A Markov Process Model of Work Life Expectancies Based on Labor Market Activity in 1994-95

Abstract

This paper provides a new set of work life tables for 1994-95 based on the same Markov process model of labor force activity used to calculate work life expectancies for 1992-93 in order to assess the stability of those estimates. Our findings indicate that there is little change between the 1992-93 and 1994-95 based results--and that the differences that were documented as occurring between the previous BLS estimates and those in 1992-93 are not transient.