Construct · 1 fields · 1 citations

Gompertz-Makeham law: a standalone construct

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Gompertz-Makehamlaw1 CONSTRUCTGompertz-Makeham lawMAKEHAM · ACTUARIAL SCIENCE

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Actuarial science

a mortality law that adds an age-independent constant hazard to Gompertz's exponentially rising force of mortality.

In actuarial science, Gompertz-Makeham law refers to a mortality law that adds an age-independent constant hazard to Gompertz's exponentially rising force of mortality. This meaning comes from Makeham (1860) in The Assurance Magazine and Journal of the Institute of Actuaries.[1]

Unit
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Nearby constructs

constant2 fields · 2 citationsjingle · one word, two constructsforce5 fields · 9 citationsjingle · one word, five constructsmortality4 fields · 5 citationsjingle · one word, four constructs

References

  1. Makeham, W. M. (1860). On the Law of Mortality and the Construction of Annuity Tables. The Assurance Magazine and Journal of the Institute of Actuaries, 8(6), 301-310. https://doi.org/10.1017/s204616580000126x

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