英文摘要 |
With its continuously declining fertility rates and increased life expectancy, Taiwan has become one of the aging societies in the world. To alleviate the financial strain on the government, a great amount of research has suggested an alternative option-the reverse mortgage (RM)-to improve the living quality of the retiring elderly. This study identifies factors affecting the interest in applying for RM in Taiwan. A questionnaire survey was conducted among middle-aged homeowners, and analyzed through a Logistic regression model. The results indicate that homeowners who participate in whole life insurance programs, invest in financial assets, intend to live apart from their children, and have higher education levels are more likely to apply for RM. We also estimate the potential market demand for RM in Taiwan. The findings reveal that potential demand for RM in Taiwan ranges from 200,000 to 346,000 households. These results can serve as valuable reference for governments and financial institutions with a view to determining whether and how to launch reverse mortgage programs. |