This is the program for the 2010 Joint Statistical Meetings in Vancouver, British Columbia.

Abstract Details

Activity Number: 672
Type: Contributed
Date/Time: Thursday, August 5, 2010 : 10:30 AM to 12:20 PM
Sponsor: Business and Economic Statistics Section
Abstract - #308279
Title: Blending Vital Statistics Inputs for Life-Table Analysis of Nursing Home Duration
Author(s): Gary Simon*+
Companies: New York University
Address: 44 West Fourth Street, New Yrok, NY, 10012,
Keywords: Life Table ; Actuarial ; Survival ; Nursing home ; Long-term care ; Insurance
Abstract:

The usual actuarial life table models the human life from birth to death. This will be expanded to a form in which some, but not all, of the people spend time in a nursing home before death. With data collected from separate sources, and there are problems in piecing those sources together. The sources give survival information (without regard to use of nursing homes), the duration of times in nursing homes, and the proportion of the population in nursing homes at each age. The application will be survival data for women, beginning with age 40, with the nuance that these women may spend time in a nursing home before they die. The problem was motivated by the need to make assessments on the cost of long-term care insurance.


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