volume 13, issue 3, P375-464 2007
DOI: 10.1017/s1357321700001513
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S. D. Baxter

Abstract: Projections of future mortality typically used for funding pension scheme liabilities assume that future year-on-year decreases in mortality rates will slow rapidly, and that there is very limited potential for further decreases at the oldest ages. This paper considers the consistency of such projections with current trends in life expectancy. Particular focus is paid to whether future mortality should be subject to a minimum level of improvement to reflect general advances in medicine. Care is taken to exclu…

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