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Abstract

We introduce a new modelling framework to explain socio-economic differences in mortality in terms of an affluence index that combines information on individual wealth and income. The model is illustrated using data on older Danish males over
the period 1985-2012 reported in the Statistics Denmark national register database. The model fits the historical mortality data well, captures their key features, generates smoothed death rates that allow us to work with a larger number of sub-groups than has previously been considered feasible, and has plausible projection properties.

Publication Type:	Article
Additional Information:	This article has been published in a revised form in ASTIN Bulletin - The Journal of the International Actuarial Association, https://doi.org/10.1017/asb.2019.14. This version is free to view and download for private research and study only. Not for re-distribution, re-sale or use in derivative works. © Cambridge University Press.
Publisher Keywords:	Affluence index; Danish mortality data; CBD-X model; gravity model;multi-population mortality modelling; forward correlation term structure
Subjects:	H Social Sciences > HG Finance
Departments:	Bayes Business School > Finance
SWORD Depositor:	Symplectic Administrator

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