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    Book

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    Chapter

    The National Pension Systems and Financial Consumers: An International Comparative Perspective on the Key Linkages

    A secure and adequate pension system is central to establishing a welfare state. Given that, this book aims to document a set of diverse public policy issues on the financial consumers’ standpoint that are obs...

    Man Cho, Gianni Nicolini, Hongmu Lee in International Comparison of Pension Systems (2022)

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    Chapter

    The Korean Pension System

    Since its inception in 1960 only for government officials, the pension system in Korea has evolved into a more inclusive one by continuously expanding its coverage, to career soldiers in 1963, to the private s...

    Young-Man Lee, YoonSu Kim, Man Cho in International Comparison of Pension Systems (2022)

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    Chapter

    Home Equity Monetization Schemes: An Inter-Country Survey

    The home equity monetizing scheme is defined as a program that enables two conditions for the elderly population—continued residing in the same property and periodic payment out of home equity. And monetizing ...

    YoonSu Kim, Young-Man Lee, Man Cho in International Comparison of Pension Systems (2022)

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    Article

    Collateral Risk in Residential Mortgage Defaults

    This paper presents a systematic framework for capturing the collateral-driven mortgage default risk. A forward-looking home price distribution model is developed that explicitly incorporates different sources...

    Tyler T. Yang, Che-Chun Lin, Man Cho in The Journal of Real Estate Finance and Economics (2011)

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    Article

    Appraisals, Transaction Incentives, and Smoothing

    This article is structured around three principal objectives. The first is to determine whether any incentives for appraisals support an underlying purchase offer, which may be termed a transaction bias. Appra...

    Peter Chinloy, Man Cho, Isaac F. Megbolugbe in The Journal of Real Estate Finance and Eco… (1997)

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    Article

    An empirical analysis of property appraisal and mortgage redlining

    The recent literature advances a hypothesis that addresses the possibility of mortgage redlining caused by a dynamic information externality in property appraisals and mortgage lending. In particular, Lang and...

    Man Cho, Isaac F. Megbolugbe in The Journal of Real Estate Finance and Economics (1996)