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Mortality projections for higher educational attainment with semi-parametric accelerated hazard relational models

Author

Listed:
  • Meitner Cadena

    (Universidad de las Fuerzas Armadas)

  • Michel Denuit

    (Université Catholique de Louvain (UCL))

Abstract

The semiparametric accelerated hazard relational models proposed by Cadena and Denuit (Insurance Math. Econ. 68:1–16, 2016) are built from a reference life table by distorting the age scale. Individuals are made younger or older before performing the computations with the reference life table. In this paper, the mortality of individuals with higher educational attainment is modeled by means of an accelerated hazard relation specification. It is then projected by reference to the general population, using two different approaches. Numerical illustrations are performed on US mortality statistics.

Suggested Citation

  • Meitner Cadena & Michel Denuit, 2023. "Mortality projections for higher educational attainment with semi-parametric accelerated hazard relational models," Decisions in Economics and Finance, Springer;Associazione per la Matematica, vol. 46(2), pages 569-582, December.
    • Handle: RePEc:spr:decfin:v:46:y:2023:i:2:d:10.1007_s10203-023-00391-4
    DOI: 10.1007/s10203-023-00391-4
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    References listed on IDEAS

    as
    1. Kevin Dowd & Andrew Cairns & David Blake & Guy Coughlan & Marwa Khalaf-Allah, 2011. "A Gravity Model of Mortality Rates for Two Related Populations," North American Actuarial Journal, Taylor & Francis Journals, vol. 15(2), pages 334-356.
    2. Cadena, Meitner & Denuit, Michel, 2021. "A new measure of mortality differentials based on precedence probability," LIDAM Reprints ISBA 2021044, Université catholique de Louvain, Institute of Statistics, Biostatistics and Actuarial Sciences (ISBA).
    3. John Bongaarts, 2005. "Long-range trends in adult mortality: Models and projection methods," Demography, Springer;Population Association of America (PAA), vol. 42(1), pages 23-49, February.
    4. Cadena, Meitner & Denuit, Michel, 2016. "Semi-parametric accelerated hazard relational models with applications to mortality projections," Insurance: Mathematics and Economics, Elsevier, vol. 68(C), pages 1-16.
    5. Villegas, Andrés M. & Haberman, Steven & Kaishev, Vladimir K. & Millossovich, Pietro, 2017. "A Comparative Study Of Two-Population Models For The Assessment Of Basis Risk In Longevity Hedges," ASTIN Bulletin, Cambridge University Press, vol. 47(3), pages 631-679, September.
    6. Andrés Villegas & Steven Haberman, 2014. "On the Modeling and Forecasting of Socioeconomic Mortality Differentials: An Application to Deprivation and Mortality in England," North American Actuarial Journal, Taylor & Francis Journals, vol. 18(1), pages 168-193.
    7. Cadena, Meitner & Denuit, Michel, 2021. "A new measure of mortality differentials based on precedence probability," LIDAM Discussion Papers ISBA 2021011, Université catholique de Louvain, Institute of Statistics, Biostatistics and Actuarial Sciences (ISBA).
    8. Cairns, Andrew J.G. & Blake, David & Dowd, Kevin & Coughlan, Guy D. & Khalaf-Allah, Marwa, 2011. "Bayesian Stochastic Mortality Modelling for Two Populations," ASTIN Bulletin, Cambridge University Press, vol. 41(1), pages 29-59, May.
    9. Cadena, Meitner & Denuit, Michel, 2016. "Semi-parametric accelerated hazard relational models with applications to mortality projections," LIDAM Reprints ISBA 2016012, Université catholique de Louvain, Institute of Statistics, Biostatistics and Actuarial Sciences (ISBA).
    10. Michel Guillot & Hyun Sik Kim, 2011. "On the correspondence between CAL and lagged cohort life expectancy," Demographic Research, Max Planck Institute for Demographic Research, Rostock, Germany, vol. 24(25), pages 611-632.
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    More about this item

    Keywords

    Life tables; Accelerated hazard; Poisson regression; Mortality projection; Mortality differentials; Education;
    All these keywords.

    JEL classification:

    • C14 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods and Methodology: General - - - Semiparametric and Nonparametric Methods: General
    • C01 - Mathematical and Quantitative Methods - - General - - - Econometrics
    • C02 - Mathematical and Quantitative Methods - - General - - - Mathematical Economics

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