Data sources

Overview

An economic analysis is only as good as the data it uses. To have a strong economic damage analysis, the methodology, assumptions and data used should be sound and widely accepted.

Here we have compiled some of the most relevant and reliable resources for you.

Select a topic you wish to explore in more depth.

Earnings

The Bureau of Labor Statistics' Occupational Employment Statistics (OES) - The OES contains data on the historical wages for approximately 800 occupations. Data is available at the national, state and metropolitan levels. The OES is conducted semi-annually as a mail survey of approximately 200,000 employer establishments.

Salary.com - Salary and bonus data for many occupations. They also detail the job description and years of experience and education level associated with the occupation. Salary.com utilizes surveys of employers to determine the earnings reported.

Benefits

The Bureau of Labor Statistics' Employer Cost for Employee Compensation (ECEC) - ECEC data contains the average contributions employers make towards employees' earnings, health benefits, retirement, and legally required benefits. This data is calculated based on the National Compensation Survey.

Social Security Contribution and Benefit Base - Legally required benefits are listed for the Social Security's Old-Age, Survivors, and Disability Insurance program and Medicare's Hospital Insurance program. The annual contribution and benefit base is also detailed.

Employment

The Bureau of Labor Statistics' Occupational Outlook Handbook (OOH) - The OOH provides profiles containing general information on the job responsibilities of occupations and the education and training typically needed to enter those occupations. Data is also provided about the work environment, growth, and average earnings.

The Bureau of Labor Statistics' Current Population Survey (CPS) - The CPS is a monthly survey of household within the United States. Contained within the data are individuals' employment, hours of work, and other labor force characteristics.

Salary.com - Details job descriptions, years of experience, and education levels associated with various occupations. Salary.com utilizes surveys of employers.

Growth

The Bureau of Labor Statistics' Occupational Employment Statistics (OES) - The OES contains data on the historical wages for approximately 800 occupations. Data is available at the national, state and metropolitan levels. The OES is conducted semi-annually as a mail survey of approximately 200,000 employer establishments.

The Bureau of Labor Statistics' Labor Productivity and Costs (LPC) - LPC data detail historical productivity increases across major sector groups.

The Bureau of Labor Statistics' Consumer Price Index (CPI) - CPI data are the prices of bundles of goods within the U.S. These prices may be used to calculate the historical inflation of these items and categories of items.

Household Services

The Bureau of Labor Statistics' American Time Use Survey (ATUS) - The ATUS provides nationally representative estimates of the amount of time people spend doing various activities, such as housework and childcare.

Interest Rates

U.S. Treasury Market Data - Current treasury yield rates for stripped coupon treasuries.

Economic Report of the President (2016) - The Economic Report of the President details historical and forecasted interest rates associated with treasuries.

Life Expectancy

Centers for Disease Control and Prevention's Life Tables - The U.S. life tables detail the average total remaining life expectancy for individuals. Yearly mortality rates are also detailed.

Personal Consumption

The Bureau of Labor Statistics' Consumer Expenditure Survey (CES) - The CES provides details on the buying habits of individuals. Tables are available for number of individuals within a household.

Taxes

IRS' Statistics for Individuals - The IRS releases statistics on wage earnings and their taxes, grouped by adjusted gross income level.

Tax Foundation's State Income Tax Rates and Brackets - Tax rates and brackets across all of the states and Washington, D.C.

Work life Expectancy

Paper by Daniel L. Millimet, Michael Nieswiadomy, and Daniel Slottje Detailed Estimation of Worklife Expectancy for the Measurement of Human Capital: Accounting for Marriage and Children - An economic model of work life expectancy remaining based on the historical work patterns of similar individuals.

Publications

Economic Damage Primer for Attorneys by Dr. Dwight Steward, co-authored by Scott Angelius and Jean Elliott - A non-mathematical introduction to economic valuation issues involving lost wages, employee stock options, hedonic damages, fringe benefits, household services.

Journal of Forensic Economics (JFE) - The JFE publishes articles related to personal injury and wrongful death torts.

National Association of Forensic Economists (NAFE) - NAFE is an organization for the advancement and exchange of research and methods in the field of forensic economics.

Determining Economic Damages - This book provides forms, procedures, tables, and tactics related to personal injury and wrongful death cases.

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