Worklife Expectancy Calculator
This calculator provides the average residual worklife expectancy based on the demographic information you select. The worklife expectancy is calculated utilizing work experience of people with similar demographics to those that you selected.
When Attorneys Use This Calculator
Attorneys utilize this calculator to assist in determining their clients' remaining years of work prior to their retirement or death. This calculator is often used in cases in which there are damages to earnings or benefits potential.
For a calculation of your client's work life expectancy and economic damages, complete a case form and a consultant will contact you shortly.
Terms and Conditions
Please read the Terms and Conditions before using the calculator.
An individual's worklife expectancy is the average number of years that individual is expected be in the labor force through the remainder of their life. Unlike retirement age, the worklife expectancy takes into account the amount of time an individual is expected to be out of work due to voluntary or involuntary reasons such as unemployment, sabbatical from work, unpaid work, disability, or mortality. Worklife expectancies are the sum total of the partial years of work throughout the life of similar individuals.
The worklife expectancy statistics provided by this calculator are based on the work experiences of similar individuals to the demographic information entered. These demographics include the individual's gender, race, marital status, if they have children, educational attainment, employment status, and age.
Worklife expectancies obtained from this calculator are based on Current Population Survey data and an econometric model detailed in Millimet, Nieswiadomy, and Slottje's paper Detailed Estimation of Worklife Expectancy for the Measurement of Human Capital: Accounting for Marriage and Children, 2010.