Modelling socio-economic differences in mortality using a new affluence index

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DOI

  • Andrew J.G. Cairns, Heriot-Watt University
  • ,
  • Malene Kallestrup-Lamb
  • Carsten Rosenskjold
  • ,
  • David Blake, Cass Business School
  • ,
  • Kevin Dowd, Durham University

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.

Original languageEnglish
JournalASTIN Bulletin
Volume49
Issue3
Pages (from-to)555-590
Number of pages36
ISSN0515-0361
DOIs
Publication statusPublished - 2019

    Research areas

  • Affluence index, CBD-X model, Danish mortality data, forward correlation term structure, gravity model, multipopulation mortality modelling

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