The double-gap life expectancy forecasting model

Date

2017

Authors

Pascariu, Marius D.
Canudas Romo, Vladimir
Vaupel, James W.

Journal Title

Journal ISSN

Volume Title

Publisher

Elsevier

Abstract

Life expectancy is highly correlated over time among countries and between males and females. These associations can be used to improve forecasts. Here we propose a method for forecasting female life expectancy based on analysis of the gap between female life expectancy in a country compared with the record level of female life expectancy in the world. Second, to forecast male life expectancy, the gap between male life expectancy and female life expectancy in a country is analysed. We present these results for various developed countries. We compare our results with forecasts based on the Lee–Carter approach and the Cairns–Blake–Dowd strategy. We focus on forecasting life expectancy at age 0 and remaining life expectancy at age 65.

Description

Keywords

Life expectancy forecasting, Mortality modelling, Best-practice trends, Sex-gap, Time series models

Citation

Source

Insurance: Mathematics and Economics

Type

Journal article

Book Title

Entity type

Access Statement

Open Access

License Rights

CC BY license

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