我国住房反向抵押贷款的定价的研究.pdf

Master Degree Dissertation of Chongqing University Study on Pricing of Reverse Mortgage in China Master Degree Candidate: Xiao Yao Supervisor: Associate Prof. Liu Guiwen Major: Management Science and Engineering Faculty of Construction Management and Real Estate Chongqing University October 2007 ABSTRACT Along with the aging of the population in China, the social characteristic ― aging without richness has been becoming obviously, and the social security pension system which has lagged far behind is facing severe challenges, and the social security pension system is turning from the planned system the new one. The policy of family planning has been leading to a serious consequence that the four + two + one family structure model will dominate, which increase the difficulty of the tradition son-for-pension or “money-for-pension”. The combination of an accelerated aging of society and the dramatic evolution of the family structure has resulted in a substantial emergency of “empty-nest” families. So, China’s situation of old-age care is severe and complicated. The developed countries has been aging society for a long time and developed many valuable experiences in old-age care. It is a convenient and effective way to learn these mature and valuable experiences from developed countries and develop our old-age care products and systems which accord with the situation of China. Reverse mortgages is a kind of pension insurance financial products, proved to be of significant effect in several developed countries. Being a beneficial supplement to the social security pension system, reverse mortgages could be introduced to China, in order to improve the consumption level of the retired