Losers and Losers: Some Demographics of Medical Malpractice Tort Reforms

Andrew Friedson and Thomas Kniesner

No 5921, IZA Discussion Papers from Institute of Labor Economics (IZA)

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.

Keywords: quantile regression; damage caps; Texas closed claims; tort reform; medical malpractice; maximum entropy (search for similar items in EconPapers)
JEL-codes: C21 I18 (search for similar items in EconPapers)
Pages: 36 pages
Date: 2011-08
New Economics Papers: this item is included in nep-hea
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Published - published in: Journal of Risk and Uncertainty, 2012, 45 (2), 115-133

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Related works:
Journal Article: Losers and losers: Some demographics of medical malpractice tort reforms (2012)
Working Paper: Losers and Losers: Some Demographics of Medical Malpractice Tort Reforms (2011)
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