A Unified Model of Cohort Mortality for Economic Analysis
February 12, 2021
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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
Pages:
67
Volume:
2021
DOI:
Issue:
037
Series:
Working Paper No. 2021/037
Stock No:
WPIEA2021037
ISBN:
9781513569499
ISSN:
1018-5941
