Methodology for the calculation of health expectancies
|
|
- Miranda McLaughlin
- 6 years ago
- Views:
Transcription
1 Methoology for the calculation of health epectancies 31
2 Metoología para el cálculo e esperanzas e salu 32
3 Methoology for the calculation of health epectancies n theory, the probabilities by age come from the entrance an eit incience rates of each state, in the same way as the calculation of life epectancy probabilities are obtaine from the registere number of eaths. Therefore, probabilities are calculate from the movement observe in a efine perio an provie information on the number of transitions insie an outsie each state. n practice, the construction of this table is inviable as the transition ata between health states is not collecte systematically but rather specific surveys are available (health, isability) which are more or less perioic an which reflect a stock, not a movement. Therefore, the incience of the perio, necessary for calculations has to be estimate base on the available information. 1. Methos of calculation There are three types of metho to carry out this estimate: life table methos base on observe prevalence, life table methos with multiple ecreases, life table methos with ecreases-increases. LFE TABLE METHO BASE ON OBSERVE PREVALENCE. SULLVAN METHO. With respect to health, Saners propose a combine moel of mortality an morbiity in the same life table (Saners, 1964). The ieas was carrie out finally by Sullivan, who built a life table base on the observe prevalence an calculate the first life epectancy free of isability. The Sullivan metho (1971) is toay the one use most often to obtain temporary series an international comparisons on health issues. Construction of the life table The elaboration process of the life table base on observe prevalence is simple. t consists of moifying in the classical life table the function L (the number of years live in the age interval), multiplying it by 1 - the specific prevalence rate by age (t). Now you have (1-t) L which is the number of years live without isability in the age interval. To apply this metho, ata is use from the classical mortality tables an the ata relative to the state j observe in a specific population survey. The specific rates by age t referring to the state of health, isability, etc. are stock ata, in other wors, observe prevalence. Avantages an isavantages of the metho. The main isavantage of the Sullivan metho is the non-observation of transitions between states, but also that they are estimate from observe prevalence. t has been emonstrate that the metho prouce goo estimates when the transition uner stuy is stable over time. With respect to health states, such as isability, changes are sufficiently graual to ensure that observe prevalence is a goo estimator of the changes in a stuie perio. However, the ata must be interprete with caution, especially in estimating, for eample the number of years live with isability, given that we are ealing with a situation of short uration in a state of relatively low incience an therefore the imprecisions of the moel may have greater impact. Up to now the Sullivan metho has been use to calculate health epectancy an other health inicators in at least 49 countries. LFE TABLE METHO WTH MULTPLE ECREASES This moel was evelope initially by actuaries an insurance companies to calculate pensions an inemnities base on average life epectancy before reaching the state of "insurance beneficiary", in other wors, isable, wiow, etc. The moel of multiple ecreases oes not consier eath as the final state on its own but that other life states that may be taken as efinitive are also taken into account. n other 33
4 Methoology for the calculation of health epectancies wors, events that constitute an eit from the life table. n this sense eath an isability are consiere absorbent states. Using a continuous stuy that collects ata in various waves, the number of transitions from the initial state to the absorbent state can be evaluate an in this way the specific survival probabilities in the initial state can be estimate. Applying these probabilities to a hypothetical cohort, the life table relate to these absorbent events can be obtaine. This metho supplies an inicator of the perio that correctly reflects the current health conitions of the population. However, the information that the metho requires is impossible to achieve on a large scale, since it is necessary to carry out population surveys more than once on the same sample. Therefore, its use to calculate internationally comparable health epectancy is inviable. On the other han, the assumption that the isability or health state consiere is absorbent, without possible recovery is not appropriate for health stuies since there eist recoverable isabilities an transitory states of health. inicator will be useful for obtaining the health of the population an for making comparisons between countries, within a country over time or within population subgroups espite the ifferences that may eist in the composition by age. Comparability is even greater if calculations are mae separately for men an women. As this metho has general use, various points shoul be borne in min in orer to facilitate comparison. The same efinitions of state of health must be use The general esign of surveys from which prevalence is obtaine is require to be the same as the estimates of prevalence of states of illness an health are very sensitive to the metho of collection: personal interview, telephone, mail Heath epectancies shoul be calculate on the total population, incluing resients in group establishments, as omission leas to significant bias in elerly populations. t is essential to specify the last age group, the open group, that iffers between surveys an may also affect the comparability of the results. LFE TABLE METHO WTH ECREASES- NCREASES n the 1970s other authors starte to eplore moels capable of maintaining not only eit transitions from the initial state, but also the return to that state. The iea that these moels evelope was to stuy the effect of a specific health program on the population group that the program was irecte at. A life table of increases-ecreases base on a Markov chain has been evelope. 2. Health epectancy with the Sullivan metho. The main reason for calculating a health epectancy is to combine information on mortality an morbiity in one inicator. This Calculation of Life Epectancy Free of isability (LEF) with the Sullivan metho As was commente at the beginning the metho consists of moifying the life table multiplying by 1 - the specific prevalence rate by age (t), by L, the number of years live in the age group. For each age group the life table provies the columns that are require for the calculation of the LEF: l Survivors at age L Number of years live in the age group, +n an the Survey on isabilities, mpairments an State of Health 1999 supplies isability rates by age, t. 34
5 Methoology for the calculation of health epectancies This way, life epectancy an the LEF are obtaine from these functions: n ( L ) l n n ((1 t ) L ) The calculation of LEF is illustrate with a numerical eample. Life Epectancy Free of isability by age calculate with the Sullivan metho. National total, men. L Number of years live in the age group, +n l Survivors at age T Future life years from age L isability rate in the age group, +n (1- t ) L Number of years live without isability in the age group, +n T Future life years without isability from age e Life epectancy at age LEF Life Epectancy Free of isability at age l n There is a singularity in the first age group in the table, 0 to 5 years. This is ue to the isability stuy that has been carrie out in ifferent questionnaires an efinitions for the population of 0 to 5 years an those over 6 years ol. Therefore this age istribution was use when obtaining these rates. Health epectancy provie are calculate inepenently for men an women. The rates use in the calculation of life epectancy for this stuy, obtaine from the information provie by the isabilities survey, are the following: LEFC. Life Epectancy Free of Chronic isease: rate of people with at least one chronic isease. This rate has been obtaine from the survey health moule. LEPH. Life Epectancy in Goo Perceive Health: the state of perceive health has been aske for following WHO recommenations by means of the question'what is your general state of health in your opinion?' with 5 possible answers: very goo, goo, average, ba, an very ba. The rate of people who have an average, ba or very ba state of health has been use, this also following international recommenations. This rate has been obtaine from the survey health moule. 35
6 Methoology for the calculation of health epectancies LEF. Life Epectancy Free of isability: rate of general isability (rate of limitations in the case of chilren 0 to 5 years ol). Life Epectancy Free of Severe isability: rate of persons with some severe or total isability limitation (categories 3 with serious severity an 4 cannot carry out the severity activity variable. Life epectancy free of isabilities that nee assistance: rate of persons who receive some assistance or who o not receive assistance but who nee it Life Epectancy Free of isabilities for Activities of aily Living: rate of persons with some isability in ALs: carrying out changes in boy position; getting up, going to be, moving within the househol, walking without transport, going to the toilet, controlling nees, ressing, eating an rinking, taking care of shopping, meals, cleaning an ironing of clothes an maintenance of the house an well being of members of the family. Chilren from 0 to 5 have not been inclue in the calculation of this inicator. Life Epectancy Free of isabilities of Mobility: Persons 25 years ol an over: rate of persons with a group 5 isability. Getting aroun (5.1. Changes an maintenance of various boy positions, 5.2. Getting up, going to be, remaining staning or seate an 5.3. moving aroun within the house) an Moving aroun outsie the house (7.1. Walking without transport, 7.2. Moving aroun in public transport an 7.3. riving own vehicle). Chilren 0 to 5: rate of chilren with limitation 1. Significant elays to remain seate, staning or starting to walk or ifficulties walking or weakness or rigiity in the legs. Life Epectancy Free of isability in Taking Care of Oneself: rate of people with a group 8 isability. Taking care of oneself (8.1 Go to the toilet alone: wash an take care of appearance, 8.2 Control of nees an use the toilet alone, 8.3 ress, unress, ress up an eat an rink). Chilren 9 to 5 have not been inclue in the calculation. Life Epectancy Free of isabilities to carry out omestic Tasks: rate of people with a group 9 isability. Carrying out househol tasks. (9.1 Taking care of shopping an control of supplies an services, 9.2. Taking care of meals, 9.3. Taking care of cleaning an ironing of clothes, 9.4. Taking care of cleaning an maintenance of the house an 9.5. Taking care of the well being of other members of the family). Chilren 0 to 5 have not been inclue in the calculation of this inicator since group 9 isabilities are only consiere from the age of 10. Life Epectancy Free of isability for Seeing: Persons 25 years ol an over: rate of persons with a group 1 isability. Seeing (1.1. isability for receiving images, 1.2. isability for visual tasks as a whole an 1.3. isability for etaile visual tasks). Chilren 0 to 5: rate of chilren with limitation 2. Significant ifficulties seeing, or 3. Total blinness. Life Epectancy Free of isabilities Hearing: Persons 25 years ol an over: rate of persons with a group 2 isability. Hearing (2.1. isability to receive any soun, 2.2. isability to hear strong souns an 2.3. isability for listening to speech). Chilren 0 to 5: rate of chilren with limitation 4. Significant ifficulties hearing, or 5. Total eafness. Life Epectancy Free of Osteoarticular eficiencies: rate of persons with a group 5 impairment. Osteoarticular impairments (5.1. Hea, 5.2. Vertebral column, 5.3. Superior etremities an 5.4 nferior etremities). The information that is offere on health epectancy calculation methos as well as the methoology use to obtain them have been etracte from «Selection of a Coherent Set of Health nicators». Final raft. A First Step Towars A User's Guie to Health Epectancies for the European Union', J-M Robine, C. Jagger an V. Egii. Montpellier (France), Euro-REVES, June
7 Methoology for the calculation of health epectancies The inicators that are presente in the first five sections provie information on the group of people with isability an on people without isability. The ratio between the inicators of both population groups is also offere, resulting in a more specific iea on the relation eisting between them. The inicators from point si make a reference to the househols in which isable people live an those where they o not live. The formulas use for the calculation of each one of the inicators are etaile below. 1. Percentage of people marrie or living with a partner C C 1 is the number of isable people who are marrie or cohabit with their partner is the total number of isable persons t is similarly efine: 2. Percentage of people who live alone S S 2 is the number of isable persons who live alone is the total number of isable persons t is similarly efine: N NS 2 N 2, RATO 2 N 2 accoring to age group (20-39, 40-59, 60-79, 80 an + an total) an se (male, female an both sees). N NC 1 N an the ratio between the inicator for the 1, RATO 1 N 1 accoring to age group (20-39, 40-59, 60-79, 80 an + an total) an se (male, female an both sees). 3. Stanarise literacy an illiteracy percentages 3.1. Stanarise illiterates percentage by physical an psychological reasons AnF, 3,1 w AnF, group (10-17, 18-24, 25-34, 35-44, 45-54, 55-64, 65-74, 75 an +) who are illiterate for physical or psychological reasons. 37
8 Methoology for the calculation of health epectancies w group is the weight of age group in the Spanish general population 10 years an over t is similarly efine: n N AnF, 3,1 w n 3,1, RATO 3,1 N 3,1 accoring to age group (10-44, 45-64, 65-79, 80 an + an total) an se (male, female an both sees) Stanarise percentage of illiterates by other reasons AnO, 3,2 w AnO, is the number of isable people in age group (10-17, 18-24, 25-34, 35-44, 45-54, 55-64, 65-74, 75 an +) who are illiterate for other reasons. w group is the weight of age group in the Spanish general population 10 years an over t is similarly efine: n N AnO, 3,2 w n 3,2, RATO 3,2 N 3,2 accoring to age group (10-44, 45-64, 65-79, 80 an + an total) an se (male, female an both sees) Stanarise literacy percentage Alf, 3,3 w Alf, group (10-17, 18-24, 25-34, 35-44, 45-54, 55-64, 65-74, 75 an +) who know how to rea an write w group is the weight of age group in the Spanish general population 10 years an over t is similarly efine: n N Alf, 3,3 w n 3,3, RATO 3,3 N 3,3 accoring to age group (10-44, 45-64, 65-79, 80 an + an total) an se (male, female an both sees). 38
9 Methoology for the calculation of health epectancies 4. Stanarise percentage of people with seconary or higher stuies For the calculation the following levels have been consiere as seconary or higher stuies: secon year general seconary eucation, higher professional eucation an university stuies or equivalent. Sec, 4 w Sec, group (18-24, 25-34, 35-44, 45-54, 55-64, 65-74, 75-74, 75 an +) who have finishe seconary or higher stuies. w group is the weight of age group in the Spanish general population 18 years an over t is similarly efine: n N Sec, 4 w n 4, RATO 4 N 4 accoring to age group (18-44, 45-64, 65-79, 80 an + an total) an se (male, female an both sees). 5. Stanar employment an unemployment rates of the population from 16 to 64 years ol 5.1. Stanarise employment rate E, w E, 5,1 w is the number of people with isability in age group (16-24, 25-34, 35-44, 45-54, 55-64) who have a job (working or with job but temporarily absent) group is the weight of age group in the Spanish general population 16 to 64 years ol t is similarly efine: n N E, 5,1 w n 5,1, RATO 5,1 N 5,1 accoring to age group (16-24, 25-44, 45-64, 80 an + an total) an se (male, female an both sees) Stanarise unemployment rate. P, P, 5,2 wa, A, is the number of people with isability in age group (16-24, 25-34, 35-44, 45-39
10 Methoology for the calculation of health epectancies A, w 54, 55-64) who are unemploye (unemploye who are looking for their first job or unemploye who have worke before). is the number of people with isability in age group who are active (with job or unemploye) is the weight of age group in the active Spanish general population (with job or unemploye) 16 to 64 years ol t is similarly efine: n N P, 5,2 wa, n A, 5,2, RATO 5,2 N 5,2 accoring to age group (16-24, 25-44, 45-64, 80 an + an total) an se (male, female an both sees). NSn is the number of househols with number of isable persons equal to n. is the total number of househols accoring to the size of the househol (1, 2, 3, 4, 5, 6 or more members an Total) istribution of househols accoring to the size of the househol 6 inicators are obtaine, one for each of the variables Siz, which is the size of the househol an takes the values 1, 2, 3, 4, 5 an 6 or more members: Siz1, Siz2,, Siz6+. Sizt Siz t Siz t is the number of househols with size equal to t. is the total number of househols accoring to the size of the househol (1, 2, 3, 4, 5, 6 or more members an Total). 6. istribution of househols 6.1. istribution of househols accoring to number of isable persons who live in them 4 inicators are obtaine, one for each variable value NS0, which is the number of isable people who live in the househol an takes values 2, 3, 0 an 1 or more: NS0, NS1, NS2, NS3+. NS n NS n 6.3. istribution of househols with people 65 an over accoring to number of isable people 65 an over who live in them 4 inicators are obtaine, one for each variable value NS65, which is the number of isable people 65 an over who live in the househol an takes values 0, 1, 2 an 3 or more: H65 NS0, H65 NS1, H65 NS2, H65 NS3+. H H NS 65 n NS 65 n H 65 H65 NS65n is the number of househols with persons 65 an over where there live a number of isable people 65 an over equal ton. 40
11 Methoology for the calculation of health epectancies H65 is the total number of househols with persons 65 an over accoring to the size of the househol (1, 2, 3, 4, 5, 6 or more members an Total) istribution of househols with people 65 an over accoring to size of househol 6 inicators are obtaine, one for each of the variables Siz, which is the size of the househol an takes the values 1, 2, 3, 4, 5 an 6 or more members: H65 Siz1, H65 Siz2,., H65 Siz6+. H65 H65 Siz t Siz t H65 H65 Sizt is the number of househols with persons 65 an over with size equal to t. H65 is the total number of househols with people 65 an over accoring to the number of isable persons 65 an over who are in the househol (0, 1, 2, 3 or more isable an Total). 41
OPEN BUDGET QUESTIONNAIRE RWANDA
International Buget Partnership OPEN BUDGET QUESTIONNAIRE RWANDA September, 28 2007 International Buget Partnership Center on Buget an Policy Priorities 820 First Street, NE Suite 510 Washington, DC 20002
More informationOPEN BUDGET QUESTIONNAIRE CAMEROON
International Buget Project OPEN BUDGET QUESTIONNAIRE CAMEROON October 2005 International Buget Project Center on Buget an Policy Priorities 820 First Street, NE Suite 510 Washington, DC 20002 www.internationalbuget.org
More informationREAL OPTION MODELING FOR VALUING WORKER FLEXIBILITY
REAL OPTION MODELING FOR VALUING WORKER FLEXIBILITY Harriet Black Nembhar Davi A. Nembhar Ayse P. Gurses Department of Inustrial Engineering University of Wisconsin-Maison 53 University Avenue Maison,
More informationOPEN BUDGET QUESTIONNAIRE PAKISTAN
International Buget Project OPEN BUDGET QUESTIONNAIRE PAKISTAN October 2005 International Buget Project Center on Buget an Policy Priorities 820 First Street, NE Suite 510 Washington, DC 20002 www.internationalbuget.org
More informationAn investment strategy with optimal sharpe ratio
The 22 n Annual Meeting in Mathematics (AMM 2017) Department of Mathematics, Faculty of Science Chiang Mai University, Chiang Mai, Thailan An investment strategy with optimal sharpe ratio S. Jansai a,
More informationInternational Budget Partnership OPEN BUDGET QUESTIONNAIRE Democratic Republic of Congo September 2009
International Buget Partnership OPEN BUDGET QUESTIONNAIRE Democratic Republic of Congo September 2009 International Buget Partnership Center on Buget an Policy Priorities 820 First Street NE, Suite 510
More informationDEMOCRATIC REPUBLIC OF CONGO
International Buget Partnership OPEN BUDGET QUESTIONNAIRE DEMOCRATIC REPUBLIC OF CONGO September 28, 2007 International Buget Partnership Center on Buget an Policy Priorities 820 First Street, NE Suite
More informationPERFORMANCE OF THE CROATIAN INSURANCE COMPANIES - MULTICRITERIAL APPROACH
PERFORMANCE OF THE CROATIAN INSURANCE COMPANIES - MULTICRITERIAL APPROACH Davorka Davosir Pongrac Zagreb school of economics an management Joranovac 110, 10000 Zagreb E-mail: avorka.avosir@zsem.hr Višna
More informationV. Reznik and U. Spreitzer Dr. Dr. Heissmann GmbH, Abraham-Lincoln-Str. 22, Wiesbaden.
n investigation of a portfolio-loss uner the CPM V. eznik an U. Spreitzer Dr. Dr. Heissmann GmbH, braham-incoln-str., 6589 Wiesbaen. bstract: We consier a portfolio built accoring to the Capital Market
More informationInternational Budget Partnership OPEN BUDGET QUESTIONNAIRE Sao Tome, September 2009
International Buget Partnership OPEN BUDGET QUESTIONNAIRE Sao Tome, September 2009 International Buget Partnership Center on Buget an Policy Priorities 820 First Street NE, Suite 510 Washington, DC 20002
More informationOPEN BUDGET QUESTIONNAIRE EGYPT
International Buget Partnership OPEN BUDGET QUESTIONNAIRE EGYPT September 28, 2007 International Buget Partnership Center on Buget an Policy Priorities 820 First Street, NE Suite 510 Washington, DC 20002
More informationInternational Budget Partnership OPEN BUDGET QUESTIONNAIRE Cambodia, September 2009
International Buget Partnership OPEN BUDGET QUESTIONNAIRE Camboia, September 2009 International Buget Partnership Center on Buget an Policy Priorities 820 First Street NE, Suite 510 Washington, DC 20002
More informationAn Evaluation of Shareholder Activism
An Evaluation of Shareholer Activism Barbara G. Katz Stern School of Business, New York University 44 W. 4th St., New York, NY 10012 bkatz@stern.nyu.eu; tel: 212 998 0865; fax: 212 995 4218 corresponing
More informationBond Calculator. Cbonds.ru Ltd. Pirogovskaya nab., 21, St. Petersburg Phone: +7 (812)
Cbons.ru Lt. irogovskaya nab., 21, St. etersburg hone: +7 (812) 336-97-21 http://www.cbons.com Bon Calculator Bon calculator is esigne to calculate analytical parameters use in assessment of bons. The
More informationOPEN BUDGET QUESTIONNAIRE ANGOLA
International Buget Partnership OPEN BUDGET QUESTIONNAIRE ANGOLA September 28, 2007 International Buget Partnership Center on Buget an Policy Priorities 820 First Street, NE Suite 510 Washington, DC 20002
More informationConsumer Account Fee and Information Schedule What you need to know about your account
Consumer Account Fee an Information Scheule What you nee to know about your account Effective April 29, 2016 Table of contents Introuction.... 1 Wors with specific meanings... 2 Banking services available
More informationOPEN BUDGET QUESTIONNAIRE ZAMBIA
International Buget Project OPEN BUDGET QUESTIONNAIRE ZAMBIA October 2005 International Buget Project Center on Buget an Policy Priorities 820 First Street, NE Suite 510 Washington, DC 20002 www.internationalbuget.org
More informationWorking Capital Management in the Process of Financial Support of the "Green Building" Projects
Working Capital Management in the Process of Financial Support of the "Green Builing" Projects Anatoliy Trebukhin 1,* an Zhanna Lemesheva 2 1 Moscow State University of Civil Engineering, 26, Yaroslavskoye
More informationOPEN BUDGET QUESTIONNAIRE BOLIVIA
International Buget Partnership OPEN BUDGET QUESTIONNAIRE BOLIVIA September 28, 2007 International Buget Partnership Center on Buget an Policy Priorities 820 First Street, NE Suite 510 Washington, DC 20002
More informationInternational Budget Partnership OPEN BUDGET QUESTIONNAIRE Honduras, September 2009
International Buget Partnership OPEN BUDGET QUESTIONNAIRE Honuras, September 2009 International Buget Partnership Center on Buget an Policy Priorities 820 First Street NE, Suite 510 Washington, DC 20002
More informationOPEN BUDGET QUESTIONNAIRE MOROCCO
International Buget Project OPEN BUDGET QUESTIONNAIRE MOROCCO October 2005 International Buget Project Center on Buget an Policy Priorities 820 First Street, NE Suite 510 Washington, DC 20002 www.internationalbuget.org
More informationP. Manju Priya 1, M.Phil Scholar. G. Michael Rosario 2, Associate Professor , Tamil Nadu, INDIA)
International Journal of Computational an Applie Mathematics. ISSN 89-4966 Volume, Number (07 Research Inia Publications http://www.ripublication.com AN ORDERING POLICY UNDER WO-LEVEL RADE CREDI POLICY
More informationSample allocation for efficient model-based small area estimation
Catalogue no. 1-001-X ISSN 149-091 Survey Methoology Sample allocation for efficient moel-base small area estimation by Mauno Keto an Erkki Pahkinen Release ate: June, 017 How to obtain more information
More informationIf you have ever spoken with your grandparents about what their lives were like
CHAPTER 7 Economic Growth I: Capital Accumulation an Population Growth The question of growth is nothing new but a new isguise for an age-ol issue, one which has always intrigue an preoccupie economics:
More informationTHE ROLE OF MODELS IN MODEL-ASSISTED AND MODEL-DEPENDENT ESTIMATION FOR DOMAINS AND SMALL AREAS
THE ROLE OF MODELS IN MODEL-ASSISTED AND MODEL-DEPENDENT ESTIMATION FOR DOMAINS AND SMALL AREAS Risto Lehtonen 1 1 University of Helsini, Finlan e-mail: risto.lehtonen@helsini.fi Abstract Estimation for
More informationOPEN BUDGET QUESTIONNAIRE BOLIVIA
International Buget Project OPEN BUDGET QUESTIONNAIRE BOLIVIA October 2005 International Buget Project Center on Buget an Policy Priorities 820 First Street, NE Suite 510 Washington, DC 20002 www.internationalbuget.org
More informationDevelopment Economics and Public Policy WORKING PAPER SERIES
Development Economics an Public Policy WORKING PAPER SERIES Paper No. 5 DO TECHNOLOGY SHOCKS SHIFT OUTPUT? AN EMPIRICAL ANALYSIS OF A TWO FACTOR MODEL Hulya Ulku University of Manchester May 005 ISBN:
More informationThe Comprehensive Business Income Tax System: A Proposal for Ultimate Neutrality between Debt and New Equity Issues?
International Journal of Sciences: Basic an Applie Research (IJSBAR) ISSN 2307-4531 (Print & Online) http://gssrr.org/inex.php?journaljournalofbasicanapplie ---------------------------------------------------------------------------------------------------------------------------
More informationPremium-Discount Patterns in Exchange-Traded Funds (ETFs): Evidence from the Tracker Fund of Hong Kong (TraHK)
Premium-Discount Patterns in Exchange-Trae Funs (ETFs): Evience from the Tracker Fun of Hong Kong (TraHK) Karen, H.Y. Wong Department of Accounting, Finance an Law, The Open University of Hong Kong, Hong
More informationPartial Disability System and Labor Market Adjustment: The Case of Spain
Upjohn Institute Working Papers Upjohn Research home page 2013 Partial Disability System an Labor Market Ajustment: The Case of Spain Jose I. Silva University of Kent Juit Vall-Castello Universitat e Girona
More informationOPEN BUDGET QUESTIONNAIRE
International Buget Partnership OPEN BUDGET QUESTIONNAIRE PAKISTAN September 28, 2008 International Buget Partnership Center on Buget an Policy Priorities 820 First Street, NE Suite 510 Washington, DC
More informationThe use of Expected Utility Theory (EUT) in Taxpayers Behaviour Modelling
American Journal of Applie Sciences Original Research Paper The use of Expecte Utility Theory (EUT) in Taxpayers Behaviour Moelling Fari Ameur an Mohame Tkiouat Stuies an Research Laboratory in Applie
More informationDecomposing the Productivity- Wage Nexus in Selected OECD Countries,
Decomposing the Prouctivity- Wage Nexus in Selecte OECD Countries, 1986-2013 Anrew Sharpe Centre for the Stuy of Living Stanars James Uguccioni Centre for the Stuy of Living Stanars 1 ABSTRACT Stanar economic
More informationA Rare Move: The Effect of Switching from a Closing Call. Auction to a Continuous Trading
A Rare Move: The Effect of Switching from a Closing Call Auction to a Continuous Traing Ya-Kai Chang Department of Finance College of Business Chung Yuan Christian University Robin K. Chou Department of
More informationVietnam Economic Structure Change Based on Vietnam Input-Output Tables 2012 and 2016
Theoretical Economics Letters, 2018, 8, 699-708 http://www.scirp.org/journal/tel ISSN Online: 2162-2086 ISSN Print: 2162-2078 Vietnam Economic Structure Change Base on Vietnam Input-Output Tables 2012
More informationMacro Dynamics and Labor-Saving Innovation: US vs. Japan
CIRJE-F-528 Macro Dynamics an Labor-Saving Innovation: US vs. Japan Ryuzo Sato New York University an University of Tokyo Tamaki Morita National Grauate Institute for Policy Stuies (GRIPS) November 2007
More informationKey words: financial intermediation, entrepreneurship, economic growth
DEPARTMENT OF ECONOMICS ISSN 1441-5429 DISCUSSION PAPER 18/07 FINANCIA INTERMEDIATION, ENTREPRENEURSHIP AND ECONOMIC GROWTH Wenli Cheng * Abstract: This paper presents a simple general equilibrium moel
More informationDisability/Sickness Claim
AXA Builing 6 Chiswick Park 566 Chiswick High Roa Lonon W4 5HR 0370 900 0161 Step 1: Check Your Policy Documents Disability/Sickness Claim Important tes You must be 100% unable to work an be in active
More information2. Lattice Methods. Outline. A Simple Binomial Model. 1. No-Arbitrage Evaluation 2. Its relationship to risk-neutral valuation.
. Lattice Methos. One-step binomial tree moel (Hull, Chap., page 4) Math69 S8, HM Zhu Outline. No-Arbitrage Evaluation. Its relationship to risk-neutral valuation. A Simple Binomial Moel A stock price
More informationChanges to For-Profit and PBE Accounting Standards for the Period June 2011 to May 2017
Changes to For-Profit an Accounting Stanars for the Perio June 2011 to May 2017 The purpose of this table is to maintain a atabase of all the changes to the for-profit an accounting s since June 2011,
More informationInternational Budget Partnership OPEN BUDGET QUESTIONNAIRE Chad, September 2009
International Buget Partnership OPEN BUDGET QUESTIONNAIRE Cha, September 2009 International Buget Partnership Center on Buget an Policy Priorities 820 First Street NE, Suite 510 Washington, DC 20002 www.internationalbuget.org
More informationVolcker Rule Regulations Proposed
October 2011 / Issue 13 A legal upate from Dechert s Financial Institutions Group Volcker Rule Regulations Propose Section 619 of the Do-Frank Act the Volcker Rule attempts to limit perceive risks in the
More information[Japan] 2010 Preference Parameters Study of Osaka University
[Japan] 2010 Preference Parameters Stuy of Osaka University Section 1 1. Do the following statements hol true for you? If it is particularly true for you, choose 1, an if it oesn't hol true at all for
More informationDECISION on the uniform manner of calculation and reporting of effective interest rate on loans and deposits
Pursuant to Article 44 paragraph 2 point 3 of the Central Bank of Montenegro Law (OGM 40/10, 46/10, 06/13) an in conjunction with Article 89 of the Banking Law (OGM 17/08, 44/10) an Article 8 of the Law
More informationtransfers in orer to keep income of the hospital sector unchange, then a larger welfare gain woul be obtaine, even if the government implements a bala
The Impact of Marginal Tax Reforms on the Supply of Health Relate Services in Japan * Ryuta Ray Kato 1. Introuction This paper presents a computable general equilibrium (CGE) framework to numerically examine
More informationTaxation and International Migration of Top Earners: Evidence from the Foreigner Tax Scheme in Denmark
Taxation an International Migration of Top Earners: Evience from the Foreigner Tax Scheme in Denmark Henrik Jacobsen Kleven, Lonon School of Economics Camille Lanais, SIEPR Stanfor University Emmanuel
More informationANSWER: POINTS: 1 DIFFICULTY: Easy
1. Which of the following statements escries the tax research process? a. It is strictly linear.. It requires mechanical skills comine with critical thinking. c. It requires the aility to use complex mathematical
More informationProject operating cash flow (nominal) 54, ,676 2,474,749 1,049,947 1,076,195
Answers Professional Level Options Moule, Paper P4 (SGP) Avance Financial Management (Singapore) December 2008 Answers Tutorial note: These moel answers are consierably longer an more etaile than woul
More informationPartial State-Owned Bank Interest Margin, Default Risk, and Structural Breaks: A Model of Financial Engineering
Partial State-Owne Bank Interest Margin, Default Risk, an Structural Breaks: A Moel of Financial Engineering JYH-HORNG IN,CHING-HUI CHANG * AND ROSEMARY JOU Grauate Institute of International Business
More informationSEC Issues Guidance on Hedge Fund Adviser Rule
February 2006 / Issue 2 A legal upate from Dechert s Financial Services Group SEC Issues Guiance on Hege Fun Aviser Rule On December 8, 2005, the Staff of the Division of Investment Management (the Division
More informationThe Impact of Budget Deficits, Public Debt and Education Expenditures on Economic Growth in Poland
Michał onopczyński * The Impact of Buget eficits, Public ebt an ucation xpenitures on conomic Growth in Polan Abstract This paper investigates the relationship between economic growth in Polan an selecte
More informationFor personal use only
Australian Finance Group Lt ACN 066 385 822 Short Term Incentive Plan Rules Aopte 1 May 2015 STIP Rules 1 Introuction This Short Term Incentive Plan is esigne to awar cash bonus Awars to Eligible Employees.
More informationCoherent small area estimates for skewed business data
Coherent small area estimates for skewe business ata Thomas Zimmermann Ralf Münnich Abstract The eman for reliable business statistics at isaggregate levels such as NACE classes increase consierably in
More informationAssessment of Acceptance Sampling Plans Using Posterior Distribution for a Dependent Process
Rochester Institute of Technology RIT Scholar Works Articles 1-21-2010 Assessment of Acceptance Sampling Plans Using Posterior Distribution for a Depenent Process A. Erhan Mergen Rochester Institute of
More informationKeywords: corporate income tax, source of finance, imputation tax system, full imputation tax system, split rate system.
Ilija Gruevski; Corporate taxes an their potential effects on investment Ilija GRUEVSKI * UDC 336.226.12:330.322.54 Professional paper CORPORATE TAXES AND THEIR POTENTIAL EFFECTS ON INVESTMENT Abstract
More informationDynamic Accumulation Model for the Second Pillar of the Slovak Pension System
UDC: 368.914(437.6) JEL classification: C1, E27, G11, G23 Keywors: ynamic stochastic programming; fune pillar; utility function; Bellman equation; Slovak pension system; risk aversion; pension portfolio
More informationTroubled Asset Relief Program, Bank Interest Margin and. Default Risk in Equity Return: An Option-Pricing Model
Trouble Asset elief Program Bank Interest argin an Default isk in Equity eturn: An Option-Pricing oel JYH-JIUA I * CHIG-HUI CHAG 3 AD JYH-HOG I Department of tatistics Tamkang University 5 Ying-Chuan oa
More informationEconomic perspectives
Economic perspectives Has there been an economic ivien from evolution? 1 Jo Armstrong, Richar Harris, John McLaren an John Moffat 1. Introuction It is now over twelve years since the restoration of Scotlan
More informationOPEN BUDGET QUESTIONNAIRE TANZANIA
International Buget Project OPEN BUDGET QUESTIONNAIRE TANZANIA October 2005 International Buget Project Center on Buget an Policy Priorities 820 First Street, NE Suite 510 Washington, DC 20002 www.internationalbuget.org
More informationOPEN BUDGET QUESTIONNAIRE KAZAKHSTAN
International Buget Partnership OPEN BUDGET QUESTIONNAIRE KAZAKHSTAN September 28, 2007 International Buget Partnership Center on Buget an Policy Priorities 820 First Street, NE Suite 510 Washington, DC
More informationInternational Budget Partnership OPEN BUDGET QUESTIONNAIRE Venezuela, September 2009
International Buget Partnership OPEN BUDGET QUESTIONNAIRE Venezuela, September 2009 International Buget Partnership Center on Buget an Policy Priorities 820 First Street NE, Suite 510 Washington, DC 20002
More informationModelling Credit Risk for Personal Loans Using Product-Limit Estimator
www.scieu.ca/ifr International Journal of Financial Research Vol. 3, No. 1; January 12 Moelling Creit Ris for Personal Loans Using Prouct-Limit Estimator Oumu Argan Weesa (Corresponing author) Jomo Kenyatta
More informationGAINS FROM TRADE UNDER MONOPOLISTIC COMPETITION
bs_bs_banner Pacific Economic Review, 2: (206) pp. 35 44 oi: 0./468-006.250 GAINS FROM TRADE UNDER MONOPOLISTIC COMPETITION ROBERT C. FEENSTRA* University of California, Davis an National Bureau of Economic
More informationGlenn P. Jenkins Queen s University, Kingston, Canada and Eastern Mediterranean University, North Cyprus
COST-BENEFIT ANALYSIS FOR INVESTMENT DECISIONS, CHAPTER 1: ECONOMIC PRICES FOR TRADABLE GOODS AND SERVICES Glenn P. Jenkins Queen s University, Kingston, Canaa an Eastern Meiterranean University, North
More informationData Center Demand Response in Deregulated Electricity Markets
This article has been accepte for publication in a future issue of this journal, but has not been fully eite. Content may change prior to final publication. Citation information: DOI 0.09/TSG.208.280830,
More informationEvolutionary Computing Applied to Stock Market using Technical Indicators
Evolutionary Computing Applie to Stock Market using Technical Inicators Ariano Simões, Rui Neves, Nuno Horta Instituto as Telecomunicações, Instituto Superior Técnico Av. Rovisco Pais, 040-00 Lisboa, Portugal.
More informationSelecting Mortality Tables: A Credibility Approach Gavin Benjamin October 2008
Selecting Mortality Tales: A Creiility Approach Gavin Benjain Octoer 8 Historically, pension actuaries have tene to focus their attention on the estalishent of appropriate econoic assuptions ecause changes
More informationIntroduction to Financial Derivatives
55.444 Introuction to Financial Derivatives Week of December n, 3 he Greeks an Wrap-Up Where we are Previously Moeling the Stochastic Process for Derivative Analysis (Chapter 3, OFOD) Black-Scholes-Merton
More information[Japan] 2009 Preference Parameters Study of Osaka University
1. Thinking about when you were a chil an you were given an assignment in school, when i you usually o the assignment? (X ONE Box) 1 Got it one right away 4 Tene to get it one towar the en 2 Tene to get
More informationModes of Convergence
Moes of Convergence Electrical Engineering 126 (UC Berkeley Spring 2018 There is only one sense in which a sequence of real numbers (a n n N is sai to converge to a limit. Namely, a n a if for every ε
More informationINVESTMENT PERSPECTIVES ON THE INTERCONNECTION OF ISOLATED SYSTEMS WITH THE MAINLAND GRID: CRETE CASE STUDY
INVESTMENT PERSPECTIVES ON THE INTERCONNECTION OF ISOLATED SYSTEMS WITH THE MAINLAND GRID: CRETE CASE STUDY Emmanouil Loukarakis, Konstantinos Kalaitzakis, Eftichios Koutroulis, Georgios Stavrakakis Electronic
More informationFinancial Integration, Growth, and Volatility
W/05/67 Financial Integration, Growth, an Volatility Anne paular an Aue ommeret 005 International Monetary Fun W/05/67 IMF Working aper IMF Institute Financial Integration, Growth, an Volatility repare
More informationChallenges in the Measurement of Public Sector Productivity in OECD Countries
Challenges in the Measurement of Public Sector Prouctivity in OECD Countries Ewin Lau, Zsuzsanna Lonti an Rebecca Schultz OECD 1 ABSTRACT Prouctivity is one of the main engines of economic growth. While
More informationA Contribution of Expected Utility Theory in Taxpayers Behavior Modeling
International Journal of Economics an Financial Issues ISSN: 2146-4138 available at http: www.econjournals.com International Journal of Economics an Financial Issues, 2016, 6(3), 1217-1224. A Contribution
More informationWhy Has Swedish Stock Market Volatility Increased?
Why Has Seish Stock Market Volatility Increase? by John Hassler Institute for International Economic Stuies This revision: May 29, 1995 Preliminary Abstract Is the increase volatility on the Seish stock
More informationInternational Budget Partnership OPEN BUDGET QUESTIONNAIRE Mali, September 2009
International Buget Partnership OPEN BUDGET QUESTIONNAIRE Mali, September 2009 International Buget Partnership Center on Buget an Policy Priorities 820 First Street NE, Suite 510 Washington, DC 20002 www.internationalbuget.org
More informationAnalysis of 2x2 Cross-Over Designs using T-Tests for Equivalence
Chapter 37 Analysis of x Cross-Over Designs using -ests for Equivalence Introuction his proceure analyzes ata from a two-treatment, two-perio (x) cross-over esign where the goal is to emonstrate equivalence
More informationPLATFORM FOR TAX GOOD GOVERNANCE
EUROPEAN COMMISSION DIRECTORATE-GENERAL TAXATION AND CUSTOMS UNION Direct taxation, Tax Coorination, Economic Analysis an Evaluation Company Taxation Initiatives Brussels, May 2014 Taxu/D1/ DOC: Platform/7/2014/EN
More informationAn Efficient Class of Exponential Estimator of Finite Population Mean Under Double Sampling Scheme in Presence of Non-Response
Global Journal of Pure an Applie Mathematics. ISSN 0973-768 Volume 3, Number 9 (07), pp. 599-533 Research Inia Publications http://www.ripublication.com An Efficient Class of Eponential Estimator of Finite
More informationSHORT-TERM STOCK PRICE REACTION TO SHOCKS: EVIDENCE FROM AMMAN STOCK EXCHANGE
SHORT-TERM STOCK PRICE REACTION TO SHOCKS: EVIDENCE FROM AMMAN STOCK EXCHANGE Dima Walee Hanna Alrabai Assistant Professor, Finance an Banking Sciences Department, Faculty of Economics an Business Aministration,
More information1. An insurance company models claim sizes as having the following survival function. 25(x + 1) (x 2 + 2x + 5) 2 x 0. S(x) =
ACSC/STAT 373, Actuarial Moels I Further Probability with Applications to Actuarial Science WINTER 5 Toby Kenney Sample Final Eamination Moel Solutions This Sample eamination has more questions than the
More informationEstimating Unemployment-Rates for Small Areas A Simulation-Based Approach
AUSTRIAN JOURNAL OF STATISTICS Volume 37 (2008), Number 3&4, 349 360 Estimating Unemployment-Rates for Small Areas A Simulation-Base Approach Bernhar Meinl Statistics Austria Abstract: The estimation of
More informationDynamic Pricing through Customer Discounts for Optimizing Multi-Class Customers Demand Fulfillment
Dynamic Pricing through Customer Discounts for Optimizing ulti-class Customers Deman Fulfillment Qing Ding Panos Kouvelis an Joseph ilner# John. Olin School of Business Washington University St. Louis,
More informationEconomic Growth under Alternative Monetary Regimes: Inflation Targeting vs. Real Exchange Rate Targeting
Economic Growth uner Alternative Monetary Regimes: Inflation Targeting vs. Real Exchange Rate Targeting Jose Antonio Corero Escuela e Economia Universia e Costa Rica San Jose, COSTA RICA Economic Growth
More informationFSA Calls for Advance MiFID Planning
10 March 2006 A Legal Upate from Dechert s Financial Services Group FSA Calls for Avance MiFID Planning Impening legislation from Brussels is about to trigger a significant rewrite of UK financial services
More informationTHE SELECTION OF ACTUARIAL ASSUMPTIONS IN AN UNSTABLE ECONOMY, MEXICO A CASE HISTORY MARCELA FLORES QU IROZ BUFETE DE CONSULTORIA ACTUARIAL, MEXICO
THE SELECTION OF ACTUARIAL ASSUMPTIONS IN AN UNSTABLE ECONOMY, MEXICO A CASE HISTORY I MARCELA FLORES QU IROZ BUFETE DE CONSULTORIA ACTUARIAL, MEXICO When an economy unergoes rastic variations of the macroeconomic
More informationUniversity of Windsor Faculty of Business Administration Winter 2001 Mid Term Examination: units.
Time: 1 hour 20 minutes University of Winsor Faculty of Business Aministration Winter 2001 Mi Term Examination: 73-320 Instructors: Dr. Y. Aneja NAME: LAST (PLEASE PRINT) FIRST Stuent ID Number: Signature:
More informationData Center Demand Response in Deregulated Electricity Markets
Data Center Deman Response in Deregulate Electricity Markets Shahab Bahrami, Stuent Member, IEEE, Vincent W.S. Wong, Fellow, IEEE, an Jianwei Huang, Fellow, IEEE Abstract With the evelopment of eregulate
More informationInternational Budget Partnership OPEN BUDGET QUESTIONNAIRE Senegal, September 2009
International Buget Partnership OPEN BUDGET QUESTIONNAIRE Senegal, September 2009 International Buget Partnership Center on Buget an Policy Priorities 820 First Street NE, Suite 510 Washington, DC 20002
More informationA Moment Matching Approach to the Valuation of a Volume Weighted Average Price Option
A Moment Matching Approach to the Valuation of a Volume Weighte Average Price Option Antony William Stace Department of Mathematics, University of Queenslan, Brisbane, Queenslan 472, Australia aws@maths.uq.eu.au
More informationA Costless Way to Increase Equity
A Costless Way to Increase Equity Raphael Flore October 27, 2016 Abstract This paper complements stanar theories of optimal capital structure by allowing firms to invest in the financial markets in which
More informationA NOTE ON THE DYNAMIC ROLE OF MONOPOLISTIC COMPETITION IN THE MONETARY ECONOMY. abstract
A NOTE ON THE DYNAMIC ROLE OF MONOPOLISTIC COMPETITION IN THE MONETARY ECONOMY abstract In the new Keynesian economics, monopolistic competition plays an important role. Much static research is base on
More informationLGD Risk Resolved. Abstract
LGD Risk Resolve Jon Frye (corresponing author) Senior Economist Feeral Reserve Bank of Chicago 230 South LaSalle Street Chicago, IL 60604 Jon.Frye@chi.frb.org 32-322-5035 Michael Jacobs Jr. Senior Financial
More informationZicklin School of Business, Baruch College ACC Financial Accounting 1 Fall Mid Term 1 -- B -- BLUE EXAM
Zicklin School of Business, Baruch College ACC 3000 -- Financial Accounting 1 Fall 2004 Mi Term 1 -- B -- BLUE EXAM Instructor: Prof. Donal Byar Name: Office: VC 12-264 Phone: (646) 312-3187 Last 4 Digits
More informationCapacity Constraint OPRE 6377 Lecture Notes by Metin Çakanyıldırım Compiled at 15:30 on Tuesday 22 nd August, 2017
apacity onstraint OPRE 6377 Lecture Notes by Metin Çakanyılırım ompile at 5:30 on Tuesay 22 n August, 207 Solve Exercises. [Marginal Opportunity ost of apacity for Deman with onstant Elasticity] We suppose
More informationNew Trade Models, New Welfare Implications
New rae Moels, New Welfare Implications he Harvar community has mae this article openly available. Please share how this access benefits you. Your story matters Citation Melitz, Marc J., an Stephen J.
More informationSEC Adopts Executive Compensation Rules
November 2006 / Issue 15 A legal upate from Dechert s Financial Services Group SEC Aopts Executive Compensation Rules On July 28, 2006, the Securities an Exchange Commission (the SEC ) aopte a number of
More informationEnvironmental regulation incidence towards international oligopolies: pollution taxes vs emission permits
Environmental regulation incience towars international oligopolies: pollution taxes vs emission permits Florent PRATLONG 22 ERASME an EUREQua Université Paris I Panthon-Sorbonne March, 2004 Preliminary
More informationPaper P4 (SGP) Advanced Financial Management (Singapore) Thursday 5 June Professional Level Options Module. Time allowed
Professional Level Options Moule Avance Financial Management (Singapore) Thursay 5 June 2008 Time allowe Reaing an planning: Writing: 15 minutes 3 hours This paper is ivie into two sections: Section A
More informationThe Intriguing Nexus Between Corruption and Capital Account Restrictions
The Intriguing Nexus Between Corruption an Capital Account Restrictions Axel Dreher Lars-H.R. Siemers June 2003 Abstract In a simple theoretical moel we ientify a mutual relationship between corruption
More information