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RESEARCH PRODUCT
Assessing implicit hypotheses in life table construction
Josep LledóJose M. PavíaFrancisco Morillassubject
Statistics and ProbabilityEconomics and Econometricseducation.field_of_studyActuarial scienceComputer sciencePopulationEstimatorMicrodata (statistics)01 natural sciences010104 statistics & probability03 medical and health sciences0302 clinical medicineLife tablePublic pensionEconometrics030212 general & internal medicine0101 mathematicsStatistics Probability and Uncertaintyeducationdescription
AbstractMortality figures are of capital importance for policy-making and public planning, as in forecasting financial provisions in public pension systems. General population life tables are constructed from aggregated statistics, an issue that usually entails adopting some (implicit) assumptions in their construction, such as the hypothesis of closed demographic system or the hypotheses of uniform distributions of death counts (and migration events) by age and calendar year. As microdata have become more abundant and reliable, these hypotheses could be assessed and more assumption-free estimators employed. Using a real database from Spain, we show that the above hypotheses are not appropriate in general and that the more efficient estimators proposed in this paper should be promoted, as differences persist depending on the estimator computed.
year | journal | country | edition | language |
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2016-05-24 | Scandinavian Actuarial Journal |