Real Estate Pension Schemes: Modeling and Perspectives

Valeria D’Amato (), Emilia Di Lorenzo (), Gabriella Piscopo (), Marilena Sibillo () and Roberto Tizzano ()
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Valeria D’Amato: University of Salerno, Pharmacy Department, Campus Universitario
Emilia Di Lorenzo: University of Naples Federico II, Department of Economic and Statistical Sciences
Gabriella Piscopo: University of Naples Federico II, Department of Economic and Statistical Sciences
Marilena Sibillo: University of Salerno, Department of Economics and Statistics, Campus Universitario
Roberto Tizzano: University of Naples Federico II, Department of Economic and Statistical Sciences

Chapter Chapter 26 in Quantitative Methods in Demography, 2022, pp 403-414 from Springer

Abstract: Abstract The paper is focused on a contractual scheme where an immediate life annuity is obtained by paying a single premium in the form of real estate rights (RERs). Such contract is framed within the varied macrocosm of personal pension products, that proves to be an increasingly attractive and scientifically stimulating tool in the economic and social context in which we currently find ourselves. The basic structure requires the lender to pay the borrower/homeowner a life annuity against a part or the totality of the future liquidation value of his home at the time of his death. In this work we will explore some characteristics of the product, paying attention to the risk sources which impact on it.

Keywords: Real Estate financial market; Demographic risk; Reverse mortgage (search for similar items in EconPapers)
Date: 2022
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DOI: 10.1007/978-3-030-93005-9_26

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