| Article ID | Journal | Published Year | Pages | File Type |
|---|---|---|---|---|
| 5076929 | Insurance: Mathematics and Economics | 2012 | 12 Pages |
Abstract
⺠We price reverse mortgages with mortality, interest rate, and housing price risks. ⺠We propose a dimension reduction method to achieve a closed-form solution. ⺠This method accurately prices reverse mortgages with tenure payments.
Keywords
Related Topics
Physical Sciences and Engineering
Mathematics
Statistics and Probability
Authors
Yung-Tsung Lee, Chou-Wen Wang, Hong-Chih Huang,