Description

• Title:
  Effect of Capital Conversion in the Form of a Reverse Mortgage on Benefits for Senior Citizens in Major Cities of Poland
• Creator:
  Buzałek, Przemysław;
  Czechowska, Iwona Dorota
• Contributor:
  Buzałek, Przemysław - University of Lodz, The Faculty of Economics and Sociology;
  Czechowska, Iwona Dorota - University of Lodz, The Faculty of Economics and Sociology;
  Buzałek, Przemysław - joffl@uni.lodz.pl;
  Czechowska, Iwona Dorota - joffl@uni.lodz.pl
• Description:
  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.
• Object availability:
  free access
• Rights: https://creativecommons.org/licenses/by-nc-nd/4.0
• Date:
  2021.09.06;
  2021.09.03
• Type:
  Article
• Language:
  English
• Format:
  application/pdf
• Publisher:
  Wydawnictwo Uniwersytetu Łódzkiego
• Relation:
  Finanse i Prawo Finansowe
• Subject:
  household;
  aging;
  equity release;
  reverse mortgage
• Identyfikator:
  2391-6478;
  http://hdl.handle.net/11089/38987 ;
  2353-5601;
  10.18778/2391-6478.S.2021.03
• Dostawca danych:
  Repozytorium Uniwersytetu Łódzkiego
• Can I use it?:
  check license
• Type:
  image