A Note on Calculating Transition Probabilities from Work-Life Expectancies
Posted: 14 Sep 2000
Abstract
Expert analyses of lost earnings are often based on annuity calculations where work-life expectancies are used to determine the duration of the annuity. This paper provides a method to infer transition probabilities from work-life tables that allows the expert to correctly compute the value of lost earnings.
Suggested Citation: Suggested Citation
Wise, Donald E., A Note on Calculating Transition Probabilities from Work-Life Expectancies. Available at SSRN: https://ssrn.com/abstract=228716
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