A Unified Model of Cohort Mortality for Economic Analysis

International Monetary Fund
Authors registered in the RePEc Author Service: Flavien Moreau

No 2021/037, IMF Working Papers from International Monetary Fund

Abstract: We propose a dynamic production function of population health and mortality from birth onwards. Our parsimonious model provides an excellent fit for the mortality and survival curves for both primate and human populations since 1816. The model sheds light on the dynamics behind many phenomena documented in the literature, including (i) the existence and evolution of mortality gradients across socio-economic statuses, (ii) non-monotonic dynamic effects of in-utero shocks, (iii) persistent or “scarring” effects of wars and (iv) mortality displacement after large temporary shocks such as extreme weather.

Keywords: Mortality; In-utero shocks; Selection; Scarring; WP; health stock; health distribution; investment schedule; log mortality rates; health shock (search for similar items in EconPapers)
Pages: 67
Date: 2021-02-12
New Economics Papers: this item is included in nep-age, nep-cwa, nep-dem, nep-evo and nep-hea
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Citations: View citations in EconPapers (1)

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Related works:
Working Paper: A Unified Model of Cohort Mortality for Economic Analysis (2020)
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