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Essays on Housing and Pensions - A European Perspective (Hardcover, 1st ed. 2019)
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Essays on Housing and Pensions - A European Perspective (Hardcover, 1st ed. 2019)
Series: Essays in Real Estate Research, 15
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Demographic trends put a burden on EU pension provision. As the
sustainability of pension systems is addressed by current pension
reforms, lower benefit levels are projected. In this scenario,
households may want to consider supplementing their public pension
income. As their own residence is on average their most valuable
asset, its transformation to income can be one form of alleviating
financial distress in old age. Thomas Muller presents research
findings on the interdependency of housing and pension wealth as
well as on whether and to what extent housing wealth is decumulated
after retirement. The author emphasizes the consideration of
housing wealth in pension policies to enable European households to
employ its housing asset as an income source in old age.About the
Author Thomas Muller wrote his dissertation at the Real Estate
Management Institute (REMI) at the EBS Business School. His
research was motivated by the effects of demographic changes on
pension provision in the EU. He focused especially on the
allocation and liquidation of private housing wealth as a public
pension supplement.
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