The University of Adelaide CENTRE FOR AUTOMOTIVE SAFETY RESEARCH

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TitleAverage and standard deviation of remaining lifetime
AuthorsHutchinson TP
Year2017
TypeJournal Article
AbstractAt older ages, the average and the standard deviation of remaining lifetime (ARL and SRL) are both less than at younger ages. Thus ARL and SRL change together. A linear relationship of slope 1 between the reciprocals of ARL and SRL has previously been found. The present paper reports similar relationships when considering different countries, years, and sexes. It is suggested that age and sex of person, their country, and the year all act via the same unobserved variable, that might be called effective age.
PublisherInstitute of Actuaries of Australia
Publisher CitySydney
ISSN2203-2290
Journal TitleAustralian Journal of Actuarial Practice
Journal Volume (Issue)5
Page Range93-96

Reference
Hutchinson TP (2017) 'Average and standard deviation of remaining lifetime', Australian Journal of Actuarial Practice, 5, pp 93-96.