Feasibility Study of Reverse Mortgages for Pension —— A Case of Hangzhou, China
(2011) SIMT08 20111Master of Science in Global Studies
Graduate School
School of Social Work
- Abstract
- Since the aging problem became increasingly serious all around the world, the solution of aged care turns to an important issue which received wide concerning. As China own the one fifth population of the world, a well formed aged care system is urgently needed. The aim of this paper is to explore a possible form to relieve the more and more severe aged care pressure by taking Hangzhou as an empirical case and extent to the whole area of China. According to the life cycle hypothesis and international experiences, the reverse mortgages could be regarded as a new form for pension when considering the situation of Hangzhou. The main subjects of reverse mortgages programme are those society members who are “rich in asserts, poor in cash” and... (More)
- Since the aging problem became increasingly serious all around the world, the solution of aged care turns to an important issue which received wide concerning. As China own the one fifth population of the world, a well formed aged care system is urgently needed. The aim of this paper is to explore a possible form to relieve the more and more severe aged care pressure by taking Hangzhou as an empirical case and extent to the whole area of China. According to the life cycle hypothesis and international experiences, the reverse mortgages could be regarded as a new form for pension when considering the situation of Hangzhou. The main subjects of reverse mortgages programme are those society members who are “rich in asserts, poor in cash” and to improve their life quality by transforming the assets into cash. Thus, this paper will be designed as a case study for testing the feasibility of carrying out reverse mortgages programme in Hangzhou by considering theoretical assumption (individual choice, structure choice and political consideration) and the empirical date (capacity of markets, funds of the operation and social and cultural acceptability). (Less)
Please use this url to cite or link to this publication:
http://lup.lub.lu.se/student-papers/record/1975707
- author
- Wang, Peng LU
- supervisor
- organization
- course
- SIMT08 20111
- year
- 2011
- type
- H2 - Master's Degree (Two Years)
- subject
- keywords
- Life Cycle Hypothesis, Reverse Mortgage, Feasibility Study, Hangzhou, China
- language
- English
- id
- 1975707
- date added to LUP
- 2011-07-06 08:18:42
- date last changed
- 2014-06-16 14:19:16
@misc{1975707,
abstract = {{Since the aging problem became increasingly serious all around the world, the solution of aged care turns to an important issue which received wide concerning. As China own the one fifth population of the world, a well formed aged care system is urgently needed. The aim of this paper is to explore a possible form to relieve the more and more severe aged care pressure by taking Hangzhou as an empirical case and extent to the whole area of China. According to the life cycle hypothesis and international experiences, the reverse mortgages could be regarded as a new form for pension when considering the situation of Hangzhou. The main subjects of reverse mortgages programme are those society members who are “rich in asserts, poor in cash” and to improve their life quality by transforming the assets into cash. Thus, this paper will be designed as a case study for testing the feasibility of carrying out reverse mortgages programme in Hangzhou by considering theoretical assumption (individual choice, structure choice and political consideration) and the empirical date (capacity of markets, funds of the operation and social and cultural acceptability).}},
author = {{Wang, Peng}},
language = {{eng}},
note = {{Student Paper}},
title = {{Feasibility Study of Reverse Mortgages for Pension —— A Case of Hangzhou, China}},
year = {{2011}},
}