Clustering-Based Extensions of the Common Age Effect Multi-Population Mortality Model

Clustering-Based Extensions of the Common Age Effect Multi-Population Mortality Model

We introduce four variants of the common age effect model proposed by Kleinow, which describes the mortality rates of multiple populations. Our model extensions are based on the assumption of multiple common age effects, each of which is shared only by a subgroup of all considered populations. This...

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Bibliographic Details
Main Authors: Simon Schnürch, Torsten Kleinow, Ralf Korn
Format: Article
Language:English
Published: MDPI AG 2021-03-01
Series:Risks
Subjects:
mortality modeling and forecasting
stochastic mortality model
mortality of multiple populations
common age effect model
cluster analysis
maximum likelihood estimation
Online Access:https://www.mdpi.com/2227-9091/9/3/45

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