Abstract
This study analyzed the factors of conversion intention of households using the proportional odds logit model based on the 2018 Reverse Mortgage Demand Survey to seek revitalization of the trust-type reverse mortgage system. As a result of the analysis, the main factors in the conversion to the trust-type were the presence or absence of a spouse, education level, child support, degree of recommendation, sufficient retirement life of the assets held, adult child opinion, and level of satisfaction. It was also confirmed that households using reverse mortgage have a high understanding and acceptability of the trust-type reverse mortgage system and the need to prepare additional retirement income. In conclusion, the trust-type reverse mortgage is expected to be a very useful means not only for new subscribers but also for existing housing pension subscribers. Therefore, it is important to improve related infrastructure so that existing housing pension subscribers can switch to the trust method. At the same time, efforts to improve the system and develop linked products of trust-type reverse mortgage need to be continued.
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