Evolution of Worklife Expectancy Measurement
Gary R. Skoog and
James E. Ciecka
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Gary R. Skoog: Legal Econometrics, Inc.
James E. Ciecka: DePaul University
Chapter Chapter 3 in Forensic Economics, 2016, pp 33-56 from Palgrave Macmillan
Abstract:
Abstract Some people can live to age 110–120, as reflected in current mortality data and tables used to calculate life expectancy. The US government and other governments publish such information, which is so generally accepted that courts grant it judicial notice. Similarly, people can participate in the labor force at advanced ages—comedian George Burns had a contract to perform on his 100th birthday at the London Palladium. Worklife expectancy is the life expectancy analog—it calculates how long, on average, people will participate in the labor force.
Keywords: Labor Force; Labor Force Participation; Sample Path; Current Population Survey; Labor Market Activity (search for similar items in EconPapers)
Date: 2016
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-137-56392-7_3
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DOI: 10.1057/978-1-137-56392-7_3
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