Economic, Business & Organizational Development Consulting
For almost 40 years, Jerome S. Paige & Associates (JSP&A) has been providing economic consulting to businesses, law firms, government agencies, and non-profit organizations across the Washington Metropolitan Area.
Jerome S. Paige and Associates is your trusted resource in providing credible analyses and recommendations.
REGULATORY ECONOMICS & POLICY
BUSINESS & FINANCIAL ANALYSES
ENERGY PLANNING & POLICY
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DR. JEROME S. PAIGE
Dr. Jerome S. Paige prepared his first economic loss report in 1984. Continuously since then, he has been providing forensic economic services for plaintiffs and defendants. In 2003, he established Jerome S. Paige & Associates, LLC, an economic, business and organizational consulting firm. Dr. Paige has prepared reports and provided testimony in civil litigation matters involving personal injury and wrongful death; business damages and lost profits; employment (whistleblowing, wrongful termination and discrimination); and valuation of life care plans. He has qualified as an expert witness in state and in federal courts. In addition, he has provided expert testimony in matters before state regulatory bodies in the area of insurance, electricity, and telecommunications. Dr. Paige holds a B.A. degree in economics from Howard University (Washington DC) and a Master’s and a Ph.D. in economics from American University (Washington DC).
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Race, Gender and Economic Damages
On January 1, 2020, California, based on S B 41, added Section 3361 to its Civil Code.
The most significant economic implication of this legislation is that economists must change the way they calculate “damages,” which is the amount of compensation injured people (plaintiffs) get for lost income when they are unable to work due to injury or some debilitating condition, which reduces their ability to earn.
A common practice in calculating damages is to consider the race and gender of the plaintiff. Such consideration makes a big difference.