Elsa Fornero|Mariacristina Rossi|Maria Cesira Urzì Brancati
Explaining why, right or wrong, (Italian) households do not like reverse mortgages
Collegio Carlo Alberto|University of Turin|Collegio Carlo Alberto|University of Turin|Collegio Carlo Alberto|University of Modena and Reggio Emilia
abstract investigate determinants interest reverse mortgages rm sample italian homeowners find majority individuals belonging categories identified basis economic analysis main potential beneficiaries ie women elderly house richcash poor individuals fact less likely express interest allowing individual characteristics find results remain robust notice risk aversion negative expectations ones standard living retirement predict higher interest product results suggest rm perceived much ordinary instrument achieve better standard living rather remedy poor consumption