@article{ART002493843},
author={Kim, Hun},
title={The Study on effect for old-age income guarantee system on housing pension},
journal={Public Land Law Review},
issn={1226-251X},
year={2019},
volume={87},
pages={863-883}
TY - JOUR
AU - Kim, Hun
TI - The Study on effect for old-age income guarantee system on housing pension
JO - Public Land Law Review
PY - 2019
VL - 87
IS - null
PB - Korean Public Land Law Association
SP - 863
EP - 883
SN - 1226-251X
AB - A reverse mortgage loan is a mortgage loan for which a financial institution pays pensions to the borrower with his or her residential property as security. It allows the aged who do not have a sufficient, stable source of income to securitize their real estate and, thereby, secure stable income during their old age. For instance, in comparative estimation of public pension and reverse mortgage loan as a source of income during old age, the aged can secure the primary safety net through the National Pension; supplement the income through a private retirement pension as the secondary safety net; and, if needed, receive additional income through the reverse mortgage loan as the tertiary safety net. By comparing the effects of a reverse mortgage loan to those of the public pension, it is possible to investigate the effects of the loan as guaranteed income during old age in more details. In addition, this study also looked into differences in house ownership and inheritance, among others, between Baby Boomers and their children, which can affect the application rate of reverse mortgage loans. Lastly, the findings and implications of this study were discussed and its limitations would be further investigated in future research.
KW - Ageing Society;Baby Boomer;Reverse Mortgage;Income Security for Elderly;Elderly Poverty Rate
DO -
UR -
ER -
Kim, Hun. (2019). The Study on effect for old-age income guarantee system on housing pension. Public Land Law Review, 87, 863-883.
Kim, Hun. 2019, "The Study on effect for old-age income guarantee system on housing pension", Public Land Law Review, vol.87, pp.863-883.
Kim, Hun "The Study on effect for old-age income guarantee system on housing pension" Public Land Law Review 87 pp.863-883 (2019) : 863.
Kim, Hun. The Study on effect for old-age income guarantee system on housing pension. 2019; 87 863-883.
Kim, Hun. "The Study on effect for old-age income guarantee system on housing pension" Public Land Law Review 87(2019) : 863-883.
Kim, Hun. The Study on effect for old-age income guarantee system on housing pension. Public Land Law Review, 87, 863-883.
Kim, Hun. The Study on effect for old-age income guarantee system on housing pension. Public Land Law Review. 2019; 87 863-883.
Kim, Hun. The Study on effect for old-age income guarantee system on housing pension. 2019; 87 863-883.
Kim, Hun. "The Study on effect for old-age income guarantee system on housing pension" Public Land Law Review 87(2019) : 863-883.
