Economic Factors Influencing Indian Older Homeowners' Decision to Opt for Reverse Mortgage: An Empirical Investigation. (Record no. 52675)
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| 000 -LEADER | |
|---|---|
| fixed length control field | 02022nam a2200193 4500 |
| 003 - CONTROL NUMBER IDENTIFIER | |
| control field | OSt |
| 005 - DATE AND TIME OF LATEST TRANSACTION | |
| control field | 20190928153154.0 |
| 008 - FIXED-LENGTH DATA ELEMENTS--GENERAL INFORMATION | |
| fixed length control field | 190928b ||||| |||| 00| 0 eng d |
| 100 ## - MAIN ENTRY--PERSONAL NAME | |
| Personal name | Gupta, Sarita |
| 9 (RLIN) | 34753 |
| 245 ## - TITLE STATEMENT | |
| Title | Economic Factors Influencing Indian Older Homeowners' Decision to Opt for Reverse Mortgage: An Empirical Investigation. |
| 300 ## - PHYSICAL DESCRIPTION | |
| Extent | 25-38 p. |
| 520 ## - SUMMARY, ETC. | |
| Summary, etc | The paper investigates what economic factors contribute most to the uptake of reverse mortgage by the Indian elderly homeowners. Binary logistic regression is used on a cross-sectional primary dataset of 410 elderly homeowners residing in different metro and non-metro cities of India. The result reveals that economic factors play an important role in reverse mortgage decision making. Coefficients related to employment status, income, cash sufficiency, insurance and financial wellbeing of the children are found to be significant factors that influence the elderly homeowners in opting for reverse mortgage. Being employed, cashconstrained and absence of insurance are significant and positive determinants of reverse mortgage uptake, while higher family income of elderly homeowners significantly reduces the probability in reverse mortgage participation. Further, the results indicate that financial wellbeing of children plays a significant and positive role in uptake of reverse mortgage by parents. Possession of high home equity and financial assets does not contribute significantly to reverse mortgage uptake. Overall results suggest that more liberal provisions like enhancing the cap of loan limit and higher Loan to Value (LTV) ratio should be introduced so that it can work like a cushion for elderly homeowners in their later life. [ABSTRACT FROM AUTHOR] |
| 653 ## - INDEX TERM--UNCONTROLLED | |
| Uncontrolled term | Reverse mortgage loans |
| Uncontrolled term | Personal finance |
| Uncontrolled term | Equity (Real property) |
| 700 ## - ADDED ENTRY--PERSONAL NAME | |
| Personal name | Kumar, Sanjay |
| 9 (RLIN) | 34754 |
| 773 0# - HOST ITEM ENTRY | |
| Host Biblionumber | 33027 |
| Host Itemnumber | 76972 |
| Main entry heading | MURTHY, E N |
| Place, publisher, and date of publication | HYDERABAD IUP PUBLICATION |
| Other item identifier | 55510925 |
| Title | MANAGEMENT RESEARCH |
| 942 ## - ADDED ENTRY ELEMENTS (KOHA) | |
| Source of classification or shelving scheme | Dewey Decimal Classification |
| Koha item type | Journal Article |
| Withdrawn status | Lost status | Source of classification or shelving scheme | Damaged status | Not for loan | Home library | Current library | Date acquired | Total Checkouts | Full call number | Barcode | Date last seen | Price effective from |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dewey Decimal Classification | Main Library | Main Library | 28/09/2019 | Vol 18, No 3/ 55510925JA2 | 55510925JA2 | 28/09/2019 | 28/09/2019 |