Date: September 1988
Creator: Nieswiadomy, Michael L. & Silberberg, Eugene
Description: This article discusses calculating changes in worklife expectancies and lost earnings in personal injury cases. 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.
Contributing Partner: UNT College of Arts and Sciences