Planchet, Frédéric; Plaine, Guillaume Gautier de la - In: Risks : open access journal 12 (2024) 3, pp. 1-18
This work proposes a simple model to take into account the annual volatility of the mortality level observed on the scale of a country like France in the construction of prospective mortality tables. By assigning a frailty factor to a basic hazard function, we generalise the Lee-Carter model....