Pensions and housing wealth: Quantitative data on market conditions for equity release schemes in the EU

Peter Hennecke, Pierluigi Murro, Doris Neuberger and Flaviana Palmisano

No 146, Thuenen-Series of Applied Economic Theory from University of Rostock, Institute of Economics

Abstract: Equity release schemes (ERS) may provide pension insurance by liquidating owner-occupied residential property. This paper examines the available data on market conditions for such products in all EU member states to cluster countries. Need for ERS is measured by demographic pressure, risk of poverty for the elderly and pension adequacy. Feasibility of ERS is measured by property and mortgage market indicators. Comparing overall need and feasibility index values we find that market conditions are very heterogonous in EU member states. For instance, while the Netherlands and the UK exhibit favourable ERS conditions, the opposite applies for Germany and Ireland. Hungary and Italy lie in between.

Keywords: ageing; equity release; pensions; homeownership; housing; reverse mortgage (search for similar items in EconPapers)
JEL-codes: D1 G1 J1 R2 R3 (search for similar items in EconPapers)
Date: 2017, Revised 2017
New Economics Papers: this item is included in nep-age and nep-eec
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://www.econstor.eu/bitstream/10419/170488/1/1000308332.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:zbw:roswps:146

Access Statistics for this paper

More papers in Thuenen-Series of Applied Economic Theory from University of Rostock, Institute of Economics Contact information at EDIRC.
Bibliographic data for series maintained by ZBW - Leibniz Information Centre for Economics ().