Mitchell, Daniel; Brockett, Patrick; Mendoza-Arriaga, Rafael - In: Insurance: Mathematics and Economics 52 (2013) 2, pp. 275-285
We show that by modeling the time series of mortality rate changes rather than mortality rate levels we can better model human mortality. Leveraging on this, we propose a model that expresses log mortality rate changes as an age group dependent linear transformation of a mortality index. The...
