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Welch On Point


Narrowed Classes: Statistical Differences And Damages
Written by Nathan Woods, Ph.D., Jora Stixrud, Ph.D., Doug Owens
Tuesday, 09 August 2011

Nathan D. Woods, Jora B. Stixrud and Doug H. Owens, authored “Narrowed Classes: Statistical Differences and Damages” which focuses on statistical implications of more narrowly defined employment class actions in the wake of the Supreme Court’s decision in Wal-Mart v. Dukes. (download)

 
Assessing the Validity of Statistical Samples in Medicare Audits
Written by Nathan Woods, Ph.D.
Tuesday, 07 June 2011

Nathan D. Woods, Ph.D., authored the article “Assessing the Validity of Statistical Samples in Medicare Audits" for the May-June 2011 issue of the Journal of Healthcare Compliance.  In the article Dr. Woods discusses common statistical issues in sampling of patient records.

 
Four Steps to Defend Against Wage and Hour Lawsuits
Written by Deborah Foster, Ph.D.
Tuesday, 01 March 2011

SHRM Logo

Deborah Foster, Ph.D. authored the article "Four Steps to Defend Against Wage and Hour Lawsuits" regarding proactive measures HR managers can take to defend against wage and hour lawsuits, which ran on SHRM.org on March 10, 2011.

 
Credit Check and Hiring: Law360 feature
Written by Stephen Bronars
Thursday, 17 February 2011

The Equal Employment Opportunity Commission has recently challenged the use of credit checks as a hiring criterion at several different employers.  Employers that use credit checks in their hiring decisions should limit the positions for which these checks are used.  If credit checks are to be considered employers should first verify that poor credit histories are valid predictors of poor job performance. (download)

 
Employment Practice Audits: The Seven Most Common and Often Costly Mistakes
Written by Amy Aukstikalnis
Saturday, 15 January 2011

In her article, "Employment Practice Audits: The Seven Most Common and Often Costly Mistakes," published by Workforce Management online in January 2011, Welch Senior Economist Amy Aukstikalnis discusses key pitfalls to avoid when conducting audits as well as how proactive HR managers can use employment practice audits as a risk management tool.

 
The Aging of the Baby Boom Cohort is Causing a Dramatic Increase in Age Discrimination Charges and Lawsuits

More than thirty years ago Finis Welch was the first labor economist to study the impact of the demographic shift caused by the baby boom cohort on the relative earnings of workers.

Since then a number of economists and social scientists have studied the impact of the baby boom generation on a variety of economic, political and social outcomes.  Today the aging of baby boomers has important consequences for the projected growth in government entitlement spending and a host of other economic issues.

 
The Role of Statistical Analysis in California Meal Break Class Actions After Brinker
Written by G. Edward (Ted) Anderson, Ph.D. and Nathan D. Woods, Ph.D.
Tuesday, 14 December 2010

Ted Anderson and Nathan D. Woods recently published a piece in Bender’s California Labor and Employment Bulletin on the role of statistical analysis in meal class actions following Brinker.  A number of observers view the decision in Brinker as an indication that meal class actions would no longer be certified in California and analysis of data at the class stage would be unnecessary.  In the article the authors discuss how, to the contrary, the role of statistical analysis in CA meal class actions should be more prominent, not less so, following Brinker. (download)

 
Viewpoint: Secondary Market Issue, Prime Concern
Written by James Pearce, Ph.D.

(as printed in American Banker, Viewpoint column)

Reforming, privatizing or replacing the government-sponsored enterprises is the next big legislative issue for reform of the financial system, with the Treasury Department saying it will issue a proposal for "comprehensive reform" in January. Meanwhile, market participants and other interested parties are weighing in on the future of GSEs — many producing recommendations in response to the request for comment by the Treasury and HUD. Although the various proposals differ on whether the government should have any role and, if so, what that role should be, most call for at least a limited guarantee for securities backed by conventional mortgages.

 
Assessments of Economic Loss Due to the Deepwater Horizon Disaster

Assessments of economic loss due to the Deepwater Horizon disaster must account for the impact of Hurricane Katrina and the unique structure of the commercial fishing industry

As of July 14th 2010, approximately 110,000 claims for damages due to the Deepwater Horizon disaster have been filed with BP. BP has paid out $183 million to these claimants.1 Claimants include individuals and businesses that have experienced loss of profits and earnings capacity, and government entities that have experienced lost revenue and increased costs of service provision. In addition to these claims, a large number of lawsuits—including many class action lawsuits—have been filed against BP, Transocean, and other allegedly responsible parties. The resolution of these claims and lawsuits will hinge on the determination of economic damages. In these and similar cases, reliable calculations depend critically on the ability to accurately measure many contributing factors, and on assumptions about what would have happened had the disaster not occurred.