Life Tables for the United States Social Security Area ...

Life Tables

for the United States

Social Security Area

1900-2100

Actuarial Study No. 120

by Felicitie C. Bell

Michael L. Miller

Social Security Administration

Office of the Chief Actuary

August 2005

SSA Pub. No. 11-11536

.

Foreword

Actuarial Study No. 120 displays life tables based on historical and projected mortality in the area

covered by the United States Social Security program. This projected mortality was used in estimating

the future costs for the Old-Age, Survivors, and Disability Insurance (OASDI) program included in the

2005 Report of the OASDI Board of Trustees to Congress. A web address for this and other Actuarial

Studies is OACT/NOTES/actstud.html.

The historical calendar year life tables in this study differ from those published by the National Center for

Health Statistics (NCHS). NCHS prepares U.S. Decennial Life Tables based on the decennial census of

population and deaths for a three year period containing the census year. The series of tables begin with

tables for the period 1900-1902. The most recent set of tables is for the period 1989-1991 and is located at

the following internet site: nchs/products/pubs/pubd/lftbls/lftbls.htm. In addition, NCHS

prepares annual tables that can be found at the following internet site: nchs/fastats/lifeexpc.htm. The tables in this study are better suited to analyze time trends because, unlike the life tables

produced by NCHS, they have all be constructed using the same method.

In addition, the U.S. Census Bureau projects calendar year life tables which differ from those in this

study. A major reason for this difference is due to the different future mortality decline assumptions.

Alice H. Wade

Deputy Chief Actuary

August 1, 2005

.

Table of Contents

I.

Introduction . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1

II. Basic Concepts . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1

III. Construction of Central Death Rates. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2

A. Data Sources . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2

B. Adjustments in Population . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3

IV. Methods . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

A. Definitions of Life Table Functions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

B. Death Rates at Ages 0 ¨C 4 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

C. Death Rates at Ages 5 ¨C 94 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

D. Death Rates at Ages 95 and Older. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

E. Historical Trends and Projections . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

3

3

4

5

6

6

V. Results. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9

v

 ................
................

In order to avoid copyright disputes, this page is only a partial summary.

Google Online Preview   Download