Is the home equity conversion mortgage in the United States sustainable? Evidence from pricing mortgage insurance premiums and non-recourse provisions using the conditional Esscher transform

DOI10.1016/j.insmatheco.2009.12.003zbMath1231.91154OpenAlexW3124353576MaRDI QIDQ659238

Hua Chen, Shaun S. Wang, S. H. jun. Cox

Publication date: 10 February 2012

Published in: Insurance Mathematics \& Economics (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1016/j.insmatheco.2009.12.003

zbMATH Keywords

conditional Esscher transformhome equity conversion mortgage (HECM)mortality modelingnon-recourse provision

Mathematics Subject Classification ID

Economic models of real-world systems (e.g., electricity markets, etc.) (91B74)

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