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Testing the Lee-Carter model on Hungarian mortality data

Petneházi, Gábor and Gáll, József Mihály (2023) Testing the Lee-Carter model on Hungarian mortality data. ACTA OECONOMICA, 73 (1). pp. 171-182. ISSN 0001-6373

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Abstract

This article tests the popular Lee-Carter model's performance for Hungarian mortality rate forecasting. Hungary passed through a mortality crisis which makes the task particularly difficult. Previous forecasts and model choices are validated, and updated forecasts are produced. We find that the behaviour of mortality rates is normalizing, and so the basic Lee-Carter model is becoming applicable.

Item Type: Article
Subjects: H Social Sciences / társadalomtudományok > HB Economic Theory / közgazdaságtudomány
SWORD Depositor: MTMT SWORD
Depositing User: MTMT SWORD
Date Deposited: 30 Mar 2023 09:49
Last Modified: 30 Mar 2023 09:49
URI: http://real.mtak.hu/id/eprint/163136

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