A New Model of Ageing and Mortality
Eugene M. G. Milne
British Actuarial Journal, 2009, vol. 15, issue S1, 213-234
Abstract:
The Nested Binomial Model presented in this paper is a new approach to modelling mortality and survival in humans and other species that seeks to reconcile individual life course risk trajectories and those population mortality patterns that arise from inter-individual heterogeneity. In describing individual trajectories it partitions mortality risk into two main elements: ‘redundancy’ and ‘interactive risk'. Interactive risk is volatile, increasing or decreasing with time and circumstance, while redundancy is a quantity which declines in a linear and largely invariable fashion throughout life. Although a biological correlate for redundancy is not identified, this assumption allows strikingly realistic modelling of mortality and survival curves, late-life mortality deceleration, Strehler-Mildvan correlation, mortality plateaux and slowing of mortality. Simple assumptions with regard to heterogeneity of parameters within the model allow close approximation to the entire human mortality curve, and provide a rationale for observed and otherwise paradoxical population mortality phenomena. As such, it fulfils biodemographic criteria for a comprehensive theory of ageing. Future challenges are to reconcile its theoretical structure with empirical findings in the biology of ageing and to render it in a form that can become a usable actuarial tool.
Date: 2009
References: Add references at CitEc
Citations: View citations in EconPapers (1)
Downloads: (external link)
https://www.cambridge.org/core/product/identifier/ ... type/journal_article link to article abstract page (text/html)
Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
HTML/Text
Persistent link: https://EconPapers.repec.org/RePEc:cup:bracjl:v:15:y:2009:i:s1:p:213-234_00
Access Statistics for this article
More articles in British Actuarial Journal from Cambridge University Press Cambridge University Press, UPH, Shaftesbury Road, Cambridge CB2 8BS UK.
Bibliographic data for series maintained by Kirk Stebbing ().