O’Hare, Colin; Li, Youwei - In: Insurance: Mathematics and Economics 50 (2012) 1, pp. 12-25
Stochastic modeling of mortality rates focuses on fitting linear models to logarithmically adjusted mortality data from … the middle or late ages. Whilst this modeling enables insurers to project mortality rates and hence price mortality … products it does not provide good fit for younger aged mortality. Mortality rates below the early 20’s are important to model …