The Potential Role of Housing Equity in a Looming Baby Boomer Retirement Cash-flow Crisis: An Australian Perspective
作者： Dianne Johnson , Andrew Worthington , Mark Brimble
DOI: 10.1080/14036096.2015.1012275
关键词: Equity risk 、 Developed country 、 Financial asset 、 Economics 、 Financial instrument 、 Labour economics 、 Market liquidity 、 Finance 、 Panel data 、 Equity (finance) 、 Cash flow
摘要: AbstractWith Australia’s 5.5 million “baby boomer” generation and tens of millions others around the world now transitioning into retirement, government community resources for developed world’s rapidly ageing populations are increasingly stretched. A key emerging problem is that some retirees do not have sufficient asset liquidity to finance post-retirement consumption needs. This seemingly despite households holding substantial assets in form housing equity many countries. The family home has potential change from a direct investor private financial more flexible, securitized, instrument. purpose this paper was examine role supporting retirement income needs easing stress later retirement. also examines new instruments tailored seeking decumulate at low cost. Incorporating panel data Household, Income Lab...
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