Mortgage Borrowing and Chronic Disease Outcomes in Older Age: Evidence From Biomarker Data in the Health and Retirement Study
Alec Rhodes,
Stephanie Moulton,
Cäzilia Loibl
et al.
Abstract:Objective
The medical diagnosis of a disease is common in older age and can carry significant financial costs. For many older adults, equity in a home is their primary component of wealth; however, housing wealth is illiquid. We analyze the relationship between the liquidation of housing wealth through mortgage borrowing on older homeowners’ ability to successfully control a disease.
Methods
We use data on homeowners age 65 a… Show more
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