Finance Department

 

Date of this Version

2004

Document Type

Article

Citation

Journal of Actuarial Practice 11 (2004), pp. 103-128

Comments

Copyright 2004 Absalom Press

Abstract

A recent study of Swedish old-age mortality used a modified GompertzMakeham model with a linear hazard for the force of mortality. We propose an alternative model using smooth two-dimensional kernel hazard estimators and introduce a new estimator based on the multiplicative bias correction for the multivariate marker dependent hazard. The multiplicative bias correction appears to have great potential for estimating mortality rates at the highest ages. We also observe that mortality continues to increase at an exponential rate even in old-age.

Share

COinS