Health and Social Welfare Review Vol.34 No.1, pp.52-73
Abstract
This paper studies housing bequest incentives for old citizens and the incentives are a function of their wealth. Recently, wealth management strategies for the old citizen emphasize life-time consumption rather than bequest. The trend of the strategies leads to an introduction of reverse mortgage products backed by residential houses and agricultural land. Building a simple theoretical model of wealth bequest, the paper provides empirical evidence, using an ordered logit model. The evidence for nation-wide olde citizens suggests that ‘Die Broke’ is a strategy that rich old citizens are not likely to exercise.
Table Of Contents
Ⅰ. 연구의 배경 및 목적 Ⅱ. 이론모형과 선행연구 분석 Ⅲ. 실증분석 모형 Ⅳ. 실증분석 결과 Ⅴ. 결론 참고문헌