About | HeinOnline Law Journal Library | HeinOnline Law Journal Library | HeinOnline
LOG IN
LOG IN

21 J. Legal Econ. 41 (2014-2015)
Patton-Nelson Personal Consumption Tables 2011-12

handle is hein.journals/jole21 and id is 47 raw text is: Michael R. Ruble, Robert T. Patton, and David M. Nelson. 2014. Patton-Nelson Personal Consumption Tables 2011-12. Journal of Legal Economics 2 1(1): pp. 41-55. Patton-Nelson Personal Consumption Tables 2011-12 Michael R. Ruble, Robert T. Patton, and David M. Nelson Abstract: The Patton-Nelson Personal Consumption Tables, a source widely referenced by forensic economists and attorneys, were last updated using 2005-06 data. The 2011-12 Bureau of Labor Statistics Consumer Expenditure Survey was utilized to recalculate the consumption percentage tables for adult males and females employing the most current information available. When compared to 2005-06 survey results, the 2011-12 study reveals a mixture of both slight increases and decreases in consumption percentages among consumer units depending upon the size of the consumer unit. The Patton-Nelson Personal Consumption (PNPC) Tables were last updated in 2009 (Ruble, Patton, and Nelson 2009) using 2005-06 Bureau of Labor Statistics (BLS) Consumer Expenditure data. The resulting percentages are applied to total consumer unit pretax incomeI to determine the necessary consumption allowance, which is subtracted from the pretax earnings of the decedent in arriving at the loss to the estate. The PNPC tables were first published nationally in the Journal of Forensic Economics in 1991 (Patton and Nelson 1991). Since that time, the tables have been updated four times using 1994-95 BLS data (Lierman, Patton, and Nelson 1998), 1997-98 BLS data (Ruble, Patton, and Nelson 2000), 2000-01 BLS data (Ruble, Michael R. Ruble, Ph.D., CPA, Department of Accounting, College of Business - Lynnwood Center, Central Washington University, 1260 Thalen Drive, Lynden, WA 98264, (360) 354-8749, rublem747@msn.com Robert T. Patton, Ph.D., 1100 Chuckanut Crest Lane, Bellingham, WA 98226 David M. Nelson, Ph.D., Department of Economics, College of Business and Economics, Western Washington University, Bellingham, WA 98225 1 As defined in the Consumer Expenditure Survey, pretax income is the combined income of all consumer unit members including wages and salaries, self- employment income, Social Security, private and government retirement, investment income, unemployment, and workers' compensation, as well as veterans' benefits, public assistance, alimony and child support, and other types of income. Ruble, Patton, and Nelson: Patton-Nelson Personal Consumption Tables 2011-12 41

What Is HeinOnline?

HeinOnline is a subscription-based resource containing thousands of academic and legal journals from inception; complete coverage of government documents such as U.S. Statutes at Large, U.S. Code, Federal Register, Code of Federal Regulations, U.S. Reports, and much more. Documents are image-based, fully searchable PDFs with the authority of print combined with the accessibility of a user-friendly and powerful database. For more information, request a quote or trial for your organization below.



Short-term subscription options include 24 hours, 48 hours, or 1 week to HeinOnline.

Purchase Access

Contact us for annual subscription options:

Contact Us

Already a HeinOnline Subscriber?

Log In

profiles profiles most