Mortality Laws Usage in Forecasting Life Expectancy – A Macroeconomic Concern

Abstract

The increasing number of survivors at advanced ages represents a real economic challenge, with high impact over the pension system and over the principal macroeconomic indicators, even if there are studies which emphasise the positive impact of an increasing life expectancy over economic development. In this case, an accurate estimation is essential in improving predictions, considering that a continuous aging of the population is expected in the coming decades. In this sense, parameterized mortality models are useful tools in demographic and actuarial projections. Therefore, this study aims to present a forecast for life expectancy, after estimating mortality rates and determining mortality table.

Keywords

• mortality laws
• mortality rates
• mortality table
• life expectancy