An Empirical Study on the Lapse Rate The Cointegration Approach资料.pdfVIP

An Empirical Study on the Lapse Rate: The Cointegration Approach Author(s): Weiyu Kuo, Chenghsien Tsai, Wei-Kuang Chen Source: The Journal of Risk and Insurance, Vol. 70, No. 3 (Sep., 2003), pp. 489-508 Published by: American Risk and Insurance Association Stable URL: /stable/3519905 Accessed: 21/04/2010 00:42 Your use of the JSTOR archive indicates your acceptance of JSTORs Terms and Conditions of Use, available at /page/info/about/policies/terms.jsp. JSTORs Terms and Conditions of Use provides, in part, that unless you have obtained prior permission, you may not download an entire issue of a journal or multiple copies of articles, and you may use content in the JSTOR archive only for your personal, non-commercial use. Please contact the publisher regarding any further use of this work. Publisher contact information may be obtained at /action/showPublisher?publisherCode=ari. Each copy of any part of a JSTOR transmission must contain the same copyright notice that appears on the screen or printed page of such transmission. JSTOR is a not-for-profit service that helps scholars, researchers, and students discover, use, and build upon a wide range of content in a trusted digital archive. We use information technology and tools to increase productivity and facilitate new forms of scholarship. For more information about JSTOR, please contact support@. American Risk and Insurance Association is collaborating with JSTOR to digitize, preserve and extend access to The Journal of Risk and Insurance. ? The RiskandInsurance, Vol. No. 3, 489-508 Journal 2003, 70, of AN EMPIRICAL THELAPSERATE: STUDYON THECOINTEGRATION APPROACH Weiyu Kuo Chenghsien Tsai Wei-Kuang Chen ABSTRACT We use the cointegration to reexami