scholarly journals Effect of Capital Conversion in the Form of a Reverse Mortgage on Benefits for Senior Citizens in Major Cities of Poland

2021 ◽  
pp. 51-66
Author(s):  
Przemysław Buzałek ◽  
Iwona Dorota Czechowska
Keyword(s):  
Household Income ◽  
Senior Citizens ◽  
Standard Of Living ◽  
Residential Property ◽  
Reverse Mortgage ◽  
Retirement Benefits ◽  
Modern Economy ◽  
Financial Benefits ◽  
Capital Conversion

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.

scholarly journals Effect of capital conversion in the form of a reverse mortgage on benefits for senior citizens in major cities of Poland

2020 ◽  
Vol 1 (25) ◽  
pp. 11-27
Author(s):  
Przemysław Buzałek ◽  
Iwona Dorota Czechowska
Keyword(s):  
Household Income ◽  
Senior Citizens ◽  
Standard Of Living ◽  
Residential Property ◽  
Reverse Mortgage ◽  
Retirement Benefits ◽  
Modern Economy ◽  
Financial Benefits ◽  
Capital Conversion

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.

scholarly journals Debt and Sacrifice: The Role of Scapegoats in the Economic Crises

Religions ◽  
2021 ◽  
Vol 12 (2) ◽  
pp. 128
Author(s):  
Luis Enrique Alonso ◽  
Carlos J. Fernández Rodríguez
Keyword(s):  
Financial Markets ◽  
Social Relations ◽  
Critical Role ◽  
Social Groups ◽  
Symbolic Violence ◽  
Personal Bankruptcy ◽  
Economic Relations ◽  
Modern Economy ◽  
Standards Of Living

Despite the process of secularization and modernization, in contemporary societies, the role of sacrifice is still relevant. One of the spaces where sacrifice actually performs a critical role is the realm of modern economy, particularly in the event of a financial crisis. Such crises represent situations defined by an outrageous symbolic violence in which social and economic relations experience drastic transformations, and their victims end up suffering personal bankruptcy, indebtedness, lower standards of living or poverty. Crises show the flagrant domination present in social relations: this is proven in the way crises evolve, when more and more social groups marred by a growing vulnerability are sacrificed to appease financial markets. Inspired by the theoretical framework of the French anthropologist René Girard, our intention is to explore how the hegemonic narrative about the crisis has been developed, highlighting its sacrificial aspects.

scholarly journals Role of SES on the association between childhood parental death and adulthood suicidal ideation: a mediation analysis using longitudinal dataset in South Korea

2021 ◽  
Vol 21 (1) ◽  
Author(s):  
Jaehong Yoon ◽  
Ja Young Kim ◽  
Ji-Hwan Kim ◽  
Seung-Sup Kim
Keyword(s):  
Suicidal Ideation ◽  
South Korea ◽  
Mediation Analysis ◽  
Household Income ◽  
Parental Death ◽  
Middle Adulthood ◽  
Late Adulthood ◽  
Mediating Role ◽  
Direct Association

Abstract Background We sought to examine the association between childhood experience of parental death (CEPD) and adulthood suicidal ideation, and the mediating role of adulthood SES in the association. Methods We analyzed a nationally representative dataset of 8609 adults from the Korea Welfare Panel Study, which is a longitudinal cohort dataset in South Korea. CEPD was measured using a question: “During your childhood (0-17 years old), have you experienced the death of parents?” We classified responses of CEPD during 2006–2011 into ‘yes,’ and the others into ‘no.’ Suicidal ideation over the past year was assessed annually during 2012–2019. As a potential mediator, adulthood educational attainment and household income in 2011 were included in the analysis. Logistic regression was applied to examine the association of CEPD with adulthood suicidal ideation across age groups (early adulthood, 19–39 years old; middle adulthood, 40–59 years old; late adulthood, ≥60 years old), after excluding people who reported lifetime suicidal ideation in 2011. Causal mediation analysis using a parametric regression model was applied to examine the mediating role of adulthood SES in the association between CEPD and adulthood suicidal ideation. Results After adjusting for potential confounders including childhood SES, CEPD was significantly associated with adulthood suicidal ideation among the late adulthood group (OR: 1.43; 95% CI: 1.13–1.81), while the association was not statistically significant among the early; and middle adulthood groups. In mediation analysis of adulthood household income, both indirect association (ORNIE: 1.05; 95% CI: 1.02–1.09) and direct association (ORNDE: 1.37; 95% CI: 1.09–1.73) were statistically significant among the late adulthood group. In the mediation analysis of adulthood education attainment among the late adulthood, only a direct association was statistically significant (ORNDE: 1.43; 95% CI: 1.14–1.80). Conclusions These results suggest that CEPD could be a risk factor for adulthood suicidal ideation. Furthermore, the findings imply that income security policy might be necessary to reduce suicide among the late adulthood group.

scholarly journals Extra Health and Health-Related Costs of Living With Frailty Among Rural and Urban Elders in China

2020 ◽  
Vol 4 (Supplement_1) ◽  
pp. 78-78
Author(s):  
Yalu Zhang ◽  
Ada Mui
Keyword(s):  
Chronic Diseases ◽  
Household Income ◽  
Statistical Significance ◽  
Healthcare Services ◽  
Standard Of Living ◽  
Medical Needs ◽  
Rural And Urban ◽  
Need Support ◽  
Health Related ◽  
Rural Elders

Abstract Growing attention has been focused on how to improve the affordability and accessibility of healthcare services, especially for elders (aged 55 and above) who have higher levels of medical needs. Following the standard of living approach, which assumes that people’s standard of living would be negatively affected if additional needs (i.e., healthcare) arise at a given level of household income, this secondary research examines elders’ extra health and health-related costs of having chronic diseases and disabilities in rural (n=5,509) and urban (n=3,225) areas of China. Bivariate analyses show there were no significant differences between rural and urban groups in terms of the prevalence of having one or more chronic diseases (56% vs. 58%) and at least one type of disability (15% vs. 13%). Multivariate analyses indicate that living with chronic diseases incurred more extra costs for rural elders than their urban peers, after controlling for individual and household characteristics. On average, rural elders who had at least three chronic medical conditions would spend 108.3% more on medical services than those who had no chronic disease; elders with at least two types of disabilities would spend 59.8% more than those with no disability. The extra health-related costs were boosted when people had at least one type of disability (63.6%), but this was not the case for those who had chronic diseases. Statistical significance was not found among urban elders in China regarding both health and health-related expenditures. The results suggest that rural elders need support to manage their chronic health conditions.

Rural marketing: A developmental approach

1985 ◽  
Vol 10 (3) ◽  
pp. 315-326 ◽  
Author(s):  
K.L.K. Rao ◽  
Ramesh G. Tagat
Keyword(s):  
Quality Of Life ◽  
Rural Society ◽  
Standard Of Living ◽  
Corporate Sector ◽  
Developmental Approach ◽  
Rural People ◽  
The Government ◽  
Interactive Activity

The paper argues for a new role for rural marketing, namely, that of delivering a better standard of living and quality of life for the rural people. It discusses the role of conflict, corporation, and competition in the modernization of rural society brought by rural marketing. It conceptualizes rural marketing as an interactive activity in which the major participants are the government, voluntary agencies, the corporate sector, and the rural clientele, each with its distinctive activities, mode of operating, and stake.

Revitalising Waqf (endowment) lands for agribusiness: potentials of the anchor company models

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Norfaridah Ali Azizan ◽  
Amirul Afif Muhamat ◽  
Sharifah Faigah Syed Alwi ◽  
Husniyati Ali ◽  
Amalia Qistina Casteneda Abdullah
Keyword(s):  
Household Income ◽  
Design Methodology ◽  
Potential Role ◽  
Islamic Law ◽  
Living Condition ◽  
Previous Literature ◽  
Content Type ◽  
Muslim Countries ◽  
The Right

PurposeWaqf (endowment) lands constitute as among the highest types of waqf (endowment) properties in Malaysia; yet it is still unable to reach its maximum potential due to various challenges such as capital, location, legal and administrative issues. Therefore, this study intends to explore these issues by focussing on the two states in Malaysia (Selangor and Perak) that have fertile lands but different management authorities.Design/methodology/approachThere were series of interviews that had been conducted with ten (10) key informants who are experts and practitioners in the areas of Shariah (Islamic law), farming, agribusiness, land management and waqf.FindingsFindings exhibit that constraints and challenges that had been highlighted in the previous literature still exist (although some improvements had been made), but there is emerging theme that the study intends to highlight which is on the needs to secure market for the agribusiness produce and the potential role of anchor company in the agribusiness. It is pertinent that for agribusiness to thrive, selecting the right anchor company that has the capacity to address the challenges is necessary. This study posits two anchor company models (Waqf Trustee-Anchor Company and Waqf Trustee-Anchor Company-Community Farmers) that can be applied for agribusiness on the waqf lands.Research limitations/implicationsThis study is based on the Malaysia's context influenced by specific country's features. Nevertheless, such findings can still be used as reference or benchmark by other endowment trustees in other countries especially for the Muslim countries as well as the non-Muslim countries that have significant Muslim populations.Social implicationsThe suggested models have potentials to improve the living condition of the B40 (below 40% household income) in Malaysia because the models encourage their participation in the agribusiness activities.Originality/valueThis study focusses on the agribusiness, which is rarely being given attention in previous literature in the context of endowment lands. Therefore, this article bridges the literature gap and at the same time attempts to provide suggestion to address the pertinent issue – the underutilised endowment lands.

The Role of Female’s Participation in Economic Activity to Household Income The Case of Mizan Aman Town, South Nation Nationality And People’s Region, Ethiopia

2021 ◽  
Author(s):  
Kemal Omer Ahmed
Keyword(s):  
Household Income ◽  
Simple Random Sampling ◽  
Linear Regression Method ◽  
Economic Activities ◽  
Factors Affecting ◽  
Household Decision ◽  
Secondary Sources ◽  
Women's Participation ◽  
Descriptive Method

Abstract The main aim of the study was to examine the role of females' economic participation in household income. To achieve this objective both primary and secondary sources of data were collected from 400 sample size using simple random sampling method. The obtained data were first analyzed using a descriptive method to describe socio-economic characteristics of women in the study area. Secondly, to identify determinants of women’s participation in economic activities and household decision-making process logit model was employed and finally, multiple linear regression method was applied to identify factors affecting the level of women's contribution to household income. The result shows that female participation in economic activities positively determines by women's training and woman’s education level and is negatively affected by the presence of children under five years of age. The contribution of women to household income on average was estimated birr 32,400.50 per annum which was nearly 36.8percent of the overall household income. The possible recommendation is government and other respective bodies must encourage women to learn more and more.

PROSPECTS FOR THE USE OF WOMEN'S LABOR IN RURAL HOUSEHOLDS

2021 ◽  
Vol 4 (5) ◽  
pp. 63-69
Author(s):  
Sherzod Turobov ◽  
◽  
Bakhriddin Fakhriddinov
Keyword(s):  
Household Income ◽  
Commercial Banks ◽  
Government Policies ◽  
Entrepreneurial Activity ◽  
Women's Labor ◽  
Women’S Entrepreneurship ◽  
Women's Entrepreneurship ◽  
Effective Use ◽  
Family Entrepreneurship

The article reveals the development of women's entrepreneurship by increasing the activity of households in agriculture, the main directions of entrepreneurial activity and the role of entrepreneurship in increasing household income. Government policies, lending and incentives are discussed with the aim of expanding home entrepreneurship. The level of concessional loans provided to households by the central bank and commercial banks is considered in detail. Recommendations are given on the effective use of female labor in rural entrepreneurship.Keywords: women's labor, women's entrepreneurship, home business, entrepreneurship, subsidiary farming, agriculture, gender equality, citizens' gathering, income, personal household plots, employment, crediting, subsidies, family entrepreneurship

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