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Feasibility Study of Reverse Mortgages for Pension —— A Case of Hangzhou, China

Wang, Peng LU (2011) SIMT08 20111
Master 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)
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author
Wang, Peng LU
supervisor
organization
course
SIMT08 20111
year
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},
  keyword      = {Life Cycle Hypothesis,Reverse Mortgage,Feasibility Study,Hangzhou,China},
  language     = {eng},
  note         = {Student Paper},
  title        = {Feasibility Study of Reverse Mortgages for Pension —— A Case of Hangzhou, China},
  year         = {2011},
}