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The social and economic effects of introducing reverse mortgages in Chile / José Luis Ruiz, Pablo Tapia and José Donoso.
- Format:
- Book
- Government document
- Author/Creator:
- Ruiz, Jose Luis, author.
- Language:
- English
- Subjects (All):
- Economic and Social Development.
- Chile.
- Local Subjects:
- Economic and Social Development.
- Chile.
- Physical Description:
- 1 online resource (1 online resource (24 pages)
- Contained In:
- CEPAL Review Vol. 2019, no. 128, p. 221-244 2019:128<221 16840348
- Place of Publication:
- New York : United Nations, 2020.
- System Details:
- data file
- Summary:
- This study simulates the social and economic effects of introducing reverse mortgages in Chile. It uses the 2009 Social Protection Survey and recent simulation methodologies to analyse the monetary gain associated with taking out such a loan, which is paid in periodic instalments over the homeowners lifetime. Eligible individuals are retired homeowners, who account for 70% of the older population. Monies received increase exponentially depending on the age at which the reverse mortgage is taken out. Lastly, the increase in liquidity has significant social potential, as it could reduce the poverty rate in the target group by 15%.
- Notes:
- Title from title screen (viewed May 1, 2017).
- Access Restriction:
- Restricted for use by site license.
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