A Simple Analysis Of New York State Tort Reform

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Larry Lichtenstein
Ronald R. Reiber

Keywords

economic justice, structured annuity, personal injury litigation

Abstract

In New York State, there has been a rapid increase in personal injury litigation over the recent past.  We show empirically that the tort reform that occurred in the 1980s may be, in part, responsible for this phenomenon by increasing the effective structured award that the plaintiff receives.  However, despite this generous compensation scheme, some cohorts of plaintiffs may still not receive economic justice. 

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