Giacometti, Rosella; Bertocchi, Marida; Rachev, Svetlozar T. - In: Insurance: Mathematics and Economics 50 (2012) 1, pp. 85-93
With the decline in the mortality level of populations, national social security systems and insurance companies of most developed countries are reconsidering their mortality tables taking into account the longevity risk. The Lee and Carter model is the first discrete-time stochastic model to...