Coherent Mortality Forecasting with Standards: Low Mortality Serves as a Guide
Heather Booth ()
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Heather Booth: Australian National University, School of Demography
Chapter Chapter 8 in Developments in Demographic Forecasting, 2020, pp 153-178 from Springer
Abstract:
Abstract Mortality forecasts are an important component of population forecasting and are central to the estimation of longevity risk in actuarial practice. Planning by the state for health and aged care services and by individuals for retirement and later life depends on accurate mortality forecasts. The overall accuracy or performance of mortality forecasting has improved since Lee and Carter (1992) introduced stochastic forecasting of mortality to the demographic community, and further improvements can undoubtedly be made.
Date: 2020
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Persistent link: https://EconPapers.repec.org/RePEc:spr:ssdmcp:978-3-030-42472-5_8
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DOI: 10.1007/978-3-030-42472-5_8
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