Description: In this paper, the authors show how probabilities and actuarial values may be calculated using a time-homogeneous Markov model. Piecewise constant transition intensities are suggested as a way to extend the approach to the inhomogeneous case. From Actuarial Research Clearing House 1993, VOL. 1.

Description: This report contains estimates of incidence and continuance rates from the general population using data available from the National Long–Term Care Surveys. This report was done by a subcommittee of the Society's Long–Term Care Experience Committee and reflects work done primarily at the Duke University Center for Demographic Studies. This is a ZIP file containing main report, all appendices, tables, and figures from the study and model.