• Korea journal of population studies
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• v.34 no.3
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• pp.157-177
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• 2011

This paper examines the performance of the coherent Lee-Carter method for the mortality forecasting for the Republic of Korea combined with Japan and the Taiwan Province of China as a group by comparing it with the separately applied Lee-Carter method. It narrowed the gap of life expectancies between three countries from 6.8 years to 3.0 years in 2050, with higher life expectancy forecasts for the Taiwan Province of China and lower ones for Japan than with the separate forecast. This method did not affect the sex-combined life expectancy forecast for the Republic of Korea, but it accelerated the mortality decline for ages 65 and over and decelerated it for the younger age groups, diminishing sex differentials of life expectancy at a slower speed. It suggests that the integration of regional mortality information into mortality forecasting of one country gives several advantages in terms of short run fit within each country as well as long run convergence between countries, a modification of the age pattern of mortality decline, and a consistent application of the forecasting of subgroups within a country.

• Korea journal of population studies
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• v.32 no.1
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• pp.113-137
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• 2009

This article uses genealogical information to estimate fertility, mortality, and population growth in Korea during the eighteenth and nineteenth centuries. Upper class males' probability of dying as estimated from genealogies was converted into that for the whole male population drawing upon information on colonial mortality and model life tables, which indicated male life expectancy at birth was 23 years. Age-specific marital fertility rates for upper class females as calculated from genealogies were combined with estimates of age at first marriage and information on colonial fertility to derive age-specific fertility rate for the whole female population, which implied a total fertility rate of 6.81. Finally, the estimated indices of mortality and fertility were inserted into equations describing stable populations to find that the Korean population grew 0.62% p.a. during the eighteenth and nineteenth centuries.

• Korea journal of population studies
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• v.29 no.2
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• pp.27-51
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• 2006

In this paper, I have tested various kinds of methods for mortality projection and chose Lee-Carter method for projection of Korean mortality by age and sex. I reviewed the trends of life tables and life expectancies by age and sex from 2005 to 2050 projected by Lee-Carter method and found that the method was very applicable for Korean mortality projection. The differences between reported and estimated data for the period of 1971-2003 were small enough for both sexes and for all of the age groups. The projected life expectancies in 2051 were 82.73 years for males and 89.41 for females, and the differences decreased from 7.06 years in 2005 to 6.68 years. Because of the limitation of Korean infant mortality rate, I adopted the Japanese estimated IMR in 2050 as Korean object level in 2051. When the time series of IMR become long enough, we can use Korean IMR directly for the mortality projection. In addition, if we can estimate the changes of the main cause of death correctly in future, the mortality projection will be more correct and reliable. This will be available when we can produce a long series of life tables by cause of deaths.

• The Korean Journal of Applied Statistics
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• v.26 no.6
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• pp.1019-1032
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• 2013

The accurate prediction of future mortality is an important issue due to recent rapid increases in life expectancy. An accurate estimation and prediction of mortality is important to future welfare policies. The optimal selection of a mortality model is important to estimate and predict mortality; however, the period of time series data used is also an important issue. It is essential to understand that the time series data for mortality is short in Korea and the data before 1982 is incomplete. This paper divides the time series of Korean mortality into two sets to compare the parameter estimates of the LC model and LC model with a cohort effect by the period of data used. A modeling and prediction of the mortality index and cohort effect index as well as the evaluation of future life expectancy is conducted. Finally, some suggestions are proposed for the future prediction of mortality.

• Journal of Teachers' Pension
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• v.2
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• pp.181-206
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• 2017

출산율 하락과 기대여명 증가에 따라 인구구조의 고령화가 급격히 진행되고 있다. 이에 따라 소득보장이나 건강보장과 같은 사회보장제도의 장기 재정 불안정과 관련된 사회적 우려가 높다. 여러 세대를 거쳐 사회보장제도를 안정적으로 유지하기 위해서는 제도의 장기적 재정 상태에 대한 정확한 전망이 요청된다. 재정 상태에 대한 정확한 진단은 장기 재정 안정화를 위한 가장 기본적인 전제 조건이며, 정확한 재정 상태에 대한 평가 없이 재정 안정화를 위한 사회적 합의를 도출하는 것은 가능하지 않다. 본 연구는 사학연금의 장기 재정 전망에 필요한 사망률 전망 방법을 검토함으로써 사학연금 장기 재정 전망 작업의 정확성과 신뢰성을 높이고자 하는 목적을 가지고 있다. 보다 구체적으로, 본 연구는 연앙인구 및 사망 건수 자료가 제한적인 동시에 단기 시계열 자료만이 존재하는 사학연금 데이터베이스의 특성을 반영한 사망률 전망 모형을 구축하고 있다. 사학연금 남성 사망률 전망과 관련하여 본 연구에서 제안하는 모형은 목표 집단의 사망력 패턴과 밀접히 연관된 준거 집단을 통합적으로 모형화하는 정합적 사망률 모형(coherent mortality model)이다. 반면 관측된 사망 건수가 매우 제한적인 관계로 사학연금 데이터베이스에 기초하여 사망률을 전망하기 쉽지 않은 여성 사망률의 경우 통계청 장래인구추계에서 전망된 성별 사망확률 격차가 사학연금에도 적용될 수 있다는 가정하에 사학연금 여성 사망률을 전망하는 방법을 제안하고 있다.

• The Korean Journal of Applied Statistics
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• v.31 no.4
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• pp.427-446
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• 2018

Korea will have a super-aged society within only 30 years according to the United Nations' definition of an aging society and the statistics on Korea's Population projections (2016), indicates that Korea has the fastest ageing speed in the world. There is a lack of data on long-term time-series data on death as related to pension and welfare policies compared to the rapid rate of aging. This paper estimates life expectancy over 245 years (from 1955 to 2200) through past and future forecasts as well as compares the expected life expectancy of the synthetic cohort and the real cohort. In addition, an international comparisons were made to understand the level of aging in Korea. Estimates of the back-projection period were compared with previous studies and the LC model to improve accuracy and objectivity. In addition, the predictions after 2016 reflected the declined mortality rate effect of Korea using the LC-ER model. The results showed an increase in life expectancy of about 30 years over 60 years (1955-2015) with an expected life expectancy of the real cohort over the second century (1955-2155) higher than the synthetic cohort. The comparative advantage of life expectancy of real cohorts was confirmed to be a common trend among comparative countries. In addition, Japan and Korea have a higher life expectancy and starting from 85 to 90 years old, all comparative countries show that the growth rate for the life expectancy of synthetic and real cohorts is less than previous years.

• KDI Journal of Economic Policy
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• v.13 no.1
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• pp.115-134
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• 1991

The role of pension plans in the macroeconomy has been a subject of much interest for some years. It has come to be recognized that pension plans may alter basic macroeconomic behavior patterns. The net effects on both savings and labor supply are thus matters for speculation. The aim of the present paper is to provide quantitative results which may be helpful in attaching orders of magnitude to some of the possible effects. We are not concerned with the providing empirical evidence relating to actual behavior, but rather with deriving the macroeconomic implications for a alternative possibilities. The pension plan interacts with the economy and the population in a number of ways. Demographic variables may thus affect both the economic burden of a national pension plan and the ability of the economy to sustain the burden. The tax transfer process associated with the pension plan may have implications for national patterns of saving and consumption. The existence of a pension plan may have implications also for the size of the labor force, inasmuch as labor force participation rates may be affected. Changes in technology and the associated changes in average productivity levels bear directly on the size of the national income, and hence on the pension contribution base. The vehicle for the analysis is a hypothetical but broadly realistic simulation model of an economic- demographic system into which is inserted a national pension plan. All income, expenditure, and related aggregates are in real terms. The economy is basically neoclassical; full employment is assumed, output is generated by a Cobb-Douglas production process, and factors receive their marginal products. The model was designed for use in computer simulation experiments. The simulation results suggest a number of general conclusions. These may be summarized as follows; - The introduction of a national pension plan (funded system) tends to increase the rate of economic growth until cost exceeds revenue. - A scheme with full wage indexing is more expensive than one in which pensions are merely price indexed. - The rate of technical progress is not a critical element in determining the economic burden of the pension scheme. - Raising the rate of benefits affects its economic burden, and raising the age of eligibility may decrease the burden substantially. - The level of fertility is an element in determining the long-run burden. A sustained low fertility rate increases the proportion of the aged in total population and increases the burden of the pension plan. High fertility has inverse effects.