Using data on joint annuity products, we conduct an analysis of lifetime dependence between the two spouses in a couple. We estimate a mixed proportional hazard model with treatment effects, which disentangles the broken-heart syndrome from the spurious risk correlation induced by observed and...

This paper proposes a multi-population approach to forecasting mortality rates for the less developed countries in a coherent way. The majority of these countries have witnessed faster mortality declines among the young and the working age population, whereas in developed countries, the...

This paper proposes a coherent multi-population approach to mortality forecasting for less developed countries. The majority of these countries have witnessed faster mortality declines among the young and the working age populations during the past few decades, whereas in the more developed...