gompertzMakehamMortality: Calculates a variety of morality parameters given by...

In eaoestergaard/UNPIE: UNPIE Understanding Pensions In Europe

Calculates a variety of morality parameters given by Gompertz-Makeham Law of Mortality

Description

Calculates a variety of morality parameters given by Gompertz-Makeham Law of Mortality

Usage

gompertzMakehamMortality(
  x,
  lambda,
  m,
  b,
  t = 0,
  r = 0,
  sigma = 0,
  inflation = 0,
  B = 0,
  K = 0
)

Arguments

x	Annuitant’s age x in years.
lambda	Gompertz-Makeham accidental death rate, often set to 0.
m	Gompertz-Makeham modal natural death rate.
b	Gompertz-Makeham dispersion of natural death rate.
t	number of additional years
r	Interest rate r (annual compounding)
sigma	Standard deviation of annualized real log returns
inflation	Inflation rate i (annual compounding)
B	Constant continuous real spending at rate
K	Wealth at retirement

Examples

gompertzMakehamMortality(x=65,lambda=0,m=82.3,b=11.4,t=10,r=0.01,sigma=0,inflation=0,B=100,K=1000)

eaoestergaard/UNPIE documentation built on Aug. 23, 2022, 2:28 a.m.