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

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Description

Article discussing research on the estimated effect of an injury on a worker's life expectancy, worklife expectancy and discounted expected income.

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7 p.

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Nieswiadomy, Michael L. & Silberberg, Eugene September 1988.

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Description

Article discussing research on the estimated effect of an injury on a worker's life expectancy, worklife expectancy and discounted expected income.

Physical Description

7 p.

Notes

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

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.

Source

  • Journal of Risk and Insurance, 1988, Malvern: American Risk and Insurance Association

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  • Publication Title: Journal of Risk and Insurance
  • Volume: LV
  • Issue: 3
  • Page Start: 492
  • Page End: 498
  • Pages: 7
  • Peer Reviewed: Yes

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  • September 1988

Added to The UNT Digital Library

  • Jan. 31, 2012, 10:30 a.m.

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  • May 12, 2014, 2:08 p.m.

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Nieswiadomy, Michael L. & Silberberg, Eugene. Calculating Changes in Worklife Expectancies and Lost Earnings in Personal Injury Cases, article, September 1988; [Malvern, Pennsylvania]. (digital.library.unt.edu/ark:/67531/metadc71789/: accessed August 22, 2017), University of North Texas Libraries, Digital Library, digital.library.unt.edu; crediting UNT College of Arts and Sciences.