지원사업
학술연구/단체지원/교육 등 연구자 활동을 지속하도록 DBpia가 지원하고 있어요.
커뮤니티
연구자들이 자신의 연구와 전문성을 널리 알리고, 새로운 협력의 기회를 만들 수 있는 네트워킹 공간이에요.
초록· 키워드
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This study explore the effect of reverse annuity mortgage whether it improves the income level of the elderly households. Using KLIPS(4th - 11st, 2001 - 2008), we analyze the hypothetical situation that the applicable elderly households applies for the current reverse mortgage annuity provided by Korean Housing and Finance Corporation(KHFC). We hypothesize that the current reverse annuity mortgage does have a positive effect on the income level for the elderly households through allowing wealth effect and mitigating their financial hardship.
We find that the elderly households show their relatively low elasticity toward home price changes compared to the other households. Furthermore, the hypothetical situation where the elderly households apply for reverse annuity mortgage demonstrate the positive wealth effect and help mitigate their overall income level.
목차
등록된 정보가 없습니다.
참고문헌 (25)
참고문헌 신청
Campbell, J. / 2007 / How Do House Prices Affect Consumption? Evidence from Micro data / Journal of Monetary Economics 54 (3) : 591 ~ 621
Case, K. / 2005 / Comparing Wealth Effects : The Stock Market versus the Housing Market / Advances in Macroeconomics 5 (1) : 1 ~ 32
J. M. Wooldridge / 2002 / Econometric analysis of cross section and panel data / The MIT Press
Kotlikoff, Laurence J / 1981 / The Role of Intergenerational Transfers in Aggregate Capital Accumulation / Journal of Political Economy 89 (4) : 706 ~ 732
Poterba, J / 2001 / Demographic Structure and Asset Returns / The Review of Economics and Statistics 83 (4) : 565 ~ 584
Case, K. / 2005 / Comparing Wealth Effects : The Stock Market versus the Housing Market / Advances in Macroeconomics 5 (1) : 1 ~ 32
J. M. Wooldridge / 2002 / Econometric analysis of cross section and panel data / The MIT Press
Kotlikoff, Laurence J / 1981 / The Role of Intergenerational Transfers in Aggregate Capital Accumulation / Journal of Political Economy 89 (4) : 706 ~ 732
Poterba, J / 2001 / Demographic Structure and Asset Returns / The Review of Economics and Statistics 83 (4) : 565 ~ 584
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