International Comparison of Pension Systems
An Investigation from Consumers’ Viewpoint
Article
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...
Article
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...
Article
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...
Book
Chapter
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...
Chapter
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...
Chapter
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 ...