Total Worklife Expectancy
Kurt V. Krueger,Frank Slesnick +1 more
TL;DR: In this article, a Markov life table model that incorporates two work activities (market and non-market work) is specified, and the sum of market and nonmarket working years is called total worklife expectancy.
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Abstract: This paper appends the standard Markov increment-decrement worklife expectancy model used in forensic economics to measure the years that people perform the non-market work of taking care of their homes or families. We find that adding non-market working years to the worklife model nearly equalizes men and women's estimated lifetime total working years. The paper begins with the gender-related problems of solely using labor force worklife tables as a tort compensation determinant. We then present demographic characteristics of persons that perform full-time, non-market work. A Markov life table model that incorporates two work activities (market and non-market work) is specified—we name the sum of market and non-market working years “total worklife expectancy.” Ending the paper are examples of using total worklife expectancy as a tort compensation estimator.
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Citations
Worklife expectancy in a cohort of Danish employees aged 55-65 years - comparing a multi-state Cox proportional hazard approach with conventional multi-state life tables.
Jacob Pedersen,Jakob B. Bjorner +1 more
TL;DR: WLE estimated through multi-state models provided an effective way to summarize complex data on labor market affiliation and differed noticeably between members and non-members of the ERP scheme.
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Civil Rights in Ordinary Tort Cases: Race, Gender, and the Calculation of Economic Loss
TL;DR: Chamallas et al. as mentioned in this paper explored race and sex bias in the computation of damages for loss of future earning capacity, an important component of economic loss in personal injury cases.
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The Valuation of Earning Capacity Definition, Measurement and Evidence
Stephen M. Horner,Frank Slesnick +1 more
TL;DR: In this article, the authors explore the concept of earning capacity, with a special emphasis on how earning capacity may be distinguished from expected earnings, and propose guidelines for measuring earning capacity.
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The Gender Wage Gap and the Fair Calculations Act
TL;DR: In this article, the Fair Calculations Act would require forensic economists to ignore an injured party's gender when forecasting the loss in future earnings, and some of the issues that would arise if the law is enacted.
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Retirement-Related Economic Damages Calculations and the Fair Calculations in Civil Damages Act of 2016
TL;DR: In this article, the authors focus on gender discrimination and explore how imposing gender-neutral worklife and earnings tables, per the Fair Calculations in Civil Damages Act of 2016 (the “Act”) would impact earnings and pension calculations in cases involving economic damages.
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References
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Work, Family, Health, and Well-Being
Well-being,Suzanne M. Bianchi,Lynne M. Casper,Rosalind B. King +3 more
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TL;DR: In this article, a multidisciplinary look at work, family, health, and well-being in the United States is presented, with a focus on the relationship between work and family.
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Work, Family, Health, and Well-Being
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•Posted Content
Civil Rights in Ordinary Tort Cases: Race, Gender, and the Calculation of Economic Loss
TL;DR: Chamallas et al. as mentioned in this paper explored race and sex bias in the computation of damages for loss of future earning capacity, an important component of economic loss in personal injury cases.
26