survey of Youth-1997. The model specification has been updated to reflect recent findings on the determinants of educational attainment. We also examine the legal framework in which econometric techniques have been accepted and have become standard tools in litigation.

Suggested Citation

  • John Kane & Lawrence Spizman & Don Donelson, 2013. "Educational Attainment Model for a Minor Child: The Next Generation," Journal of Forensic Economics, National Association of Forensic Economics, vol. 24(2), pages 175-190, September.
    • Handle: RePEc:fek:papers:doi:10.5085/jfe.24.2.175
    DOI: 10.5085/jfe.24.2.175
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    JEL classification:

    • K13 - Law and Economics - - Basic Areas of Law - - - Tort Law and Product Liability; Forensic Economics

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