Modelling Socio-Economic Differences in Mortality Using a New Affluence Index

41 Pages Posted: 22 May 2019

See all articles by Andrew J. G. Cairns

Andrew J. G. Cairns

Heriot-Watt University - Department of Actuarial Science & Statistics

Malene Kallestrup Lamb

Aarhus University - CREATES

Carsten Rosenskjold

Aarhus University

David P. Blake

City University London - Cass Business School

Kevin Dowd

City University London - Sir John Cass Business School

Date Written: March 19, 2019

Abstract

We introduce a new modelling framework to explain socioeconomic 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 subgroups than has previously been considered feasible, and has plausible projection properties.

Keywords: Affluence index, Danish mortality data, CBD-X model, gravity model

JEL Classification: J11, C53, G22

Suggested Citation

Cairns, Andrew J. G. and Kallestrup Lamb, Malene and Rosenskjold, Carsten and Blake, David P. and Dowd, Kevin, Modelling Socio-Economic Differences in Mortality Using a New Affluence Index (March 19, 2019). Available at SSRN: https://ssrn.com/abstract=3376527 or http://dx.doi.org/10.2139/ssrn.3376527

Andrew J. G. Cairns (Contact Author)

Heriot-Watt University - Department of Actuarial Science & Statistics ( email )

Edinburgh, Scotland EH14 4AS
United Kingdom

Malene Kallestrup Lamb

Aarhus University - CREATES ( email )

School of Economics and Management
Building 1322, Bartholins Alle 10
DK-8000 Aarhus C
Denmark

Carsten Rosenskjold

Aarhus University ( email )

Nordre Ringgade 1
DK-8000 Aarhus C, 8000
Denmark

David P. Blake

City University London - Cass Business School ( email )

London, EC2Y 8HB
Great Britain
+44 (0) 20-7040-5143 (Phone)
+44 (0) 20-7040-8881 (Fax)

Kevin Dowd

City University London - Sir John Cass Business School ( email )

106 Bunhill Row
London, EC1Y 8TZ
United Kingdom

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