This paper investigates the scope for alleviating poverty among elderly home-owners in the US by means of reverse mortgages. A reverse mortgage is a loan secured against the home equity owned by the borrower. This loan does not require monthly repayment and the elderly borrower is allowed to use...

"This paper develops a behavioral model of the decision-choice of an elderly homeowner who owns her home free and clear in the starting period. The homeowner is faced with a choice among four scenarios: To maintain status quo by aging in place in a home that is owned free and clear, to sell the...

A variety of reverse mortgage loan programs have been available to elderly households for over a decade. The number of unrestricted reverse mortgage loans issued by the private sector has been quite small. About 12,000 loans have been issued through mid-1992. Some researchers take this to mean...

This paper explores the role of housing-related variables including housing affordability, length of stay, tenure, and neighborhood quality in influencing certain educational and cognitive development outcomes of children in lower income families in the United States. The role of these variables...

This paper extends Becker's model of the household production function of human capital to the production of elderly functionality. In our model, elderly functionality is produced with the direct inputs of assistive devices, personal assistance, and nutritional intake. Education, endowment...