Does It Pay to Take Legal Advice? Estimates of Miroceconomic Effects of Non-Comercial Legal Advice Cover Image

Czy warto korzystać z porad prawnych? Szacunki mikroekonomicznych efektów poradnictwa prawno-obywatelskiego
Does It Pay to Take Legal Advice? Estimates of Miroceconomic Effects of Non-Comercial Legal Advice

Author(s): Waldemar Florczak, Wojciech Grabowski
Subject(s): Micro-Economics, Sociology of Law, Commercial Law
Published by: Instytut Nauk Ekonomicznych Polskiej Akademii Nauk
Keywords: legal advice and legal aid; augmented Mincer equation; microeconometrics;

Summary/Abstract: The paper aims to quantify individual monetary benefits due to non-commercial legal aid/advice. To this end an augmented Mincer income equation was employed whose parameters were estimated using representative survey data for Poland. To summarize the outcomes of the research one must affirmatively answer the question raised in the title to this article. Leaving justiciable problems on their own results in deteriorating material situation of the person experiencing them, whereas assuming an active position neutralizes or at least alleviates adverse consequences. Decision about the choice of the respective solution might be motivated by rational economic prerequisites as the higher effectiveness of commercial advice is accompanied by higher cost of its acquirement. This explicitly tells of the necessity for the two types of legal aid/advice to co-exist.

  • Issue Year: 2018
  • Issue No: 2
  • Page Range: 185-208
  • Page Count: 24
  • Language: Polish
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