mortgage amount influence the share of liquid assets held in stocks. We apply different econometric methods to take selection … and endogeneity into account. In our preferred specifications both home equity and the household's amount of mortgage debt …

mortgage amount influence the share of liquid assets held in stocks. We apply different econometric methods to take selection … and endogeneity into account. In our preferred specifications both home equity and the household's amount of mortgage debt …

This paper studies a household's optimal demand for a reverse mortgage. These contracts allow homeowners to tap their … home equity to finance consumption needs. In stylized frameworks, we show that the decision to enter a reverse mortgage is … reduces the risky portfolio share and is more likely to enter a reverse mortgage. On the other hand, if there is a large drop …

found for the reverse mortgage, as its product features allow for higher lump-sum payouts and provide downside protection …

found for the reverse mortgage, as its product features allow for higher lump-sum payouts and provide downside protection …

inflation. Mortgage taking is one of the major financial decisions that fit into the prediction. Consistent with the model, I … find households increase mortgage takings when their corresponding income-specific inflation is high. I use the Chinese …

having access to either one of the two equity release products. Higher utility gains are found for the reverse mortgage as …