|
KMID : 0613620140340010052
|
|
Health Social Welfare Review
2014 Volume.34 No. 1 p.52 ~ p.73
|
|
|
Housing Bequest Incentive
|
|
You Seung-Dong
Kim Ju-Young
|
|
|
Abstract
|
|
|
|
This paper studies housing bequest incentives for old citizens and the incentives are a function of their wealth. Recently, wealth management strategies for the old citizen emphasize life-time consumption rather than bequest. The trend of the strategies leads to an introduction of reverse mortgage products backed by residential houses and agricultural land. Building a simple theoretical model of wealth bequest, the paper provides empirical evidence, using an ordered logit model. The evidence for nation-wide olde citizens suggests that ‘Die Broke’ is a strategy that rich old citizens are not likely to exercise.
|
|
|
KEYWORD
|
|
|
Wealth Management, Housing Bequest, Annuities for Seniors
|
|
|
FullTexts / Linksout information
|
|
|
|
|
|
Listed journal information
|
|
|