A Quantitative Comparison of Stochastic Mortality Models Using Data from England & Wales and the United States

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We compare quantitatively eight stochastic models explaining improvements in mortality rates in England &Wales and in the US. On the basis of the Bayes Information Criterion (BIC), we find that an extension of the Cairns, Blake & Dowd (2006b) model that incorporates the cohort effect fits the Englan...