Jevtic, Petar; Luciano, Elisa; Vigna, Elena - Collegio Carlo Alberto, Università degli Studi di Torino - 2012
We study and calibrate a cohort-based model which captures the characteristics of a mortality surface with a parsimonious, continuous-time fac- tor approach. The model allows for imperfect correlation of mortality intensity across generations. It is implemented on UK data for the period...