Work life expectancy is the number of years you are probably going to work over your lifetime based on statistical analysis. This means that you might work more, or less, but based on demographics applied to your population you can reasonably be expected to work for your work life expectancy measured in years.
People leave the work force for many reasons. Death, disability, and retirement are all examples. Each you stand a chance of leaving the work force. You can’t predict the future as it is applied to an individual. But you can made reasonable future predictions as applied to populations.
Work life expectancy is important because it is part of the calculation of lifetime economic loss. The longer your work life expectancy, the larger your lifetime economic loss all other things being equal. If you are in your early 20s you will have a work life expectance of over 30 years.
If you or anyone you know have suffered a loss of earning capacity or a serious injury from a Norwich car accident contact the Norwich car accident lawyers at The Bartinik Law Firm, PC., 100 Fort Hill Road, Groton, CT., at 860 445 8521 or toll free at 888 717 4211.