Rapid population aging in China has urged the need to understand health transitions of older Chinese to assist the development of social security programs and financial products aimed at funding long-term care. In this paper, we develop a new flexible approach to modeling health transitions in a...

Over the last few decades, there has been an enormous growth in mortality modeling as the field of mortality risk and longevity risk has attracted great attention from academic, government and private sectors. In this paper, we propose a time-varying coefficient (TVC) mortality model aiming to...

There has been a rapid growth in life expectancy during the past twenty years, resulting in increased pressure on personal and public finances. The increasing amount of attention paid on longevity risk and funding for old has created the needs for precise mortality models and accurate future...