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 …

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 …

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 …

We solve for optimal consumption and portfolio choice in a life-cycle model with short-sales
and borrowing constraints; undiversifiable labor income risk; and a predictable, time-varying …

We study the role of housing wealth for the financing of retirement consumption, focusing on
the design of the financial products that allow households to tap into their home equity. Our …

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This chapter considers the structure of mortgage finance in the United States and its role in
shaping patterns of homeownership, the nature of the housing stock, and the organization of …

The mortgage market collapse which followed the burst of the housing bubble in 2007 led to
unprecedented levels of mortgage default, mortgage foreclosure, and housing vacancies …

In Spain, as in other European countries, the continuous ageing of the population creates a
need for long-term care services and their financing. However, in Spain the development of …

This article introduces the special issue of Journal of Housing Economics “Life Cycle
Consumption”, intended to honor the 40th anniversary of the landmark paper (Artle and …