Predicting quantity and quality of life with the Future Elderly Model.
Predicting quantity and quality of life with the Future Elderly Model.
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DOI:
10.1002/hec.4169
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发表时间:
2021-11
期刊:
影响因子:
2.1
通讯作者:
Lakdawalla DN
中科院分区:
文献类型:
--
作者:
Ermini Leaf D;Tysinger B;Goldman DP;Lakdawalla DN
The Future Elderly Model (FEM) is a microsimulation model designed to forecast health status, longevity, and a variety of economic outcomes. Compared to traditional actuarial models, microsimulation models provide greater opportunities for policy forecasting and richer detail, but they typically build upon smaller samples of data that may mitigate forecasting accuracy. We perform validation analyses of the FEM’s mortality and quality of life forecasts using a version of the FEM estimated exclusively on early waves of data from the Health and Retirement Study. First, we compare FEM mortality and longevity projections to the actual mortality and longevity experience observed over the same period of time. We also compare the FEM results to actuarial forecasts of mortality and longevity during the same time. We find that FEM projections are generally in line with observed mortality rates and closely match longevity. Then, we assess the FEM’s performance at predicting quality of life and longitudinal outcomes, two features missing from traditional actuarial models. Our analysis suggests the FEM performs at least as well as actuarial forecasts of mortality, while providing policy simulation features that are not available in actuarial models.
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影响因子:
1.5
作者:
MACKINNON, JG;MAGEE, L
通讯作者:
MAGEE, L
影响因子:
3.5
作者:
Garber, AM;Phelps, CE
通讯作者:
Phelps, CE
影响因子:
3.7
作者:
Agus DB;Gaudette É;Goldman DP;Messali A
通讯作者:
Messali A
DOI:
10.1377/hlthaff.2013.0052
发表时间:
2013-10
期刊:
Health affairs (Project Hope)
影响因子:
--
作者:
Goldman DP;Cutler D;Rowe JW;Michaud PC;Sullivan J;Peneva D;Olshansky SJ
通讯作者:
Olshansky SJ
影响因子:
9.7
作者:
Lakdawalla, Darius N.;Goldman, Dana P.;Gutierrez, Italo
通讯作者:
Gutierrez, Italo