Friedberg, Leora; Webb, Anthony - In: Topics in Economic Analysis & Policy 7 (2007) 1, pp. 1785-1785
aggregate mortality risk. Using the widely-cited Lee-Carter mortality model, we quantify aggregate mortality risk as the risk … interval, suggesting even more uncertainty about future mortality.We then evaluate the implications of aggregate mortality risk … mortality improvements and would leave annuities underpriced.Annuity providers could manage aggregate mortality risk more …