Using the Gompertz Distribution to Explore the Impact of Increasing Life Expectancy on the Old-Age Dependency Ratio

Peter Pflaumer ()
Additional contact information
Peter Pflaumer: Technical University of Dortmund, Department of Statistics

A chapter in Mathematical and Statistical Methods for Actuarial Sciences and Finance, 2024, pp 255-260 from Springer

Abstract: Abstract The old-age dependency ratios are indicators of the number of el-derly people who are generally economically inactive compared to the number of people of working age. They significantly affect the financial burden of social public pension schemes, making it essential to analyze the influence of mortality on this ratio. In this paper, the Gompertz model is used to investigate the effect of mortality and fertility on the old-age dependency ratio, with a focus on the impact of changes in life expectancy. Elasticity formulas are derived to analyze this effect, and the results indicate that an increase in life expectancy leads to a considerable rise in the old-age dependency ratio.

Keywords: Actuarial Models; Gompertz Distribution; Social Security; Life Table (search for similar items in EconPapers)
Date: 2024
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

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:spr:sprchp:978-3-031-64273-9_42

Ordering information: This item can be ordered from
http://www.springer.com/9783031642739

DOI: 10.1007/978-3-031-64273-9_42

Access Statistics for this chapter

More chapters in Springer Books from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().