Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/113864
Authors: 
Ornelas, Arelly
Guillén, Montserrat
Year of Publication: 
2013
Citation: 
[Journal:] Revista de Métodos Cuantitativos para la Economía y la Empresa [ISSN:] 1886-516X [Volume:] 16 [Year:] 2013 [Pages:] 47-67
Abstract: 
We model the mortality behavior of the general population in Mexico using data from 1990 to 2009 and compare it to the mortality assumed in the tables used in Mexico for insured lives. We fi a Lee-Carter model, a Renshaw-Haberman model and an Age-Period-Cohort model. The data used are drawn from the Mexican National Institute of Statistics and Geography (INEGI) and the National Population Council (CONAPO). We also fit a Brass-type relational model to compare gaps between general population mortality and the mortality estimates for the insured population used by the National Insurance and Finance Commission in Mexico. As the life tables for insured lives are unisex, i.e. they do not differentiate between men and women, we assume various sex ratios in the mortality tables for insured lives. We compare our results with those obtained for Switzerland and observe very similar outcomes. We emphasize the limitations of the mortality tables used by insurance companies in Mexico. We also discuss the bias incurred when using unisex mortality tables if the proportion of male and female policyholders in an insurance company is not balanced.
Subjects: 
mortality rates
Lee-Carter
longevity dynamics
Brass-type model
insured population
JEL: 
I13
I14
I18
C13
C18
Document Type: 
Article

Files in This Item:
File
Size
863.92 kB





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.