A Microeconomic Model for the Decision of Reverse Mortgage Borrowers to Sell their House Early and its Application on the Estimation of Termination Rates
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DOI: 10.1007/s11146-019-09725-9
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Cited by:
- Yung-Tsung Lee & Tianxiang Shi, 2022. "Valuation of Reverse Mortgages with Surrender: A Utility Approach," The Journal of Real Estate Finance and Economics, Springer, vol. 65(4), pages 593-621, November.
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Keywords
Reverse mortgage; Early selling of house; Optimal decision; Random death time; Stochastic housing Price;All these keywords.
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