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Query: faculty: "FEB" and publication year: "2007"

AuthorsW.J. Willemse, R. Kaas
TitleRational reconstruction of frailty-based mortality models by a generalisation of Gompertz' law of mortality
JournalInsurance: Mathematics & Economics
Volume40
Year2007
Issue3
Pages468-484
ISSN01676687
FacultyFaculty of Economics and Business
Institute/dept.FEB: Amsterdam School of Economics Research Institute (ASE-RI)
AbstractA generalisation of Gompertz' distribution is proposed, and it is shown that continuous heterogeneous mortality models with Gamma distributed frailty have lifetime random variables distributed as the difference of two such generalised Gompertz random variables. With this result, limitations of existing frailty-based mortality models are identified. The approach taken in this paper allows the frailty distribution to be interpreted as a lifetime reduction distribution and enables application of heterogeneous survival models with a stronger relation to empirically identifiable concepts.
Document typeArticle
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