A Simple Analysis Of New York State Tort Reform
<p class="MsoNormal" style="text-align: justify; margin: 0in 0.5in 0pt; mso-pagination: none;"><span style="font-family: "Times New Roman","serif"; color: black; font-size: 10pt;">In New York State, there has been a rapid increase in personal injury litigation over the recent past.<span style="mso-spacerun: yes;"> </span>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.<span style="mso-spacerun: yes;"> </span>However, despite this generous compensation scheme, some cohorts of plaintiffs may still not receive economic justice.<span style="mso-spacerun: yes;"> </span></span></p>
