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Posts feedMortality and pension size
It will surprise nobody reading this blog that richer people tend to live longer. This applies both between countries (countries with a higher per capita income tend to have higher life expectancies) and also within countries (people of higher socio-economic status tend to live longer than others, even when they all share the same comprehensive healthcare system).
Turning the tables
Traditional actuarial mortality analysis was done by expressing a portfolio's mortality experience relative to a reference mortality table (a so-called A/E analysis). In modern actuarial work the A/E analysis is supplemented (or even replaced) with a multi-factor statistical model; besides age and gender, common risk factors include pension size, geodemographic profile and early-retirement status.