Worklife Expectancy Tables: They Should not be Used to Compute Wage Loss in Injury and Death Cases
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Authors
Baker, Gary
Clevenger, Thomas
Walker, Rosemary
Issue Date
2004-02-1
Type
Working paper
Language
en_US
Keywords
Worklife expectancy , Lost income from death or injury , Productive life span , Lost earnings damages
Alternative Title
Abstract
Worklife expectancy tables are tools that can be used to estimate macroeconomic needs. That is, worklife tables assist in estimating what needs the government may have in worker's compensation cases. However, worklife does not have a place in the courtroom where economists are attempting to estimate the present value of a future income stream.
Description
Citation
Publisher
Washburn University. School of Business