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The Markov Process Model of Labor Force Activity: Extended Tables of Central Tendency, Shape, Percentile Points, and Bootstrap Standard Errors

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  • Gary R. Skoog
  • James E. Ciecka
  • Kurt V. Krueger

Abstract

This paper updates the Skoog-Ciecka (2001) worklife tables, which used 1997–1998 data, and the Krueger (2005) worklife tables, which used 1998–2004 data. The present paper uses data generated by the methodology Krueger devised in his 2003 PhD dissertation. We have pooled the data beginning January 2005 and continuing through December 2009, a period of five years, using observations matched a year apart. Thus, we have roughly four times the data in the first of the previous studies, and about that of the second. We chose this period for a variety of reasons, including recency, business cycle and trend considerations. The result is the most current and disaggregated set of worklife tables, along with extended probability calculations and statistical measures available to forensic economists.

Suggested Citation

  • Gary R. Skoog & James E. Ciecka & Kurt V. Krueger, 2011. "The Markov Process Model of Labor Force Activity: Extended Tables of Central Tendency, Shape, Percentile Points, and Bootstrap Standard Errors," Journal of Forensic Economics, National Association of Forensic Economics, vol. 22(2), pages 165-229, August.
    • Handle: RePEc:fek:papers:doi:10.5085/jfe.22.2.165
    DOI: 10.5085/jfe.22.2.165
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    JEL classification:

    • K13 - Law and Economics - - Basic Areas of Law - - - Tort Law and Product Liability; Forensic Economics

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