Volume 1

Observations on reversionary payments; on schemes for providing annuities for widows, and for persons in old age; on the method of calculating the values of assurances on lives; and on the national debt. Also, essays on different subjects in the doctrine of life-annuities and political arithmetic ... / by Richard Price. The whole new arranged, and enlarged ... by William Morgan.

  • Price, Richard, 1723-1791.
Date:
1812
Catalogue details

Licence: Public Domain Mark

Credit: Observations on reversionary payments; on schemes for providing annuities for widows, and for persons in old age; on the method of calculating the values of assurances on lives; and on the national debt. Also, essays on different subjects in the doctrine of life-annuities and political arithmetic ... / by Richard Price. The whole new arranged, and enlarged ... by William Morgan. Source: Wellcome Collection.

    190/474 (page 136)
    the duchy of Oldenburgh of the duration of 1273 marriages, and compared with accounts of the duration of the widowhoods derived from these marriages. One circumstance in these accounts deserves particular notice. The ages of the men, one with another, when the marriages just mentioned commen- ced, was 32% years; of the women 28 years. The men lived after marrying 27 4 years; the women, 31 years and nine tenths. The former, according to Mr. Susmilch’s ‘Table (and also nearly according to the Northamp- ton able of Observations), should have lived only 27 years and one tenth; and the latter, 29 years and eight tenths. The former, therefore, having exceeded the du- ration of life exhibited in the Tables only six tenths of a year, but the latter having ex~- ceeded it above two years, it follows that women, notwithstanding the hazards of the critical periods and of child-bearing, live longer than men. | I will add, that by examining 154 of these marriages, I find their duration to have been, one with another, 21 years and a quarter, and the duration of the survivorship of the widows derived from them, 19 years. Had Mr. De Moivre’s hypothesis of an equal decrement of life been just, the latter would have been longer than the former. The reason why the contrary happens has been given in p. 113, &c. In these marriages Gf I may judge from examining