Cover IMF Working Papers
A Unified Model of Cohort Mortality for Economic Analysis
Series:
IMF Working Papers
Volume/Issue:
Volume 2021: Issue 037
Language:
English
Publication Date:
12 Feb 2021
DOI:
https://doi.org/10.5089/9781513569499.001
ISBN:
9781513569499
ISSN:
1018-5941
Pages:
67
Keywords:
Mortality; In-utero shocks; Selection; Scarring; WP; health stock; health distribution; investment schedule; log mortality rates; health shock
Legal-disclaimer:
IMF Working Papers describe research in progress by the author(s) and are published to elicit comments and to encourage debate. The views expressed in IMF Working Papers are those of the author(s) and do not necessarily represent the views of the IMF, its Executive Board, or IMF management.
Download PDF (2.9 MB) Download Epub
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.
  • Collapse
  • Expand
Cover IMF Working Papers
IMF Working Papers
ISSN:
1018-5941
Publisher:
International Monetary Fund
Volume 2021: Issue 037