The demographic change underway, declining adequacy levels from traditional pay-as-you-go old-age social security systems, structural reforms in pension schemes and the reduction in the traditional family support have increased the need for additional private savings to cover the old age income...

Housing wealth is a largely untapped resource that can help older adults supplement their incomes and buffer financial shocks in retirement. The federally insured reverse mortgage offers adults age 62 and older access to home equity with no required monthly payment, and protection for homeowners...

This paper investigates whether the houses of elderly home owners appreciate at the same rate as the average house price appreciation rate in the market. For most elderly home owners, their well-being is strongly underpinned by their home ownership status, the value of their homes generally...

In this paper, we analyze the borrowing behavior of Japanese households in comparison to the other Group of Seven (G7) countries and also broken down by the age group of the household head. We find that pre-retirement households (households with a head in the 50-59 age group) in Japan do not...