Coming Soon - Updates for the 2006 Edition

Worklife Probability is a PC-based software used to project lifetime lost earnings in present value terms.  It is a component of VALE that may be purchased as a stand-alone product (without the earning capacity component) for a reduced price.

Using the probabilities that underlie The New Worklife Expectancy Tables, the program computes probable earnings on a year-by-year basis using the LPE (Life, Participation, and Employment) methodology.  Earning capacity for both pre- and post-incident are either derived from the above module or entered explicitly by the user.  The user also identifies the following key variables:

• Starting and ending ages for the analysis
• Education level, possibly different for pre- and post-incident
• Gender
• Disability status (see Worklife Expectancy Tables page form more information)
• Fringe benefit rate, stated as a percentage of base income
• Compensation growth and discount rates used to determine present value

The program then computes the pre- and post-incident earnings stream over all future years, with the resulting difference being the loss.

Worklife Probability may be purchased for $295 using our Order Form.

For more information on Worklife Probability, see the following links:

• VALE Users' Manual - Complete users' manual with full explanation of computation methodology and underlying data.
• Worklife Expectancy - Page describing The New Worklife Expectancy Tables.
• Software Support - Pages addressing all known issues with the Worklife Probability software.

Last Modified 02/27/2006

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Vocational Econometrics, Inc.

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