A Unified Model of Cohort Mortality for Economic Analysis

A Unified Model of Cohort Mortality for Economic Analysis
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Volume/Issue: Volume 2021 Issue 037
Publication date: February 2021
ISBN: 9781513569499
$18.00
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Topics covered in this book

This title contains information about the following subjects. Click on a subject if you would like to see other titles with the same subjects.

Environmental Economics , Demography , Mortality , In-utero shocks , Selection , Scarring , WP , health stock , health distribution , investment schedule , log mortality rates , health shock

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.