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- W79980298 abstract "The credit crisis has once more fuelled the debate about the sustainability of the present pension arrangements all across Europe. However, with pensions based on stock and bond return increasingly under pressure, an alternative option to finance non-housing consumption in retirement lays idle. In this paper, we present the potential of reverse mortgages as an alternative way to finance retirement. We show in a cross-country setting that the potential is relatively high in Eastern and Southern European countries. Finally, in the light of the present crisis we discuss the risks attached to such a scheme and discuss the necessary institutional changes." @default.
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- W79980298 date "2009-01-01" @default.
- W79980298 modified "2023-09-23" @default.
- W79980298 title "An Alternative Approach to Pension Finance: the Case of Reverse Mortgages" @default.
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- W79980298 hasPublicationYear "2009" @default.
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