adverse selection in the annuity market. However, a regulated life assurer with concerns about predicting long-run mortality … cohort mortality risk on the money's worth. We demonstrate that cohort mortality risk is quantitatively important, and show … that it is not possible to identify the effect of a cohort mortality risk model from that of an adverse selection model …

cyclical increases in income may raise mortality, even when the long-run effects of income are in the opposite direction. There … is no evidence that recent increases in inequality raised mortality beyond what it would otherwise have been …

In this study we develop a multi-factor extension of the family of Lee-Carter stochastic mortality models. We build …) introduce a class of multi-factor stochastic mortality models incorporating time, period, cohort and demographic features, which … we develop within a Bayesian statespace estimation framework; finally e) we develop an efficient combined Markov chain …

Accurate mortality forecasts are of primary interest to insurance companies, pension providers and government welfare … systems due to the rapid increase in life expectancy during the past few decades. Existing mortality models in the literature … tend to project future mortality rates by extracting the observed patterns in the mortality surface. Recently, patterns …

selection criteria is applied to perform the model parameter estimation and mortality rate forecasting …Increasing the accuracy of forecasting of mortality rates and improving the projection of life expectancy is an … for retirement and pension plans. The existence of long memory in mortality data improves the understandings of features …