Guglielmo D’Amico; Guillen, Montserrat; Manca, Raimondo - Xarxa de Referència en Economia Aplicada (XREAP) - 2012
In this paper, we present a stochastic model for disability insurance contracts. The model is based on a discrete time non-homogeneous semi-Markov process (DTNHSMP) to which the backward recurrence time process is introduced. This permits a more exhaustive study of disability evolution and a...