IDEAS home Printed from https://ideas.repec.org/h/pal/intecp/978-1-137-41320-8_16.html
   My bibliography  Save this book chapter

Elderly Support Policies as Resource Contingent Loans

In: Income Contingent Loans

Author

Listed:
  • Rafal Chomik

    (University of New South Wales)

  • John Piggott

    (University of New South Wales)

Abstract

We broaden the idea of an income contingent loan to one which takes account of resources more generally — a resource contingent loan (RCL). We then use Australian policies and policy proposals directed towards the country’s ageing demographic to illustrate how the idea of an RCL is more general than might be thought at first sight. The Age Pension, and the proposal to use housing equity drawdown to finance aged care (a kind of reverse mortgage) are two policy paradigms that fit the pattern of an RCL. The emphasis on age-related programs is deliberate — demographic change implies increasing public expenditure relative to GDP, and policy designs which work to contain these outlays will become increasingly important as populations age.

Suggested Citation

  • Rafal Chomik & John Piggott, 2014. "Elderly Support Policies as Resource Contingent Loans," International Economic Association Series, in: Bruce Chapman & Timothy Higgins & Joseph E. Stiglitz (ed.), Income Contingent Loans, chapter 15, pages 172-179, Palgrave Macmillan.
    • Handle: RePEc:pal:intecp:978-1-137-41320-8_16
    DOI: 10.1057/9781137413208_16
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:pal:intecp:978-1-137-41320-8_16. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.palgrave.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.