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  1. Long-term care insurance financing using home equity release: evidence from an online experimental survey evidence from an online experimental survey
    Published: 1-14-2022
    Publisher:  Population Studies Center, [Philadelphia, PA]

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    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    VS 441
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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Series: Population Center Working Papers (PSC/PARC) / Population Studies Center ; 2022, 81
    Subjects: long-term care insurance; housing; reverse mortgages; home reversion; China
    Scope: 1 Online-Ressource (circa 85 Seiten), Illustrationen
  2. Long-Term Care Insurance Financing Using Home Equity Release
    Evidence from an Online Experimental Survey
    Published: 2022
    Publisher:  National Bureau of Economic Research, Cambridge, Mass

    This paper explores new mechanisms to fund long-term care using housing wealth. Using data from an online experimental survey fielded to a sample of 1,200 Chinese homeowners aged 45-64, we assess the potential demand for new financial products that... more

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    Sächsische Landesbibliothek - Staats- und Universitätsbibliothek Dresden
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    Universitätsbibliothek Freiburg
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    Helmut-Schmidt-Universität, Universität der Bundeswehr Hamburg, Universitätsbibliothek
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    Staats- und Universitätsbibliothek Hamburg Carl von Ossietzky
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    Technische Informationsbibliothek (TIB) / Leibniz-Informationszentrum Technik und Naturwissenschaften und Universitätsbibliothek
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    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
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    This paper explores new mechanisms to fund long-term care using housing wealth. Using data from an online experimental survey fielded to a sample of 1,200 Chinese homeowners aged 45-64, we assess the potential demand for new financial products that allow individuals to access their housing wealth to buy long-term care insurance. We find that access to housing wealth increases the stated demand for long-term care insurance. When they could only use savings, participants used on average 5% of their total (hypothetical) wealth to purchase long-term care insurance. When they could use savings and a reverse mortgage, participants used 15% of their total wealth to buy long-term care insurance. With savings and home reversion, they used 12%. Reverse mortgages do not require regular payments until the home is sold, while home reversion involves a partial sale and leaseback. Our results inform the design of new public or private sector programs that allow individuals to access their housing wealth while still living in their homes

     

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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    Series: NBER working paper series ; no. w29689
    Subjects: Pflegeversicherung; Grundeigentum; China
    Scope: 1 Online-Ressource, illustrations (black and white)
    Notes:

    Hardcopy version available to institutional subscribers

  3. Long-term care insurance financing using home equity release
    evidence from an online experimental survey
    Published: [2022]
    Publisher:  CEPAR, ARC Centre of Excellence in Population Ageing Research, [Kensington, NSW]

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    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Keine Rechte
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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Series: Working paper / CEPAR, ARC Centre of Excellence in Population Ageing Research ; 2022, 01
    Subjects: Long-term care insurance; housing; reverse mortgages; home reversion; China
    Scope: 1 Online-Ressource (circa 36 Seiten), Illustrationen