Tappe, Stefan; Weber, Stefan - In: Finance and Stochastics 18 (2014) 1, pp. 209-248
called forward mortality improvements which provide a flexible tool for a simple construction of stochastic forward mortality … models. In practice, the notion of mortality improvements is a convenient device for the quantification of changes in … satisfy Heath–Jarrow–Morton-type consistency conditions which translate to conditions on the forward mortality improvements …