Calculating Changes in Worklife Expectancies and Lost Earnings in Personal Injury Cases

Description:

This article discusses calculating changes in worklife expectancies and lost earnings in personal injury cases.

Creator(s):
Creation Date: September 1988
Partner(s):
UNT College of Arts and Sciences
Collection(s):
UNT Scholarly Works
Usage:
Total Uses: 1,040
Past 30 days: 80
Yesterday: 3
Creator (Author):
Nieswiadomy, Michael L.

University of North Texas

Creator (Author):
Silberberg, Eugene

University of Washington

Publisher Info:
Place of Publication: [Malvern, Pennsylvania]
Date(s):
  • Creation: September 1988
Description:

This article discusses calculating changes in worklife expectancies and lost earnings in personal injury cases.

Degree:
Department: Economics
Note:

Reprinted with permission from the Editor of the Journal of Risk and Insurance.

Note:

Abstract: This paper utilizes the Bureau of Labor Statistics (BLS) new worklife tables' information on workforce participation probabilities to estimate the effect of an injury on a worker's life expectancy, worklife expectancy and discounted expected income. After a medical opinion has been obtained concerning the effect of an injury on a worker's probabilities of living and remaining active, the BLS's probability figures can be adjusted and incorporated into a Markov process to estimate the impact of the injury. It is shown that Alter and Becker's technique can be adapted to estimate the present value of the lost expected income.

Physical Description:

7 p.

Language(s):
Subject(s):
Keyword(s): worklife expectancies | personal injury cases
Source: Journal of Risk and Insurance, 1988, Malvern: American Risk and Insurance Association
Partner:
UNT College of Arts and Sciences
Collection:
UNT Scholarly Works
Identifier:
  • ARK: ark:/67531/metadc71789
Resource Type: Article
Format: Text
Rights:
Access: Public
Citation:
Publication Title: Journal of Risk and Insurance
Volume: LV
Issue: 3
Page Start: 492
Page End: 498
Pages: 7
Peer Reviewed: Yes