The paper investigates what economic factors contribute most to the uptake of reverse mortgage by the Indian elderly homeowners. Binary logistic regression is used on a cross-sectional primary dataset of 410 elderly homeowners residing in different metro and non-metro cities of India. The result...

A sharp debate in the context of life cycle literature is whether older homeowners look at their housing wealth as a means to satisfy post-retirement income needs. Little empirical evidence exists in the Indian context which investigates whether Indian older homeowners save or dissave home...

The Government of India introduced Reverse Mortgage (RM) scheme in 2007 as a social security scheme which renders an opportunity for aging India to convert vast illiquid housing assets into regular cash streams. This paper makes an attempt to examine whether Indian elderly homeowners from metro...