This paper reviews the literature that describes the micro-level economic and social
consequences of homeownership. We adopt an interdisciplinary approach and include …

The evaluation of the economic efficiency of investment in real estate, involves the appraisal
and comparison of costs and revenues generated from its production and management. In …

Much prior literature on asset patterns among the elderly has mostly overlooked housing
wealth as a determinant of retiree wealth, particularly in the Japanese context. Yet releasing …

Purpose This paper links the literatures on the life-cycle hypothesis, homeownership, home
equity and pensions. Empirically, the focus is on the EU and USA. The paper aims to explore …

This paper analyzes how financial literacy and reported willingness to take financial risk
impact a household's choice of mortgage type. The results show that households reporting …

We study the decision problem of the optimal choice between home equity release products
from a retired homeowner's perspective in the presence of longevity, long‐term care, house …

Reverse mortgages have been obtained by nearly one million senior households. In the
future, the number of eligible households will grow substantially, about 80% are …

The measure of a household's income should include not only monetary components but
also non-monetary components and in-kind benefits, such as imputed rent. Imputed rent is …

Fiduciary responsibilities and related court-imposed liabilities have forced investors to
assess market conditions beyond gut level, resulting in the development of sophisticated …

This paper found that while there are many very satisfied holders of reverse mortgage
products, the nature of the product and of the client group presents a number of risks. The …