Understanding Mortality Rate Deceleration and Heterogeneity

Generic relationships between heterogeneity in population frailty and flattening of aggregate population hazard functions at extreme ages are drawn from classical mathematical results on the limiting behavior of Laplace transforms. In particular, it shows that the population hazard function converges to a constant precisely when the distribution of unobserved heterogeneity in initial mortalities behaves asymptotically as a polynomial near zero.

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Year of publication:	2006
Authors:	Steinsaltz, David ; Wachter, Kenneth
Published in:	Mathematical Population Studies. - Taylor & Francis Journals, ISSN 0889-8480. - Vol. 13.2006, 1, p. 19-37
Publisher:	Taylor & Francis Journals
Subject:	frailty \| heterogeneity \| biodemography \| hazard functions \| Laplace transforms \| mortality plateaus

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Extent:	text/html
Type of publication:	Article
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10009205514