The Impact of COVID-19 on Future Higher-Age Mortality

34 Pages Posted: 12 Jun 2020 Last revised: 14 Feb 2021

See all articles by Andrew J. G. Cairns

Andrew J. G. Cairns

Heriot-Watt University - Department of Actuarial Science & Statistics

David P. Blake

City, University of London

Amy Kessler

Prudential Financial

Marsha Kessler

M Kessler Group

Date Written: May 19, 2020

Abstract

This paper seeks to assess the potential longer-term impact of the COVID-19 pandemic on those who survive. We propose a simple model for accelerated deaths that draws on the observation that many of those who die from COVID-19 are often, but not always, much less healthy than the average for their age group. The model predicts that, in the absence of additional secondary effects, the impact on the life expectancy of survivors (the anti-selection effect) will be very small, and that the degree of impact depends on the average years of life lost by those who die from COVID-19. The philosophy underpinning the model is supported by reference to both all-cause mortality by age and all-cause mortality by deprivation group. In combination, these support a proportionality link between COVID-19 mortality and individual frailty or death rate. The model predicts potentially low mortality in 2021 (healthy survivors), and we find evidence for a similar effect in mortality from respiratory diseases over the period 2013-15.


Presentation here:

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Note: Funding: Funding information – There was no research grant to fund this paper

Declaration of Interest – Our interests are purely academic

Keywords: COVID-19, all-cause mortality, frailty, co-morbidities, mortality deprivation, accelerated deaths model

JEL Classification: J11

Suggested Citation

Cairns, Andrew J. G. and Blake, David P. and Kessler, Amy and Kessler, Marsha, The Impact of COVID-19 on Future Higher-Age Mortality (May 19, 2020). Available at SSRN: https://ssrn.com/abstract=3606988 or http://dx.doi.org/10.2139/ssrn.3606988

Andrew J. G. Cairns (Contact Author)

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

Edinburgh, Scotland EH14 4AS
United Kingdom

David P. Blake

City, University of London ( email )

106 Bunhill Row
London, EC1Y 8TZX
Great Britain
+44 (0) 20-7040-8600 (Phone)
+44 (0) 20-7040-8881 (Fax)

HOME PAGE: http://www.pensions-institute.org/

Amy Kessler

Prudential Financial ( email )

United States

Marsha Kessler

M Kessler Group ( email )

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