Worklife Expectancies Of Railroad Workers
In: Journal of Forensic Economics, Jg. 11 (1998), S. 237-252
Online
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Zugriff:
The use of worklife expectancies separately or in conjunction with probability measures of mortality and labor force participation in LPE analyses is commonplace in forensic economics--eight variants have been surveyed in Ciecka (1994). The commonly used Bureau of Labor Statistics (BLS) tables of Bulletin 2254 (1986) and their updates (Ciecka, Donley, and Goldman, 1995 and 1996) apply to broad groups of US workers, with breakdowns by age, sex, labor force status, and a further variable, either race or education. The only occupation specific tables in common use are the railroad tables published every three years by the Association of American Railroads (AAR). The complete methodology of those tables has not been published prior to this paper, but it can safely be said that that methodology differs from the above tables generated by economists and demographers, z Funderburk (1988) noted the lack of documentation for the AAR tables. Although he did not provide details, Funderburk did specify the AAR’s methodology in general terms, and he correctly identified the variables used, as well as the variables excluded, from the AAR’s tables. In addition, he made several comments about the limitations of the tables in lawsuits. In a forthcoming paper, Ireland (1998) reconsiders, and takes issue with, some Funderburk’s arguments. The purposes of this paper are: (1) to present the railroad tables’ methodology in detail and thereby to remove almost all of the remaining mystery surrounding them; (2) to provide a set of exact-age tables based on a methodology similar to the ARR but using data recently published by the US Railroad Retirement Board (RRB) in its Twentieth Actuarial Valuation (1997)--although an improvement on the AAR tables, these new tables still suffer from many of the defects of their predecessors; (3) to provide railroad worklife expectancies based on the data in the Twentieth Actuarial Valuation using BLS type methodology--these tables are a significant improvement over the AAR-type tables; and (4) to discuss the limitations of all of the foregoing tables.
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Worklife Expectancies Of Railroad Workers
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Autor/in / Beteiligte Person: | Ciecka, James E. ; Skoog, Gary R. |
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Zeitschrift: | Journal of Forensic Economics, Jg. 11 (1998), S. 237-252 |
Veröffentlichung: | Journal of Forensic Economics, 1998 |
Medientyp: | unknown |
ISSN: | 0898-5510 (print) |
DOI: | 10.5085/jfe.11.3.237 |
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