Hanewald, Katja; Bateman, Hazel; Fang, Hanming; Ho, Tin Long - National Bureau of Economic Research - 2022
This paper explores new mechanisms to fund long-term care using housing wealth. Using data from an online experimental survey fielded to a sample of 1,200 Chinese homeowners aged 45-64, we assess the potential demand for new financial products that allow individuals to access their housing...