Estimating the impact of COVID-19 on mortality using granular data

IF 2.2 2区 经济学 Q2 ECONOMICS
Frank van Berkum , Bertrand Melenberg , Michel Vellekoop
{"title":"Estimating the impact of COVID-19 on mortality using granular data","authors":"Frank van Berkum ,&nbsp;Bertrand Melenberg ,&nbsp;Michel Vellekoop","doi":"10.1016/j.insmatheco.2025.01.001","DOIUrl":null,"url":null,"abstract":"<div><div>We present an extension of the Li and Lee model to quantify mortality in five European countries during the COVID-19 pandemic. The first two layers specify pre-COVID mortality, with the first one modeling the common trend and the second one the country-specific deviation from the common trend. We calibrate this part of the model using annual data from 1970 to 2019 and then add a third layer to capture the country-specific impact of COVID-19 in 2020 and 2021. The calibration of the added layer is based on data with a higher granularity in time, since we analyze weekly instead of annual data. We also investigate whether estimates improve if we increase the granularity over the ages, utilizing data we obtained for single ages instead of the usual aggregated age groups. We complement our analysis by presenting mortality forecasts based on different possible scenarios for the future course of the pandemic and a backtest in which we compare predictions of Dutch mortality improvements from 2021 to 2022 against their realizations. The results from this backtest can be used to update mortality forecasts as new observations become available.</div></div>","PeriodicalId":54974,"journal":{"name":"Insurance Mathematics & Economics","volume":"121 ","pages":"Pages 144-156"},"PeriodicalIF":2.2000,"publicationDate":"2025-01-09","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Insurance Mathematics & Economics","FirstCategoryId":"96","ListUrlMain":"https://www.sciencedirect.com/science/article/pii/S0167668725000010","RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q2","JCRName":"ECONOMICS","Score":null,"Total":0}
引用次数: 0

Abstract

We present an extension of the Li and Lee model to quantify mortality in five European countries during the COVID-19 pandemic. The first two layers specify pre-COVID mortality, with the first one modeling the common trend and the second one the country-specific deviation from the common trend. We calibrate this part of the model using annual data from 1970 to 2019 and then add a third layer to capture the country-specific impact of COVID-19 in 2020 and 2021. The calibration of the added layer is based on data with a higher granularity in time, since we analyze weekly instead of annual data. We also investigate whether estimates improve if we increase the granularity over the ages, utilizing data we obtained for single ages instead of the usual aggregated age groups. We complement our analysis by presenting mortality forecasts based on different possible scenarios for the future course of the pandemic and a backtest in which we compare predictions of Dutch mortality improvements from 2021 to 2022 against their realizations. The results from this backtest can be used to update mortality forecasts as new observations become available.
利用颗粒数据估计COVID-19对死亡率的影响
我们提出了Li和Lee模型的扩展,以量化COVID-19大流行期间五个欧洲国家的死亡率。前两层指定了covid - 19前的死亡率,第一层模拟了共同趋势,第二层模拟了与共同趋势的具体国家偏差。我们使用1970年至2019年的年度数据对模型的这一部分进行校准,然后添加第三层,以捕捉2020年和2021年COVID-19对具体国家的影响。由于我们分析的是周数据,而不是年数据,所以增加层的校准是基于时间粒度更高的数据。我们还研究了如果我们在年龄上增加粒度,利用我们获得的单个年龄而不是通常的汇总年龄组的数据,是否会改善估计。为了补充我们的分析,我们根据疫情未来发展的不同可能情况提出了死亡率预测,并进行了回测,将荷兰2021年至2022年死亡率的预测与实际情况进行了比较。此回测结果可用于在获得新的观测结果时更新死亡率预测。
本文章由计算机程序翻译,如有差异,请以英文原文为准。
求助全文
约1分钟内获得全文 求助全文
来源期刊
Insurance Mathematics & Economics
Insurance Mathematics & Economics 管理科学-数学跨学科应用
CiteScore
3.40
自引率
15.80%
发文量
90
审稿时长
17.3 weeks
期刊介绍: Insurance: Mathematics and Economics publishes leading research spanning all fields of actuarial science research. It appears six times per year and is the largest journal in actuarial science research around the world. Insurance: Mathematics and Economics is an international academic journal that aims to strengthen the communication between individuals and groups who develop and apply research results in actuarial science. The journal feels a particular obligation to facilitate closer cooperation between those who conduct research in insurance mathematics and quantitative insurance economics, and practicing actuaries who are interested in the implementation of the results. To this purpose, Insurance: Mathematics and Economics publishes high-quality articles of broad international interest, concerned with either the theory of insurance mathematics and quantitative insurance economics or the inventive application of it, including empirical or experimental results. Articles that combine several of these aspects are particularly considered.
×
引用
GB/T 7714-2015
复制
MLA
复制
APA
复制
导出至
BibTeX EndNote RefMan NoteFirst NoteExpress
×
提示
您的信息不完整,为了账户安全,请先补充。
现在去补充
×
提示
您因"违规操作"
具体请查看互助需知
我知道了
×
提示
确定
请完成安全验证×
copy
已复制链接
快去分享给好友吧!
我知道了
右上角分享
点击右上角分享
0
联系我们:info@booksci.cn Book学术提供免费学术资源搜索服务,方便国内外学者检索中英文文献。致力于提供最便捷和优质的服务体验。 Copyright © 2023 布克学术 All rights reserved.
京ICP备2023020795号-1
ghs 京公网安备 11010802042870号
Book学术文献互助
Book学术文献互助群
群 号:604180095
Book学术官方微信