Garces, Len Patrick; Kolar, Jovana; Sherris, Michael; … - 2022
mortality intensity is driven by an affine jump-diffusion (AJD) process. Advantages of an AJD specification of mortality … dynamics include the availability of closed-form expressions for survival probabilities afforded by an affine mortality … specification and the ease with which we can incorporate sudden positive and negative shocks in mortality dynamics, reflecting …