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A Markov chain model of working life tables
Scandinavian Actuarial Journal ( IF 1.6 ) Pub Date : 1977-01-01 , DOI: 10.1080/03461238.1977.10405621
Jan M. Hoem

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...

中文翻译:

工作寿命表的马尔可夫链模型

总结 工作寿命表是分析和预测劳动力流动和参与的基本工具。工作寿命表的列反映了个体劳动力进入和退出的动态。它们对于详细分析劳动力发展、退休趋势和教育规划至关重要。计算个人的货币价值也需要工作寿命表。工作预期寿命栏提供了汇总衡量指标,这些指标在比较不同时期和不同人口的不同经济和社会发展水平时占有突出地位。构建工作寿命表的传统方法基于一些假设,其中一些假设与现实存在差异(劳动力参与按年龄的单峰曲线和单次进入和退出劳动力的一生)。本文提出了一种新的构造方法。该方法是基于马尔可夫链的理论与...
更新日期:1977-01-01
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