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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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Copyright: © 2014 National Association of Forensic Economics
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Figure 1.
Figure 1.

Probability of participation in the labor force, non-market work, and other situations of 25-year-old women with a high school education starting age 25 in the labor force.


Contributor Notes

*Kurt V. Krueger, Ph.D., John Ward Economics, Prairie Village, KS; Frank L. Slesnick, Ph.D., Professor Emeritus of Economics, W. Fielding Rubel School of Business, Bellarmine University, Louisville, KY.