Economic Feasibility of Reverse Mortgage Finance for the Elderly Housing Welfare
Economic Feasibility of Reverse Mortgage Annuity for the Elderly Housing Welfare
1
조회
0
다운로드
10
인용
0
참고문헌
초록
본 논문은 노인가구주의 주거안정과 생활안정을 위해, 주택가격, 전세가격, 3년만기 회사채 수익률자료를 이용하여 한국주택시장에서의 역저당제도의 경제적 타당성을 분석하는 데 목적이 있다. 이 논문은 위의 세 가지 시계열시리즈 자료를 활용하여, 주택자산의 비유동화에 따른 비용과 가능한 월역저당연금액을 분석하였다. 분석 결과, 역저당 연금 제도가 한국 주택 시장에서 경제적인 타당성이 있으며, 또한 많은 잠재적인 수요가 있는 것으로 판명되었다. 따라서 노후 복지를 위해서는 노인 가구가 소유하고 있는 주택자산을 유동화하여 주택에 대한 소유권을 보장하면서, 주거안정과 생활안정을 동시에 보장할 수 있는 역저당제도가 시급히 도입되어야 할 것으로 판단된다.
Abstract
>This study analyzed the economic feasibility of reverse mortgage system in the Korean housing market using the data of housing and Chonsei price, and three years maturity corporate bond in order to solve the shortage of living cost of elderly homeowners. Using these time series data, this paper analyzed the non-liquidation costs of housing assets and monthly reverse mortgage annuity amount. The result shows that the reverse mortgage system is economically feasible in the Korean housing market and there are a lot of potential demanders. Therefore, this paper will contribute to suggest some policy implications for the guarantee of living cost of the Korean elderly households.
참고문헌 (15)
- Boehm, T. P., "“Are Reverse Mortgages Suitable Bank Investments?, ”", pp.40~45 (1992)
- “Reverse Mortgages, "” Journal of the American Real Estate and Urban Economics Association", 22, pp.387~408 (1994)
- Case, "Preliminary Evaluation of the HECM Reverse Mortgage Program Journal of the American Real Estate and the Urban Economics Association", 22, pp.301~346 (1994)
- Cho, Deokho, "A Study on the Life-Time Housing Model", 32(1), pp.143~161 (1997)
- Cho, Deokho, "A Reverse Mortgage Model and Housing Asset Conversion Program", pp.74~101 (1997)
- Cho, Deokho, "Reverse Mortgage Model and A New Housing Finance System", 220, pp.25~46 (2000)
- Lim, Kyoungsoo, "The Reverse Mortgage System and the Development of Welfare Model for the Elderly", 24(1), pp.65~85 (1999)
- Lim, Kyoungsoo, "A Feasibility of the Reverse Mortgage System for the Residential Stabilization of the Elderly", 19(1), pp.1~13 (1999)
- Ma, Seungryul, "A Study on Long-Term Forecasting Method of Real Estate Prices for Reverse Annuity Mortgage System", pp.55~83 (2003)
- Mayer, "Reverse Mortgages and the Liquidity of Housing Wealth", 22, pp.235~255
- Mayer, "“A New Look at Reverse Mortgages", pp.~26 (1994)
- Finkel, "“Potential Beneficiaries for Reverse Mortgage Products for Elderly Homeowners An Analysis of AHS Data ” Journal of the American Real Estate and Urban Economics Association", 22, pp.257~299 (1994)
- E. J, "” Journal of the American Real Estate and Urban Economics Association", szyma 22(ski), pp.347~366 (1994)
- Szymanoski, E. J, "Evaluation Report of FHA's Home Equity Conversion Mortgage Insurance Demonstration", szyma(ski) (2000)
- You, Sunjong, "A Study on the Reverse Mortgage System in Japan", 33(4), pp.106~122 (1998)