Exploring the rise of mortgage borrowing among older Americans

Collins, Michael J., Erik Hembre, and Carly Urban. “Exploring the rise of mortgage borrowing among older Americans”. CRR WP 2018-3, Chestnut Hill, Mass.: Center for Retirement Research at Boston College, May 2018. http://hdl.handle.net/2345/bc-ir:108012.
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Abstract

This paper documents and examines the rise in mortgage usage among older Americans over the past 30 years. It uses data from a variety of sources including the Health and Retirement Study, Decennial Census, American Community Survey, Survey of Consumer Finances, and the American Housing Survey. We begin by documenting the large increase in mortgage usage among older Americans across age and income distributions. We then use regression analysis to test for causes of the mortgage increase and subgroup heterogeneity, in particular focusing on changing health, bequest motives, and tax policy incentives.

Title
Exploring the rise of mortgage borrowing among older Americans
Author
Collins, Michael J.
Hembre, Erik
Urban, Carly
Center
Center for Retirement Research
Genre
working paper
Date Issued
May 2018
Publisher
Center for Retirement Research at Boston College
Series Title
CRR WP
Series Number
2018-3
Persistent Link
http://hdl.handle.net/2345/bc-ir:108012
Use Restrictions
These materials are made available for use in research, teaching and private study, pursuant to U.S. Copyright Law. The user must assume full responsibility for any use of the materials, including but not limited to, infringement of copyright and publication rights of reproduced materials. Any materials used for academic research or otherwise should be fully credited with the source. The publisher or original authors may retain copyright to the materials.
Subject
Financing Retirement

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