Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/44549
Authors: 
Määttänen, Niku
Valkonen, Tarmo
Year of Publication: 
2008
Series/Report no.: 
ETLA discussion paper 1141
Abstract: 
We study the extent to which retired households in Finland could supplement their mandatory pension benefits by releasing their equity. We also consider the tax treatment of different financial products that turn wealth into an income stream. In addition, we use a life cycle consumption-savings model to study which kind of households' in Finland would benefit the most from life annuities.
Subjects: 
Equity release
taxation
life annuities
JEL: 
D14
G22
H24
Document Type: 
Working Paper

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