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dc.contributor.authorJohnson, Dianne
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.issn1403-6096
dc.identifier.doi10.1080/14036096.2015.1012275
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.
dc.description.peerreviewedYes
dc.languageEnglish
dc.publisherTaylor & Francis
dc.publisher.placeNorway
dc.relation.ispartofpagefrom1
dc.relation.ispartofpageto23
dc.relation.ispartofjournalHousing, Theory and Society
dc.subject.fieldofresearchBanking, Finance and Investment not elsewhere classified
dc.subject.fieldofresearchUrban and Regional Planning
dc.subject.fieldofresearchSociology
dc.subject.fieldofresearchHuman Geography
dc.subject.fieldofresearchcode150299
dc.subject.fieldofresearchcode1205
dc.subject.fieldofresearchcode1608
dc.subject.fieldofresearchcode1604
dc.titleThe Potential Role of Housing Equity in a Looming Baby Boomer Retirement Cash-flow Crisis: An Australian Perspective
dc.typeJournal article
dc.type.descriptionC1 - Articles
dc.type.codeC - Journal Articles
dc.description.versionPost-print
gro.facultyGriffith Business School, Department of Accounting, Finance and Economics
gro.description.notepublicThis publication has been entered into Griffith Research Online as an Advanced Online Version.
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/10.1080/14036096.2015.1012275
gro.hasfulltextFull Text
gro.griffith.authorBrimble, Mark A.
gro.griffith.authorWorthington, Andrew C.
gro.griffith.authorJohnson, Di P.


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