Full metadata record
DC Field | Value | Language |
---|---|---|
dc.contributor.author | 여윤경 | - |
dc.date.accessioned | 2019-08-22T16:30:14Z | - |
dc.date.available | 2019-08-22T16:30:14Z | - |
dc.date.issued | 2019 | - |
dc.identifier.issn | 0018-280X | - |
dc.identifier.other | OAK-25206 | - |
dc.identifier.uri | https://dspace.ewha.ac.kr/handle/2015.oak/251251 | - |
dc.description.abstract | This study examines how longevity risk can be alleviated by using reverse mortgage loan system in Korea, Joo-Taek-Yeon-Keum (JTYK). We compare the expected utility value of JTYK borrowers during retirement with that of non-JTYK borrowers, and identify characteristics of groups earning the greatest benefits from the JTYK. The results imply that it is especially beneficial for homeowners aged 67 and older, and its benefit increases if the bequest value is included. We also calculate the Money's Worth Ratio (MWR) of the JTYK, and show that MWRs increase as the opt-in age increases if the bequest is considered as financial gain. | - |
dc.language | English | - |
dc.publisher | HITOTSUBASHI UNIV | - |
dc.subject | reverse mortgage | - |
dc.subject | longevity risk | - |
dc.subject | expected utility function | - |
dc.subject | optimization | - |
dc.subject | bequest | - |
dc.title | REVERSE MORTGAGES FOR MANAGING LONGEVITY RISK IN KOREA | - |
dc.type | Article | - |
dc.relation.issue | 1 | - |
dc.relation.volume | 60 | - |
dc.relation.index | SSCI | - |
dc.relation.index | SCOPUS | - |
dc.relation.startpage | 21 | - |
dc.relation.lastpage | 40 | - |
dc.relation.journaltitle | HITOTSUBASHI JOURNAL OF ECONOMICS | - |
dc.identifier.wosid | WOS:000476582100002 | - |
dc.author.google | Yang, Jaehwan | - |
dc.author.google | Yuh, Yoonkyung | - |
dc.contributor.scopusid | 여윤경(35812600200) | - |
dc.date.modifydate | 20210929163155 | - |