Abstract
For the stable operation of the Home Pension(Korean public reverse mortgage) system, policy establishment and risk management should be made based on demand estimates that reflects the main characteristics of reverse mortgage. In this study, changes in population structure and house price prospect were selected as the main factors that affect Home Pension subscriptions to estimate demand through the Bass diffusion model. The trend of cumulative number of surviving subscribers in Home Pension was investigated to reflect changes in population structure in the diffusion model. In addition, a comparative analysis was conducted to examine the impact of house price forecasts on new Home Pension subscriptions. The analysis shows that the number of new Home Pension subscribers will peak from the mid-2030s to 2040, after which the total number of new subscribers will remain stable with a long-term balance with the death toll.
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Disclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.