A multiple state model projection on the needs of a proposed long term care insurance in the Philippines

Date of Publication

2009

Document Type

Bachelor's Thesis

Degree Name

Bachelor of Science in Statistics Major in Actuarial Science

Subject Categories

Statistics and Probability

College

College of Science

Department/Unit

Mathematics and Statistics

Thesis Adviser

Regina M. Tresvalles

Defense Panel Chair

Frumencio F. Co

Defense Panel Member

Arturo Pacificador, Jr.
Michele G. Tan

Abstract/Summary

The elderly population of the Philippines is expected to increase in future years, which according to Ogena [18], will behave in a low and slow manner. The researchers suggest Long-Term Care Insurance of developed countries as a solution to one of the problems this event might cause: financial assistance for the elderly. The researchers applied the projection methodology used by Leung [15] and Rickayzen and Walsh [26] to the data 1996 Philippine Elderly Survey data under the assumption of the Multiple State Model. This allowed for the initial data to be projected forward in time with application of the transition rates. Results show that instead of a constant increase in all projections, there are some decreases in number.

Abstract Format

html

Language

English

Format

Print

Accession Number

TU15074

Shelf Location

Archives, The Learning Commons, 12F, Henry Sy Sr. Hall

Physical Description

104 leaves, illustrations (some color), 28 cm.

Keywords

Older people--Long-term care--Philippines; Long-term care insurance--Philippines

Embargo Period

4-4-2021

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