Description: One component of this project is to model the impact of population structure on returns across asset classes. Previous research suggests that an overlapping generations (OLG) model is an appropriate modeling approach. This literature review has been prepared to provide background information regarding OLG models and the diversity and complexity that may be introduced into such models. This review has been prepared to provide a fuller discussion of some of the characteristics that may be especially relevant in our decision-making regarding the model we will build.

Description: Mortality Improvement Scale MP-2016 is an update to Mortality Improvement Scale MP-2015 that includes three additional years of historical U.S. population mortality data and modification of two input values designed to improve the model’s year-over-year financial stability. The page includes the updated Scale MP-2016, the accompanying Scale MP-2016 document, and an updated RPEC_2014_v2016 Model Implementation Tool for actuaries to create their own mortality improvement scales using RPEC’s model and the updated data set.

Description: Mortality Improvement Scale MP-2016 is an update to Mortality Improvement Scale MP-2015 that includes three additional years of historical U.S. population mortality data and modification of two input values designed to improve the model’s year-over-year financial stability. The page includes the updated Scale MP-2016, the accompanying Scale MP-2016 document, and an updated RPEC_2014_v2016 Model Implementation Tool for actuaries to create their own mortality improvement scales using RPEC’s model and the updated data set.

Description: U.S. population mortality rates by gender and single year of age for calendar years 2000-2014. To develop these rates, the SOA relied upon data furnished by the Centers for disease Control and Prevention, Centers for Medicare and Medicaid Services, and the Social Security Administration.