- Tytuł:
- Effect of Capital Conversion in the Form of a Reverse Mortgage on Benefits for Senior Citizens in Major Cities of Poland
- Autorzy:
-
Buzałek, Przemysław
Czechowska, Iwona Dorota - Powiązania:
- https://bibliotekanauki.pl/articles/2121714.pdf
- Data publikacji:
- 2021-09-03
- Wydawca:
- Uniwersytet Łódzki. Wydawnictwo Uniwersytetu Łódzkiego
- Tematy:
-
household
aging
equity release
reverse mortgage - Opis:
- The aging of population is a common problem in the modern economy and finance. Reverse mortgage is one of alternative ways of raising citizens’ standard of living after retiring by obtaining financial benefits accumulated in a residential property. The aim of the study is to evaluate a role of equity release service in providing additional household income for senior citizens illustrated by the case of a reverse mortgage. This type of service consists in transformation of non-liquid, tied-up in property capital into liquid financial resources. Thanks to capital conversion, senior citizens can supplement retirement benefits without a need to leave their property. The research hypothesis verified in the study stated that benefits paid as equity release in the form of a reverse mortgage provided greater support for women than for men. That hypothesis was rejected.
- Źródło:
-
Finanse i Prawo Finansowe; 2021, Numer Specjalny; 51-66
2391-6478
2353-5601 - Pojawia się w:
- Finanse i Prawo Finansowe
- Dostawca treści:
- Biblioteka Nauki
Artykuł