Allocation of Worklife Expectancy and the Analysis of Front and Uniform Loading with Nomograms

Like life expectancy, worklife expectancy is an index number which stands in for an array of numbers that, if available, would render the calculations to which it is put more precise. Both expectancies are means of random variables, and the distributions of the underlying random variables have been...

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Veröffentlicht in:Journal of forensic economics 2006-10, Vol.19 (3), p.261-296
Hauptverfasser: Skoog, Gary R., Ciecka, James E.
Format: Artikel
Sprache:eng
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Zusammenfassung:Like life expectancy, worklife expectancy is an index number which stands in for an array of numbers that, if available, would render the calculations to which it is put more precise. Both expectancies are means of random variables, and the distributions of the underlying random variables have been quantified in recent years. Worklife expectancy has name and judicial recognition. Publicly available tables of worklife expectancy serve to limit the expert abuse of using, in many situations, without adjustment, naive over-estimates such as 65-age, 67-age, or, worse, life expectancy, in the calculations. This paper permits a quick and reasonably accurate assessment of biases commonly observed.
ISSN:0898-5510
2374-8753
DOI:10.5085/0898-5510-19.3.261