Modeling old-age mortality risk for the populations of Australia and New Zealand: An extreme value approach

@article{Li2011ModelingOM,
  title={Modeling old-age mortality risk for the populations of Australia and New Zealand: An extreme value approach},
  author={J. S. H. Li and A. C. Y. Ng and W. S. Chan},
  journal={Mathematics and Computers in Simulation},
  year={2011},
  volume={81},
  pages={1325-1333}
}
Old-age mortality for populations of developed countries has been improving rapidly since the 1950s. This phenomenon, which is often referred to as ‘rectangularization’ of mortality, implies an increased survival at advanced ages. At the time of the 2006 Census, there were 3,154 centenarians in Australia. This number is expected to increase to 17,408 by 2028, according to the Australian Bureau of Statistics. With this increase comes different challenges to actuaries, economists and policy… CONTINUE READING

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