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An Estimation of an Old Age Mortality Rate Using CK Model and Relational Model

  • Jung, Kyunam (Department of Statistics, Sungkyunkwan University) ;
  • Kim, Donguk (Department of Statistics, Sungkyunkwan University)
  • Received : 2012.10.23
  • Accepted : 2012.11.05
  • Published : 2012.11.30

Abstract

Due to a rapidly aging society, the future Korea mortality rate is important for planning national financial strategies and social security policies. Old age mortality statistics are very limited in their ability to project a future mortality rate; therefore, it is essential to accurately estimate the old age mortality rate. In this paper, we show that the CK model with a Relational model as a base model provides accurate estimates of old age mortality rates.

Keywords

References

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  1. Comparison of Mortality Estimate and Prediction by the Period of Time Series Data Used vol.26, pp.6, 2013, https://doi.org/10.5351/KJAS.2013.26.6.1019