IMF Working Papers

A Unified Model of Cohort Mortality for Economic Analysis

By Flavien Moreau, Adriana Lleras-Muney

February 12, 2021

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Flavien Moreau, and Adriana Lleras-Muney. A Unified Model of Cohort Mortality for Economic Analysis, (USA: International Monetary Fund, 2021) accessed December 7, 2024

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Summary

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.

Subject: Aging, Environment, Health, Population and demographics, Women

Keywords: Health distribution, Health shock, Health stock, In-utero shocks, Investment schedule, Log mortality rates, Mortality, Scarring, Selection, WP

Publication Details

  • Pages:

    67

  • Volume:

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  • DOI:

    ---

  • Issue:

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  • Series:

    Working Paper No. 2021/037

  • Stock No:

    WPIEA2021037

  • ISBN:

    9781513569499

  • ISSN:

    1018-5941