DEPARTMENT OF ACTUARIAL STUDIES RESEARCH PAPER SERIES Beyond Three Score Years And Ten: Prospects For Longevity In Australia

Most estimates and proj ections of life expec tancy are based on period measures. This paper presen tsforecasts of cohort life expectancy for older generations derived using the Lee-Carter method offorecasting mortality. These cohort measures point to more years of life expectancy than thecommonly-cited current period measures. The new forecasts also indicate a more rapid increase infuture life expectancy than official projections assum e. Policy-maker s and those planning re tirementshould take into account that Australians are likely to live longer than currently envisaged