Modelling Socio-Economic Differences in Mortality Using a New Affluence Index

Andrew John George Cairns; Malene Kallestrup; Carsten Rosenskjold; David Blake; Kevin Dowd

doi:10.1017/asb.2019.14

Modelling Socio-Economic Differences in Mortality Using a New Affluence Index

Andrew John George Cairns, Malene Kallestrup, Carsten Rosenskjold, David Blake, Kevin Dowd

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30 Citations (Scopus)

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Abstract

We introduce a new modelling framework to explain socio-economic differences in
mortality in terms of an affluence index that combines information on individual
wealth and income. The model is illustrated using data on older Danish males over
the period 1985-2012 reported in the Statistics Denmark national register database. The model fits the historical mortality data well, captures their key features, generates smoothed death rates that allow us to work with a larger number of sub-groups than has previously been considered feasible, and has plausible projection properties.

Original language	English
Pages (from-to)	555-590
Number of pages	36
Journal	ASTIN Bulletin: The Journal of the IAA
Volume	49
Issue number	3
Early online date	17 Jun 2019
DOIs	https://doi.org/10.1017/asb.2019.14
Publication status	Published - Sept 2019

Keywords

Affluence index
CBD-X model
Danish mortality data
forward correlation term structure
gravity model
multipopulation mortality modelling

ASJC Scopus subject areas

Accounting
Finance
Economics and Econometrics

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10.1017/asb.2019.14

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title = "Modelling Socio-Economic Differences in Mortality Using a New Affluence Index",

abstract = "We introduce a new modelling framework to explain socio-economic differences inmortality in terms of an affluence index that combines information on individualwealth and income. The model is illustrated using data on older Danish males overthe period 1985-2012 reported in the Statistics Denmark national register database. The model fits the historical mortality data well, captures their key features, generates smoothed death rates that allow us to work with a larger number of sub-groups than has previously been considered feasible, and has plausible projection properties.",

keywords = "Affluence index, CBD-X model, Danish mortality data, forward correlation term structure, gravity model, multipopulation mortality modelling",

author = "Cairns, {Andrew John George} and Malene Kallestrup and Carsten Rosenskjold and David Blake and Kevin Dowd",

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AU - Kallestrup, Malene

AU - Rosenskjold, Carsten

AU - Blake, David

AU - Dowd, Kevin

PY - 2019/9

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AB - We introduce a new modelling framework to explain socio-economic differences inmortality in terms of an affluence index that combines information on individualwealth and income. The model is illustrated using data on older Danish males overthe period 1985-2012 reported in the Statistics Denmark national register database. The model fits the historical mortality data well, captures their key features, generates smoothed death rates that allow us to work with a larger number of sub-groups than has previously been considered feasible, and has plausible projection properties.

KW - Affluence index

KW - CBD-X model

KW - Danish mortality data

KW - forward correlation term structure

KW - gravity model

KW - multipopulation mortality modelling

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JO - ASTIN Bulletin: The Journal of the IAA

JF - ASTIN Bulletin: The Journal of the IAA

IS - 3

ER -

Modelling Socio-Economic Differences in Mortality Using a New Affluence Index

Abstract

Keywords

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Andrew John George Cairns

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Modelling Socio-Economic Differences in Mortality Using a New Affluence Index

Abstract

Keywords

ASJC Scopus subject areas

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Andrew John George Cairns

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