City Research Online

On the Structure and Classification of Mortality Models

Hunt, A. and Blake, D. (2018). On the Structure and Classification of Mortality Models. North American Actuarial Journal,

Abstract

There has recently been a huge increase in the use of models which examine the structure of mortality rates across the dimensions of age, period and cohort. This paper reviews the major developments in the field and provides a holistic analysis of these models and examines their similarities and differences. Specifically, it reviews the models that have been proposed to date, investigates the structure of age/period/cohort mortality models, introduces a classification scheme for existing models and lists the key principles a model user should consider when constructing a new model in this class.

Publication Type: Article
Additional Information: This is an Accepted Manuscript of an article published by Taylor & Francis in 'North American Actuarial Journal' on 2018, available online: https://www.tandfonline.com/toc/uaaj20/current.
Publisher Keywords: Mortality modelling, age/period/cohort models, age period effects, cohort effects
Subjects: H Social Sciences > HG Finance
Departments: Cass Business School > Finance
URI: http://openaccess.city.ac.uk/id/eprint/20462
[img] Text - Accepted Version
This document is not freely accessible due to copyright restrictions.

To request a copy, please use the button below.

Request a copy

Export

Downloads

Downloads per month over past year

View more statistics

Actions (login required)

Admin Login Admin Login