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Supplemental Analyses - Household Services

 

Typical adults contribute to the maintenance of a household in a number of areas: child care, lawn work, meal preparation, shopping, home and auto repair, record keeping, etc.  This work naturally varies with the age and the number of children at home.

These services are obviously lost through the death of the provider, and are frequently diminished by his or her disability.  When this happens, the family realizes a quantifiable economic loss, even when the duties are assumed by another family member.  Vocational Economics provides analyses of the impact to the family and restates it into the replacement value of the lost services.

 

 

 

 

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