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Does Tort Reform Affect The Market For Lawyers? Evidence From The U.S States., Ablaye Camara
Does Tort Reform Affect The Market For Lawyers? Evidence From The U.S States., Ablaye Camara
Wayne State University Dissertations
This paper investigates the determinants of the market for lawyers with a focus on demand variables including tort reform laws. In this study, I used the Feasible Generalized Least Squared method and a Panel Corrected Standard Error method, with year and State identifiers applied to a panel of U.S states, to estimate the determinants of the Number of Lawyers. I also used the Fixed Effect model with year and state identifiers to evaluate the effects of these determinants on the Earnings of Lawyers.
The findings show that the Lagged Number of Lawyers and the Lagged Alternative Earnings are both significant …