elderly homeowners' decision to obtain reverse mortgage loans. The findings of this study suggest that very few homeowners … participated in the reverse mortgage market, and homeowners younger than 67 were less likely to have reverse mortgage loans … reverse mortgage loans. Further analyses reveal that among the reverse mortgage participants, homeowners with long-term care …

In this paper, we suggest a Bayesian multivariate approach for pricing a reverse mortgage, allowing for house price … three risk components simultaneously. Our numerical results based on Australian data suggest that a reverse mortgage would …