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Ageing, House Prices, and Economic Crises

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Abstract

This chapter looks into the associations between individual and population ageing and housing issues, including the discussions about the possibilities of equity release to reduce the risk of poverty in later life and as a source of funding for long-term care. Other topics include residential mobility in later life, housing poverty, and the links between housing and pension saving.

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Notes

  1. 1.

    Source: own estimation using data from ‘Household Income and Wealth, Australia, 2015–16’, Australian Bureau of Statistics.

  2. 2.

    Re-estimated after omitting pension accounts.

  3. 3.

    Source: https://www.bls.gov/cpi/.

  4. 4.

    See also Feinstein and McFadden (1989) and Megbolugbe et al. (1997).

  5. 5.

    For a detailed description of alternative housing equity release products, see Reifner et al. (2009).

  6. 6.

    The other causes are bereavement, health problems, disputes with neighbours and co-tenants, and a relationship breakdown—and, in Australia, gambling-related debt.

  7. 7.

    ‘Trop vieux pour la rue, trop jeunes pour la maison de retraite’.

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  1. Age UK, London, UK

    José Luis Iparraguirre

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  1. José Luis Iparraguirre
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Correspondence to José Luis Iparraguirre .

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Iparraguirre, J.L. (2019). Ageing, House Prices, and Economic Crises. In: Economics and Ageing . Palgrave Macmillan, Cham. https://doi.org/10.1007/978-3-030-29013-9_7

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  • DOI: https://doi.org/10.1007/978-3-030-29013-9_7

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