Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/170488
Authors: 
Hennecke, Peter
Murro, Pierluigi
Neuberger, Doris
Palmisano, Flaviana
Year of Publication: 
2017
Series/Report no.: 
Thünen-Series of Applied Economic Theory 146
Abstract: 
Equity release schemes (ERS) may provide pension insurance by liquidating owner-occupied residential property. This paper examines the available data on market conditions for such products in all EU member states to cluster countries. Need for ERS is measured by demographic pressure, risk of poverty for the elderly and pension adequacy. Feasibility of ERS is measured by property and mortgage market indicators. Comparing overall need and feasibility index values we find that market conditions are very heterogonous in EU member states. For instance, while the Netherlands and the UK exhibit favourable ERS conditions, the opposite applies for Germany and Ireland. Hungary and Italy lie in between.
Subjects: 
ageing
equity release
pensions
homeownership
housing
reverse mortgage
JEL: 
D1
G1
J1
R2
R3
Document Type: 
Working Paper

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