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Mortgage equity withdrawal and institutional settings: an exploratory analysis of six countries

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  • Marietta E. A. Haffner
  • Rachel Ong
  • Gavin A. Wood

Abstract

In this exploratory paper, we investigate whether there are links between institutional context and the development of markets in home equity conversion that are based on financial instruments facilitating mortgage equity withdrawal (MEW). Using secondary data and literature sources from six countries (Australia, UK, USA, Netherlands, Finland and Germany), the paper addresses two research questions. First, to what extent are there differences in the range and use of MEW financial instruments across these six countries? Second, how might the institutional context governing a nation's housing and capital markets support or hinder MEW in these countries? The paper concludes by drawing some implications for debates sparked by housing's changing welfare role as a means of smoothing consumption over the life cycle.

Suggested Citation

  • Marietta E. A. Haffner & Rachel Ong & Gavin A. Wood, 2015. "Mortgage equity withdrawal and institutional settings: an exploratory analysis of six countries," International Journal of Housing Policy, Taylor & Francis Journals, vol. 15(3), pages 235-259, July.
    • Handle: RePEc:taf:intjhp:v:15:y:2015:i:3:p:235-259
    DOI: 10.1080/14616718.2015.1048091
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    Cited by:

    1. Sharma, Tripti & French, Declan & McKillop, Donal, 2022. "The UK equity release market: Views from the regulatory authorities, product providers and advisors," International Review of Financial Analysis, Elsevier, vol. 79(C).
    2. Ong, Rachel & Graham, James & Cigdem, Melek & Phelps, Christopher & Whelan, Stephen, 2023. "Financing first home ownership: modelling policy impacts at market and individual levels," SocArXiv p59te, Center for Open Science.
    3. Lenarčič, Črt, 2022. "Drivers of household arrears: an euro area country panel data analysis," MPRA Paper 114558, University Library of Munich, Germany.

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