Article ID: | iaor20082862 |
Country: | United Kingdom |
Volume: | 23 |
Issue: | 5 |
Start Page Number: | 385 |
End Page Number: | 401 |
Publication Date: | Sep 2007 |
Journal: | Applied Stochastic Models in Business and Industry |
Authors: | Denuit Michel, Delwarde Antoine, Partrat Christian |
Keywords: | health services, statistics: distributions, statistics: regression |
Mortality improvements pose a challenge for the planning of public retirement systems as well as for the private life annuities business. For public policy, as well as for the management of financial institutions, it is important to forecast future mortality rates. Standard models for mortality forecasting assume that the force of mortality at age