Reverse mortgage loans (RMLs) allow older homeowners to borrow against housing wealth
without moving. Despite rapid growth in this market, only 1.9% of eligible homeowners had …

This paper studies the estimation of a dynamic spatial panel data model with interactive
individual and time effects with large n and T. The model has a rich spatial structure …

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 …

While reverse mortgages are intended as a tool to enable financial security for older
homeowners, in 2014, nearly 12 percent of reverse mortgage borrowers in the federally …

The primary goal of this article is to inform assumptions used by researchers and
policymakers to model the demand for and takeup of reverse mortgages. Our article …

Using panel data from 2000 to 2012, we show that unanticipated zip code-level shocks to
home values affect retirement, retirement reversals, and Social Security claims. Among older …

Abstract Home Equity Conversion Mortgages (“HECMs”) implicitly bundle nondefaultable
credit lines with put options that let borrowers, or their heirs, sell mortgaged homes for the …

In this study, we examine the feasibility of reverse mortgages in Brazil from the perspectives
of both policyholders and insurers. Reverse mortgage is a financial product where the …

Ageing populations in the Western World over the last few decades have necessitated the
development of financial products to assist older people face the challenges of ageing. One …

Annuities, long-term care insurance and reverse mortgages remain unpopular to manage
longevity, medical and housing price risks after retirement. We analyze low demand using a …