Abstract
Summary A working life table is a basic tool in the analysis and projection of labor force mobility and participation. The columns of the working life table reflect the dynamics of individual labor force entries and exits. They are essential for the detailed analysis of work-force progression, trends of retirement, and educational planning. The working life table is required also for the calculation of the money-value of an individual. Summary measures are provided through the columns of work life expectancy, which figure prominently in comparisons of different levels of economic and social development, both over time and across populations. Traditional methods for the construction of tables of working life are based on assumptions some of which are at variance with reality (a unimodal curve of labor force participation by age and a single lifetime entry and exit from the labor force). A new method of construction is proposed in the present paper. The method is based on the theory of Markov chains with co...
Sign-in/Register to access full text options 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
