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- Title
LIFE TABLES FOR AUTOMOBILES.
- Authors
Gardner, George
- Abstract
The article focuses on the use of life tables in the automobile industry in the U.S. The wide distribution of ownership and rapid depreciation are two of the outstanding features of this form of property. Notwithstanding this important characteristic of the automobile, until very recently, there has been no reliable data of an actuarial nature and little reliable data of any kind pertaining to the depreciation of this form of property. The use of life tables in calculating depreciation seems so natural as to be almost inevitable. The automobile industry has need of life tables for the same reason that insurance companies have need of such tables. Life characteristics are strikingly similar in both cases. In each case there is destruction by chance without predisposition to death.
- Subjects
UNITED States; AUTOMOBILE industry; LIFE tables; ACCOUNTING; DEPRECIATION; PROPERTY
- Publication
Quarterly Journal of Economics, 1933, Vol 47, Issue 2, p368
- ISSN
0033-5533
- Publication type
Article
- DOI
10.2307/1883696