A multi-developing-country comparison of the lee-carter model for mortality and life expectancy projections

Abstract

This study evaluate the Lee-Carter model for projecting age and gender specific mortality rates and life expectancy at births Thailand and Singapore. Although the Lee many developed countries, little information is obtained on the suitability of the model for developing countries. We fit age and gender specific mo country from 1960 to 1989 into the model and forecast over the evaluation period from 1990 to 2015. The forecast values are then compared with actual rates over the same period to estimate the out-sample forecast errors. Th that the Lee-Carter model works better in Malaysia, Indonesia and Thailand, than in Singapore. In terms of life expectancy at births, the Lee accurate for females than that of males.

Reverse Mortgages Payment Based on Type of House in Kuala Lumpur: Comparing HECM and MPRM

“…Approaches such as Value-At-Risk (VaR) and Monte Carlo Simulations done in Siti et al [17] should be conducted to determine the performance of various industry, in this case is reverse mortgage. Apart from that, to ideally include gender and age factors in the new principal limit factor, Syazreen, Akmal and Nordin [14] recommends the Lee Carter model to forecast mortality more accurately.…”