primarily changes income and expenditure patterns, widowhood fundamentally changes the structure of the household. Beside high … consumption are lost. This paper applies the Lewbel and Pendakur (2008) collective household model to expenditure data on elderly … households in Switzerland. The findings suggest that between 40 and 50% of household resources are assigned to wives and both …

an option to convert the loan balance to a reverse mortgage at age 65 if the value of the home exceeds its residual value …

, since most housing is not simply financed out of current cash holdings but by mortgages, the institutions on mortgage … population) as well in mortgage markets have led to a structural break in the effect of housing wealth on consumption in the mid …Much of the literature on the effect of housing wealth on consumption has been embedded in a simple life-cycle model in …

, since most housing is not simply financed out of current cash holdings but by mortgages, the institutions on mortgage … population) as well as in mortgage markets have led to a structural break in the effect of housing wealth on consumption in the …Much of the literature on the effect of housing wealth on consumption has been embedded in a simple life-cycle model in …

elderly in one such instrument, the reverse mortgage. We draw from a unique dataset, UniCredit's 2007 survey on household …

Many elderly people could markedly increase they standard of living by releasing housing equity. Purchase of a life … different forms of housing equity release. We take into account the fact that most households have most of their wealth in the … form of owner housing and that housing enjoys a tax-favoured status relative to most other forms of consumption and savings …