Life Potential as a Basic Demographic Indicator
This working paper proposes an indicator that integrates life expectancy with the demographic structure of the pop ulation for a given society, combining the simple indica tors of mortality and aging. Life expectancy at birth is in-dependent of the demographic structure of the population and is, therefore, adequate for measuring overall mortality. However, it neglects to take into account the fact that life expectancy increases as society ages. We propose a simple indicator that integrates life expectancy at different ages, not only at birth, with the demographic structure of the popula-tion at a given point in time. The indicator has an intuitive interpretation in terms of the life potential, or biological capital, of society; and given that it is a weighted average, its changes can be easily decomposed into reductions in mortality (gains in life expectancy) and aging for different age intervals.
|Date of creation:||Jun 2012|
|Date of revision:|
|Contact details of provider:|| Postal: Plaza de San Nicolás, 4, 48005 Bilbao|
Phone: +34 94 487 52 52
Fax: +34 94 424 46 21
Web page: http://www.fbbva.es
More information through EDIRC
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Osberg, Lars & Sharpe, Andrew, 2002. "An Index of Economic Well-Being for Selected OECD Countries," Review of Income and Wealth, International Association for Research in Income and Wealth, vol. 48(3), pages 291-316, September.
- Li Gan & Michael D. Hurd & Daniel L. McFadden, 2005.
"Individual Subjective Survival Curves,"
in: Analyses in the Economics of Aging, pages 377-412
National Bureau of Economic Research, Inc.
- Michael Grossman, 1972. "The Demand for Health: A Theoretical and Empirical Investigation," NBER Books, National Bureau of Economic Research, Inc, number gros72-1, May.
When requesting a correction, please mention this item's handle: RePEc:fbb:wpaper:2012111. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Fundacion BBVA / BBVA Foundation)
If references are entirely missing, you can add them using this form.