Hostname: page-component-586b7cd67f-rcrh6 Total loading time: 0 Render date: 2024-11-26T08:17:59.008Z Has data issue: false hasContentIssue false
  • English
  • Français

Work time lost to sickness, unemployment and stoppages: measurement and application

Published online by Cambridge University Press:  20 April 2012

S. Haberman  and
D. S. F. Bloomfield
Get access Rights & Permissions [Opens in a new window]

Abstract

The paper considers a number of methods of estimating the work time lost due to sickness, unemployment and stoppages. The most satisfactory approach suggested is based on a multiple state working life table. Numerical examples of the measurement of work time lost are provided for particular application to the actuarial assessment of damages (arising out of personal injury or fatal accident). Other applications, including the pricing of unemployment insurance, are also discussed.

Keywords

Multiple State ModelsDamagesSicknessUnemployment
Type
Research Article
Information
Journal of the Institute of Actuaries , Volume 117 , Issue 3 , December 1990 , pp. 533 - 595
Copyright
Copyright © Institute and Faculty of Actuaries 1990

Access options

Get access to the full version of this content by using one of the access options below. (Log in options will check for institutional or personal access. Content may require purchase if you do not have access.)

References

(1) Bloomfield, D. S. F. & Haberman, S. (1989). The Assessment of Damages and the Measurement of Work Time Lost to Sickness, Unemployment and Stoppages. Actuarial Research Paper No. 9, Department of Actuarial Science and Statistics, City University.Google Scholar
(2) Owen, R. & Shier, P. S. (1986)). The Actuary in Damages Cases-Expert Witness or Court Astrologer? J.I.A.S.S. 29, 53.Google Scholar
(3) Haberman, S. (1987)). Long Term Sickness and Invalidity Benefits: Forecasting and other Actuarial Problems. J.I.A. 114, 467.Google Scholar
(4) Prevett, J. H. (1968)). Actuarial Assessment of Damages. J.I.A. 94, 293.Google Scholar
(5) Traversi, A. T. (1956)). Actuaries and the Courts. Australian Law Journal, 29, 557–561.Google Scholar
(6) Street, H. (1962)). Principles of the Law of Damages. Chapter 5. Sweet and Maxwell.Google Scholar
(7) Kemp, D. A. (1975)). Kemp and Kemp: The Quantum of Damages (4th Edition). Chapter 8.Sweet and Maxwell.Google Scholar
(8) Luntz, H. (1974)). Assessment of Damages for Personal Injury and Death. Chapter 6. Butterworths.Google Scholar
(9) Hoem, J. M. (1977)). A Markov Chain Model of Working Life Tables. Scand. Actuarial Journal, 1–20.Google Scholar
(10) Wolfbein, S. L. (1984)). The Length of Working Life. Population Studies, 3, 286–294.CrossRefGoogle Scholar
(11) Becker, W. E. & Alter, G. C. (1987)). The Probabilities of Life and Work Force Status in the Calculation of Expected Earnings. Journal of Risk and Insurance, 54, 364–375.CrossRefGoogle Scholar
(12) Hoem, J. M. & Fong, M. S. (1976)). A Markov Chain Model of Working Life Tables, Report No. 1. Working Paper No. 2. Laboratory of Actuarial Mathematics. University of Copenhagen.Google Scholar
(13) OPCS (1987)). Labour Force Survey 1985. H.M.S.O., London.Google Scholar
(14) OPCS (1987)). English Life Tables No. 14. 1980-82. Series DS No. 7, H.M.S.O., London.Google Scholar
(15) Garfinkle, S. (1956)). Tables of Working Life for Women. Monthly Labour Review, 79, 654–9, 901-7. 1152–8.Google Scholar
(16) Hughes, P. R. & Hutchinson, G. (1986)). The Changing Picture of Male Unemployment in Great Britain. 1972–81. Oxford Bulletin of Economics and Statistics, 48, 309–330.CrossRefGoogle Scholar
(17) DHSS Social Security Statistics H.M.S.O.Google Scholar
(18) General Household Survey 1982. No. 12. H.M.S.O., London.Google Scholar
(19) Monthly Statistics from Employment Gazette.Google Scholar
(20) Moylan, S., Millar, J. & Davies, R. (1984)). For Richer, For Poorer? DHSS Cohort Study of Unemployed Men. DHSS Research Report No. 11. H.M.S.O., London.Google Scholar
(21) Department of Employment (1983)). Who Becomes Unemployed? Department of Employment Gazette, 91, 21. H.M.S.O., London.Google Scholar
(22) Department of Employment (1978)). Duration of Employment. Department of Employment Gazette, 86, 1048–1058. H.M.S.O., London.Google Scholar
(23) Department of Employment (1986)). Classification of Economic Activity. Department of Employment Gazette, 94, 21–27. H.M.S.O., London.Google Scholar
(24) Department of Employment (1975)). Department of Employment Gazette, 86, No. 1 and No. 11. H.M.S.O., London.Google Scholar
(25) Department of Employment (1986)). Stoppages caused by Industrial Disputes since 1965. Department of Employment Gazette, 94, 323. H.M.S.O., London.Google Scholar
(26) Department of Employment (1987)). Labour Force Outlook for Great Britain. Department of Employment Gazette, 95, 253–263. H.M.S.O., London.Google Scholar
(27) Department of Employment (1986)). Unemployment Figures: The Claimant Count and the Labour Force Survey. Department of Employment Gazette, 94, 417–422. H.M.S.O., London.Google Scholar
(28) The Distribution of Unemployment and Sickness among the United Kingdom Population. Unpublished mimeograph.Google Scholar
(29) Haberman, S. (1983)). Decrement Tables and the Measurement of Morbidity I. J.I.A. 110, 361.Google Scholar
(30) Haberman, S. (1984)). Decrement Tables and the Measurement of Morbidity II. J.I.A. 111, 78.Google Scholar
(31) Waters, H. R. (1984)). An Approach to the Study of Multiple State Models. J.I.A. 111, 363.Google Scholar
(32) Smith, S. J. (1982)). New Worklife Estimates reflect Changing Profile of Labour Force. Monthly Labour Review, March 1982, 15–20.Google Scholar
(33) Hoem, J. M. & Fong, M. S. (1976)). Markov Chain Model of Working Life Tables. Supplement to Report No. 1, Laboratory of Actuarial Mathematics Working Paper No. 2. University of Copenhagen.Google Scholar
(34) Alter, G. C. & Becker, W. E. (1985)). Estimating Lost Future Earnings using the New Worklife Tables. Monthly Labour Review. Feb. 1985. 39–42.Google Scholar
(35) Smith, S. J. (1985)). Revised Worklife Tables reflect 1979–80 Experience. Monthly Labour Review, August 1985, 23–30.Google Scholar
(36) Malinvaud, E. (1985)). Unemployment Insurance. The Geneva Papers on Risk and Insurance, 10, 6–22.CrossRefGoogle Scholar
(37) Beenstock, M. (1985)). Competitive Unemployment Insurance Pricing. The Geneva Papers on Risk and Insurance, 10, 23–31.CrossRefGoogle Scholar
(38) Shavell, S. & Weiss, L. (1979)). The Optimal Payment of Unemployment Insurance Benefits over Time. Journal of Political Economy, 87, 1347–1362.CrossRefGoogle Scholar
(39) Sampson, A. A. (1978)). Optimal Redundancy Compensation. Review, of Economic Studies, 45, 447–452.CrossRefGoogle Scholar
(40) Nickell, S. J. (1979)). The Effect of Unemployment and Related Benefits on the Duration of Unemployment. The Economic Journal, 89, 34–49.CrossRefGoogle Scholar
(41) Department of Employment (1987)). Labour Force Outlook for Great Britain. Department of Employment Gazette, 95, 253–263. H.M.S.O., London.Google Scholar
(42) Apostol, T. M. (1974)). Mathematical Analysis. Second Edition. Addison Wesley.Google Scholar