ISBN:
9789400743847
,
1283612283
,
9781283612289
Language:
English
Pages:
Online-Ressource (XV, 161 p. 21 illus, digital)
Series Statement:
SpringerLink
Series Statement:
Bücher
Parallel Title:
Buchausg. u.d.T. Doling, John, 1946 - Demographic change and housing wealth
DDC:
363.583094
Keywords:
Grundeigentum
;
Altersvorsorge
;
Sparen
;
Privater Haushalt
;
Vergleich
;
Ostasien
;
Europa
;
Social sciences
;
Geography
;
Population
;
Demography
;
Social Sciences
;
Social sciences
;
Geography
;
Population
;
Demography
;
Home ownership
;
Economic aspects
;
European Union countries
;
Home ownership
;
Social aspects
;
European Union countries
;
Population aging
;
Economic aspects
;
European Union countries
;
Population aging
;
Social aspects
;
European Union countries
;
Pensions
;
European Union countries
;
Public welfare
;
European Union countries
;
Europäische Union
;
Grundeigentum
;
Wirtschaftliche Lage
;
Soziale Situation
;
Hauseigentümer
Abstract:
Across the EU, populations are shrinking and ageing. An increasing burden is being placed on a smaller working population to generate the taxes required for pensions and care costs. Welfare states are weakening in many countries and across Europe, households are being increasingly expected to plan for their retirement and future care needs within this risky environment. At the same time, the proportion of people buying their own home in most countries has risen, so that some two-thirds of European households now own their homes. Housing equity now considerably exceeds total European GDP. This book discusses questions like: to what extent might home ownership provide a potential cure for some of the consequences of ageing populations by realizing housing equity in order to meet the consumption needs of older people? What does this mean for patterns of inheritance and longer-term inequalities across Europe? And to what extent are governments banking on their citizens utilising their housing wealth now and in the future?
Description / Table of Contents:
Demographic Change and Housing Wealth; Foreword; Acknowledgements; Contents; Chapter 1: Issues and Approaches; 1.1 Introduction; 1.2 Demographic and Housing Developments: Policy Challenges; 1.2.1 Demographic Change; 1.2.2 An Increasing Number of Homeowners; 1.2.3 Housing Asset-Based Welfare; 1.2.3.1 Asset-Based Welfare; 1.2.3.2 Housing as Pension; 1.3 Saving Through Housing: A Theoretical Framework; 1.3.1 The Life Cycle Model; 1.3.2 The Welfare System; 1.3.3 The Family; 1.3.4 Other Mechanisms; 1.3.5 The Mixed Economy of Saving; 1.3.5.1 Financial Institutions; 1.3.6 The Role of Housing
Description / Table of Contents:
1.3.6.1 Housing and the Life Cycle Model1.3.6.2 Income Derived from Homeownership; 1.3.7 Cross-Country Variations; 1.4 Methodologies for Researching the Three Questions; 1.4.1 Selection of Cases; 1.4.1.1 Economic and Financial Crisis; 1.5 Content and Structure of the Book; Chapter 2: Homeownership Rates; 2.1 Introduction; 2.2 Homeownership Across Countries and Time; 2.3 Homeownership Rates and Welfare: A Trade-Off?; 2.3.1 Homeownership and Social Spending; 2.3.2 Homeownership and Welfare Regimes; 2.4 The Drivers of the Homeownership Decision; 2.4.1 Housing Finance
Description / Table of Contents:
2.4.1.1 Funding of Mortgage Loans2.4.1.2 The Innovation in Loan Products; 2.4.2 The Relative Attractions of Home Owning and Renting; 2.4.2.1 Tax Policy and Other Subsidies for Homeownership; 2.4.2.2 Declining Support for Social Housing; 2.4.2.3 Increase of Homeownership; 2.4.2.4 Changes in Rental Housing Sectors; 2.4.2.5 Household Decision Making; 2.4.3 Household Characteristics; 2.4.3.1 Income; 2.4.3.2 Age; 2.4.4 Combining the Factors; 2.5 Conclusions; Chapter 3: Housing Wealth in the Household Portfolio; 3.1 Introduction; 3.2 Household Wealth; 3.2.1 How Much Wealth Do Households Have?
Description / Table of Contents:
3.2.2 How Much Wealth Is Held in Housing?3.2.3 What Influences the Size and Composition of Wealth?; 3.2.3.1 Quantitative Studies; 3.2.3.2 Qualitative studies; 3.2.3.3 Portfolio Analysis; 3.2.3.4 Regression Analysis; 3.3 Housing Debt; 3.3.1 What Influences the Size of Household Debt?; 3.3.1.1 Quantitative Studies; 3.3.1.2 Qualitative Studies; Why Do People Have a Mortgage?; Priority Placed on Paying Off Mortgage Compared to Other Priorities; 3.3.1.3 Explaining the Level of New Mortgage Debt; 3.4 Conclusions; Chapter 4: Housing Asset Strategies for Old Age; 4.1 Introduction
Description / Table of Contents:
4.2 Perceptions of the Adequacy of Pensions4.2.1 Variations in Pension Systems; 4.2.2 Concerns About Pension Adequacy; 4.3 Using Housing Equity in Old Age: Strategies in Principle; 4.4 Using Housing Equity in Old Age: Strategies in Practice; 4.4.1 Using Non-housing Assets; 4.4.2 Using Housing Equity; 4.4.3 Dissaving Housing Assets by Moving; 4.4.4 Dissaving Housing Assets but Not Moving; 4.4.4.1 Reverse Mortgages; 4.4.4.2 Interest-Only Loans; 4.4.4.3 Reverse Mortgage Strategies; 4.4.5 Not Dissaving; 4.4.5.1 Housing Equity as a Precaution; 4.4.5.2 Housing Equity as a Bequest
Description / Table of Contents:
4.4.6 Changing Attitudes
Note:
Includes bibliographical references and index
DOI:
10.1007/978-94-007-4384-7
URL:
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