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Lifestatuses1 Fractional Age Assumptions
Lifestatuses1 Fractional Age Assumptions
Fractional ages
Actuarial mathematics
Simple life statuses and related concepts
Edward Furman
Department of Mathematics and Statistics
York University
Edward Furman
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Life table
Definition 1.1 (Life table.)
We shall call the distribution of (u) its life table.
Example 1.1
[x, x + t)
[0, 1)
[1, 2)
[2, 3)
[3, 4)
[4, 5)
...
lx
100, 000
98, 740
98, 648
98, 584
98, 535
...
qx
0.01260
0.00093
0.00065
0.00050
0.00040
...
dx
1, 260
92
64
49
40
...
Lx
98, 973
98, 694
98, 617
98, 560
98, 515
...
Tx
7, 387, 758
7, 288, 785
7, 190, 091
7, 091, 474
6, 992, 914
...
ex
73.88
73.82
72.89
71.93
70.97
...
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l0
X
1{j}
j=1
l0
X
1{j} = l0 x p0 .
lx := E[L(x)] = E
j=1
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Definition 1.4
Let n D(x) := L(x) L(x + n) denote the group of deaths
between ages x and x + n. We then define the expected
number of deaths (out of l0 and between the aforementioned
ages)
n dx
Proposition 1.1
We have that
(x) =
1 d
lx .
lx dx
Proof.
Noticing that x p0 = lx /l0 completes the proof.
Edward Furman
4 / 15
At home.
Check that
lx+n
lx lx+n
Z x+n
(s)ds ,
= lx exp
x
Z x+n
=
ls (s)ds.
x
Proposition 1.2
We have that the local extrema points of lx (x) correspond to
the points of inflection of lx .
Proof.
d
d 1 d
d2
lx (x) = lx
lx = 2 lx ,
dx
dx lx dx
dx
which completes the proof.
Edward Furman
5 / 15
Figure: Plot of lx
Edward Furman
6 / 15
Figure: Plot of lx (x )
Edward Furman
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Figure: Plot of (x )
Edward Furman
8 / 15
Harmonic interpolation,
1/S(x + t) = (1 t)/S(x ) + t/S(x + 1).
Edward Furman
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Edward Furman
10 / 15
The UDD
Linear approximation applied.
We find the value of lx+s , x = 0, 1, 2 . . . and s (0, 1) from the
following equations:
x +sx
lx lx+s
=
= s,
lx lx+1
x +1x
which yields
lx+s = lx slx + slx+1 .
Finally, we find that:
lx+s = (1 s)lx + slx+1 .
Edward Furman
11 / 15
UDD
UDD
= 1 sqx s qx = sqx .
d
UDD
s qx = qx , for 0 < s < 1.
ds
Edward Furman
12 / 15
fT (x) (s)
f (x)
f (x)
and, similarly, (x + s) =
.
=
S(x)
x p0
s px
(x + s) =
qx
,
1 s qx
which increases in s.
Edward Furman
13 / 15
=t px st px+t
st px+t
s px
t px
Hence,
st qx+t
= 1 st px+t = 1
s px
t px
=1
1 s qx
,
1 t qx
UDD
= 1
1 s qx
(s t)qx
=
, for 0 < t < s < 1.
1 t qx
1 t qx
Edward Furman
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Edward Furman
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