The prototypical Lee-Carter mortality model is characterized by a single common time factor that loads differently … across age groups. In this paper, we propose a parametric factor model for the term structure of mortality where multiple … factors: a factor common for all age groups, factors for infant and adult mortality, and a factor for the “accident hump” that …

mortality intensity is driven by an affine jump-diffusion (AJD) process. Advantages of an AJD specification of mortality … dynamics include the availability of closed-form expressions for survival probabilities afforded by an affine mortality … specification and the ease with which we can incorporate sudden positive and negative shocks in mortality dynamics, reflecting …

Multi-population mortality forecasting has become an increasingly important area in actuarial science and demography …, as a means to avoid long-run divergence in mortality projection. This paper aims to establish a unified state …-space Bayesian framework to model, estimate and forecast mortality rates in a multi-population context. In this regard, we …

Geographic disparities in mortality rates in the US are pronounced and growing. The Black-White mortality gap is … volatile but persistent, while the Rich-Poor mortality gap is increasing dramatically. While the causes of these inequalities … politics as a place-specific factor contributing to spatial inequality in mortality. Specifically, we test for the existence of …