## 抄録

We propose a new approach to mortality prediction under survival energy hypothesis (SEH). We assume that a human is born with initial energy, which changes stochastically in time and the human dies when the energy vanishes. Then, the time of death is represented by the first hitting time of the survival energy (SE) process to zero. This study assumes that SE follows a time-inhomogeneous diffusion process and defines the mortality function, which is the first hitting time distribution function of the SE process. Although SEH is a fictitious construct, we illustrate that this assumption has the potential to yield a good parametric family of cumulative probability of death, and the parametric family yields surprisingly good predictions for future mortality rates.

本文言語 | English |
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ページ（範囲） | 191-219 |

ページ数 | 29 |

ジャーナル | ASTIN Bulletin |

巻 | 51 |

号 | 1 |

DOI | |

出版ステータス | Published - 2021 1月 |

## ASJC Scopus subject areas

- 会計
- 財務
- 経済学、計量経済学