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Modelling and projecting mortality improvement rates using a cohort perspective

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<title>Modelling and projecting mortality improvement rates using a cohort perspective</title>
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<namePart>Haberman, Steven</namePart>
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<genre authority="marcgt">periodical</genre>
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<dateIssued encoding="marc">2013</dateIssued>
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<abstract displayLabel="Summary">We investigate the feasibility of defining, modelling and projecting of (scaled) mortality improvement rates along cohort years-of-birth, that is, using a cohort perspective. This is in contrast to the approach in the literature which has considered mortality improvement rates that are defined by reference to changes in mortality rates over successive calendar years, that is, using a period perspective. In this paper, we offer a comparison of the 2 parallel approaches to modelling and forecasting using mortality improvement rates. Comparisons of simulated life expectancy and annuity value predictions (mainly by the cohort method) using the England & Wales population mortality experiences for males and females under a variety of controlled data trimming exercises are presented and comparisons are also made between the parallel cohort and period based approaches.</abstract>
<note type="statement of responsibility">Steven Haberman, Arthur Renshaw</note>
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<title>Insurance : mathematics and economics</title>
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<publisher>Oxford : Elsevier, 1990-</publisher>
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<identifier type="issn">0167-6687</identifier>
<identifier type="local">MAP20077100574</identifier>
<part>
<text>01/07/2013 Volumen 53 Número 1 - julio 2013 </text>
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