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dc.contributor.authorJohnson, Di
dc.contributor.authorWorthington, Andrew
dc.contributor.authorBrimble, Mark
dc.date.accessioned2018-10-17T06:28:05Z
dc.date.available2018-10-17T06:28:05Z
dc.date.issued2015
dc.identifier.issn16512278en_US
dc.identifier.doi10.1080/14036096.2015.1012275en_US
dc.identifier.urihttp://hdl.handle.net/10072/108071
dc.description.abstractWith Australia’s 5.5 million “baby boomer” generation and tens of millions of others around the world now transitioning into retirement, government and community resources for the developed world’s rapidly ageing populations are increasingly stretched. A key emerging problem is that some retirees do not have sufficient asset liquidity to finance post-retirement consumption needs. This is seemingly despite households holding substantial assets in the form of housing equity in many countries. The family home has the potential to change from a direct investor private financial asset to a more flexible, securitized, financial instrument. The purpose of this paper was to examine the role of housing equity in supporting retirement consumption and income needs and easing financial stress in later retirement. The paper also examines the potential for new financial instruments tailored for retirees seeking to decumulate housing equity at low cost. Incorporating panel data from the Household, Income and Labour Dynamics in Australia (HILDA) Survey, we illustrate the role of housing in Australian household portfolio composition in particular and the experience of homeownership for different Australian households, with the primary objective being to identify issues that affect home equity decumulation.en_US
dc.description.peerreviewedYesen_US
dc.languageEnglishen_US
dc.publisherTaylor & Francisen_US
dc.publisher.placeNorwayen_US
dc.relation.ispartofpagefrom1en_US
dc.relation.ispartofpageto23en_US
dc.relation.ispartofjournalHousing, Theory and Societyen_US
dc.subject.fieldofresearchBanking, Finance and Investment not elsewhere classifieden_US
dc.subject.fieldofresearchcode150299en_US
dc.titleThe Potential Role of Housing Equity in a Looming Baby Boomer Retirement Cash-flow Crisis: An Australian Perspectiveen_US
dc.typeJournal articleen_US
dc.type.descriptionC1 - Peer Reviewed (HERDC)en_US
dc.type.codeC - Journal Articlesen_US
dc.description.versionPost-printen_US
gro.facultyGriffith Business School, Department of Accounting, Finance and Economicsen_US
gro.description.notepublicThis publication has been entered into Griffith Research Online as an Advanced Online Version.en_US
gro.rights.copyright© 2015 Taylor & Francis (Routledge). This is an Accepted Manuscript of an article published by Taylor & Francis in Housing, Theory and Society on 25 Feb 2015, available online: https://www.tandfonline.com/doi/10.1080/14036096.2015.1012275en_US
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