Although the economic literature has analyzed some components of the headship decision, study of household formation has been primarily in the realm of demography. We begin with a pure demographic model and expand it to include additional determinants of the decision to remain with parents or...

While reverse mortgages are intended as a tool to enable financial security for older homeowners, in 2014, nearly 12 percent of reverse mortgage borrowers in the federally insured Home Equity Conversion Mortgage (HECM) program were in default on their property taxes or homeowners insurance....

This study follows teens through young adulthood as they transition to independent living. We focus on a little-studied issue: why some youths live in groups rather than alone or with parents. This choice is important because the size of the group has a substantial impact on the demand for...

The nineties have witnessed broad economic growth and prosperity throughout the nation, with improvements in all major indicators of economic well-being. Yet, many rural and urban regions continued to experience economic distress during this period. At the same time, investments in...