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Losers and Losers: Some Demographics of Medical Malpractice Tort Reforms

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  • Friedson, Andrew I.

    ()
    (Syracuse University)

  • Kniesner, Thomas J.

    ()
    (Syracuse University)

Abstract

Our research examines individual differences in the effects of medical malpractice tort reforms on pre-trial settlement speed and settlement amounts by age and most likely settlement size. Findings of note include that, unlike previously assumed, both absolute and percentage losses from tort reform are small for infants in an asset value sense and that the prime-aged working population is the group most negatively affected by tort reform. Maximum entropy quantile regressions highlight the robustness of our conclusions and reveal that the settlement losses most informative for policy evaluation differ greatly from mean regression estimates.

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Bibliographic Info

Paper provided by Institute for the Study of Labor (IZA) in its series IZA Discussion Papers with number 5921.

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Length: 36 pages
Date of creation: Aug 2011
Date of revision:
Publication status: published in: Journal of Risk and Uncertainty, 2012, 45 (2), 115-133
Handle: RePEc:iza:izadps:dp5921

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Related research

Keywords: quantile regression; damage caps; Texas closed claims; tort reform; medical malpractice; maximum entropy;

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References

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