Home Equity in Retirement

2011 ◽  
Author(s):  
Makoto Nakajima ◽  
Irina Telyukova
Keyword(s):  
Home Equity

Home Equity Lines of Credit and the Unemployment Rate – What Does the Evidence Say?

2012 ◽  
Author(s):  
John Phillip Lajaunie ◽  
Norbert J. Michel ◽  
Shari Lawrence ◽  
Ronnie Fanguy
Keyword(s):  
Unemployment Rate ◽  
Home Equity ◽  
Lines Of Credit

Portfolio Choice in Retirement - What is the Optimal Home Equity Release Product?

2013 ◽  
Author(s):  
Katja Hanewald ◽  
Thomas Post ◽  
Michael Sherris
Keyword(s):  
Portfolio Choice ◽  
Home Equity ◽  
Release Product

Incorporating Home Equity into a Retirement Income Strategy

2015 ◽  
Author(s):  
Wade D. Pfau
Keyword(s):  
Retirement Income ◽  
Home Equity

Hedging Home Equity Risk: Examination of a Nobel Idea

2020 ◽  
Author(s):  
Dag Einar Sommervoll ◽  
Steve M. Swidler
Keyword(s):  
Home Equity ◽  
Equity Risk

Home Equity and Labor Income: The Role of Constrained Mobility

2020 ◽  
Author(s):  
Radhakrishnan Gopalan ◽  
Barton Hamilton ◽  
Ankit Kalda ◽  
David Sovich
Keyword(s):  
Law Enforcement ◽  
Labor Income ◽  
Detailed Data ◽  
Job Tenure ◽  
Home Equity ◽  
Employment Opportunities ◽  
Nonlinear Relation ◽  
Local Employment

Abstract Using detailed data for U.S. homeowners, we document a negative, nonlinear relation between the loan-to-value ratio (LTV) of homeowners' primary residence and their labor income. Consistent with high LTV individuals experiencing constrained mobility, we find stronger effects among subprime, liquidity-constrained individuals and those living in regions with limited alternative local employment opportunities and strict noncompete law enforcement. Though high LTV individuals are less likely to move across MSAs, they are more likely to change jobs without changing their residence. We find no effects among similar neighboring renters employed at the same firm and with a similar job tenure.

A Hybrid Equity Release Plan for Retirement Financing

2020 ◽  
Vol 0 (0) ◽  
Author(s):  
Koon-Shing Kwong ◽  
Yiu-Kuen Tse ◽  
Junxing Chay
Keyword(s):  
Property Value ◽  
Front Part ◽  
Home Equity ◽  
Reverse Mortgage ◽  
Home Owner ◽  
Cash Payment ◽  
The Government

AbstractThere are two main equity release plans for retirement financing: reverse mortgage plan and home reversion plan. Both plans entitle the homeowners not only to release cash from their properties but also to allow them living there for life. In the lease buyback scheme (LBS) recently introduced in Singapore, the home owner sells the tail-end of the property lease to the government in exchange for a cash payment upfront. Unlike the two main equity release plans, the LBS only allows the owner to stay in the property for the front part of the lease but not for life. In this paper, we propose a hybrid home equity release plan that incorporates features of the home reversion plan and the LBS. We provide an actuarial framework to analyze the pricing of the hybrid plan, as well as the LBS and home reversion plan. Some numerical illustrations are presented to show the actuarial values of the plan under different choices of plan parameters, such as the lease period and the portion of property value sold. The hybrid plan provides enhanced flexibility to plan takers to meet their retirement needs.

Wealth and preferences for redistribution: The effects of financial assets and home equity in 31 countries

2021 ◽  
pp. 002071522098808
Author(s):  
Liza G Steele
Keyword(s):  
Household Wealth ◽  
Welfare States ◽  
Social Effects ◽  
Financial Assets ◽  
Unemployment Benefits ◽  
Home Equity ◽  
Income Equality ◽  
Financial Wealth ◽  
Preferences For Redistribution ◽  
The Social

How does wealth affect preferences for redistribution? In general, social scientists have largely neglected to study the social effects of wealth. This neglect was partially due to a dearth of data on household wealth and social outcomes, and also to greater scholarly interest in how wealth has been accumulated rather than the social effects of wealth. While we would expect household wealth to be an important component of attitudes toward inequality and social welfare policies, research in this area is scarce. In this study, the relationship between wealth and preferences for redistribution is examined in cross-national global and comparative perspective using data on 31 countries from the 2009 wave of the International Social Survey Programme (ISSP), the first wave of that study to include measures of wealth. The findings presented compare the effects of two types of wealth—financial assets and home equity—and demonstrate that there are differences in effects by asset type and by redistributive policy in question. Financial wealth is more closely associated with attitudes about income equality, while home equity is more closely associated with attitudes about unemployment benefits. Moreover, while the upper categories of financial wealth have the largest negative effects on support for income equality, it is the middle categories of home equity that are most strongly associated with opposition to unemployment benefits. Effects also differ by country, but not in patterns that theories of comparative welfare states nor political economy would adequately explain.

scholarly journals House Prices, Home Equity-Based Borrowing, and the U.S. Household Leverage Crisis

2010 ◽  
Author(s):  
Atif R. Mian ◽  
Amir Sufi
Keyword(s):  
House Prices ◽  
Home Equity ◽  
The U.S
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