?url_ver=Z39.88-2004&rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Adc&rft.relation=http%3A%2F%2Feprints.imtlucca.it%2F3518%2F&rft.title=A+continuous-time+stochastic+model+for+the+mortality+surface+of+multiple+populations&rft.creator=Jevti%C4%87%2C+Petar&rft.creator=Regis%2C+Luca&rft.subject=HB+Economic+Theory&rft.description=We+formulate%2C+study+and+calibrate+a+continuous-time+model+for%0D%0Athe+joint+evolution+of+the+mortality+surface+of+multiple+populations.+We+model%0D%0Athe+mortality+intensity+by+age+and+population+as+a+mixture+of+stochastic+latent%0D%0Afactors%2C+that+can+be+either+population-specific+or+common+to+all+populations.%0D%0AThese+factors+are+described+by+affine+time-(in)homogenous+stochastic+processes.%0D%0ATraditional%2C+deterministic+mortality+laws+can+be+extended+to+multi-population%0D%0Astochastic+counterparts+within+our+framework.+We+detail+the+calibration+pro-%0D%0Acedure+when+factors+are+Gaussian%2C+using+centralized+data-fusion+Kalman+filter.%0D%0AWe+provide+an+application+based+on+the+mortality+of+UK+males+and+females.%0D%0AAlthough+parsimonious%2C+the+specification+we+calibrate+provides+a+good+fit+of%0D%0Athe+observed+mortality+surface+(ages+0-99)+of+both+sexes+between+1960+and%0D%0A2013.&rft.publisher=IMT+School+for+Advanced+Studies+Lucca&rft.date=2016-07&rft.type=Working+Paper&rft.type=NonPeerReviewed&rft.format=application%2Fpdf&rft.language=en&rft.rights=cc_by_nd&rft.identifier=http%3A%2F%2Feprints.imtlucca.it%2F3518%2F1%2FEIC_WP_3_2016.pdf&rft.identifier=++Jevti%C4%87%2C+Petar+and+Regis%2C+Luca++A+continuous-time+stochastic+model+for+the+mortality+surface+of+multiple+populations.++EIC+working+paper+series++%233%2F2016++++IMT+School+for+Advanced+Studies+Lucca++++ISSN+2279-6894.++++++