Hostname: page-component-78c5997874-94fs2 Total loading time: 0 Render date: 2024-11-06T01:18:25.862Z Has data issue: false hasContentIssue false

A short note on the construction of life tables and multiple decrement tables

Published online by Cambridge University Press:  20 April 2012

Extract

The purpose of this short note is to explain a simple method of constructing a life table, given an explicit function for the force of mortality, μx, for all x. A similar method can be applied to the construction of multiple decrement tables, given explicit functions for the separate forces of transition, μbx, μcx, etc, from one ‘active’ status (a) to various ‘dead’ statuses (b, c, etc) for all x.

Although numerical results for the examples discussed in this note could be calculated equally well by more direct methods than the ones described herein, results for more complicated examples involving multiple status tables, in which transition back and forth between statuses is possible, cannot in general be calculated by such direct methods, and our methods provide a practical way by means of which numerical results for these more complicated cases can be calculated.

Type
Research Article
Copyright
Copyright © Institute and Faculty of Actuaries 1987

Access options

Get access to the full version of this content by using one of the access options below. (Log in options will check for institutional or personal access. Content may require purchase if you do not have access.)

References

REFERENCES

Conte, S. D. & De Boor, C. (1980). Elementary Numerical Analysis: An Algorithmic Approach. McGraw-Hill, New York.Google Scholar
Cox, D. R. & Miller, H. D. (1965). The Theory of Stochastic Processes. Methuen & Co, London.Google Scholar
Institute of Actuaries Working Party on AIDS. (1987). Bulletin No 1.Google Scholar
Neill, A. (1977). Life Contingencies. Heinemann, London.Google Scholar
Waters, H. R. (1984). An Approach to the Study of Multiple State Models. J.I.A. 111, 363.Google Scholar
Wilkie, A. D. (1987). Preliminary Memorandum on AIDS, July 1987. R. Watson & Sons, Reigate.Google Scholar
Wilkie, A. D. (forthcoming). Markov Models for Combined Marriage and Mortality Tables. Transactions of the 23rd International Congress of Actuaries, Helsinki, 1988.Google Scholar