Human lifetime entropy in a historical perspective (1750-2014)
(2020) Cliometrica : journal of historical economics and econometric history — Vol. 14, n° 1, p. 129-167 (2020)
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- This paper uses Shannon's entropy index to the base 2 to quantify the risk relative to the age at death in terms of bits (i.e. the amount of information revealed by tossing a fair coin). We first provide a simple decomposition of Shannon's lifetime entropy index that allows us to analyze the determinants of lifetime entropy (in particular its relation with Wienerís entropy of the event "death at a particular age conditional on survival to that age") and to study how the risk about the duration of life is resolved as the individual becomes older. Then, using data on 37 countries from the Human Mortality Database, we show that, over the last two centuries, (period) lifetime entropy at birth has exhibited, in all countries, an inverted-U shape pattern with a maximum in the first half of the 20th century (at 6 bits), and reaches, in the early 21st century, 5.6 bits for men and 5.5 bits for women. It is also shown that the entropy age profile shifted from a non-monotonic profile (in the 18th and 19th centuries) to a strictly decreasing proÖle (in the 20th and 21st centuries).
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Meyer, P., & Ponthiere, G. (2020). Human lifetime entropy in a historical perspective (1750-2014). Cliometrica : journal of historical economics and econometric history, 14(1), 129-167. https://doi.org/10.1007/s11698-019-00185-y (Original work published 2020)