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Persistent link: https://www.econbiz.de/10011797536
The prototypical Lee-Carter mortality model is characterized by a single common time factor that loads differently across age groups. In this paper, we propose a parametric factor model for the term structure of mortality where multiple factors are designed to influence the age groups...
Persistent link: https://www.econbiz.de/10012025646
Persistent link: https://www.econbiz.de/10011627706