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dc.contributor.authorJohnson, D
dc.contributor.authorWorthington, A
dc.contributor.authorBrimble, M
dc.contributor.editorSteven Rowley, Rachel Ong & Sanna Markkanen
dc.date.accessioned2018-11-19T12:30:59Z
dc.date.available2018-11-19T12:30:59Z
dc.date.issued2014
dc.date.modified2014-02-12T23:05:34Z
dc.identifier.isbn9780646909226
dc.identifier.refurihttp://business.curtin.edu.au/local/docs/ahrc13/Building-the-pillars-of-retirement-income-what-role-for-housing-equity-in-easing-financial-stress-in-later-retirement.pdf
dc.identifier.urihttp://hdl.handle.net/10072/56736
dc.description.abstractThe financial and cultural implications of people growing older in developed countries around the world are of increasing interest and concern to government, community and industry stakeholders. A key emerging problem is that some retirees do not have sufficient asset liquidity to finance post-retirement consumption needs, even though they may own substantial assets in the form of housing equity in which Australians have traditionally held a substantial proportion of their wealth. However, the actions of many Australians are at odds with behavioural lifecycle theory which predicts that in the later years of life, individuals should de-accumulate assets (including housing equity) to support retirement consumption needs. Housing also does not readily fit in the ambit of Modern Portfolio Theory. The family home has potential to undergo a revolutionary change from a direct investor private financial asset to a more flexible, and even securitised, financial instrument, taking into account its function for individuals, families and communities. Financial products in retirement are beginning to undergo reframing to accommodate the financial and cultural dynamics inherent in housing equity release. The purpose of this paper is to examine the role of housing equity in supporting retirement consumption and income needs, and its potential in easing financial stress in retirement. Using the comprehensive panel of data in the Household, Income, and Labour Dynamics in Australia (HILDA) Survey and other sources, this paper will present data to improve our understanding of housing as part of Australian household portfolio composition and the experience of homeownership for different Australian households. The research focuses on the Australian context for evidence of the determinants that support homeowners in building wealth, and aims to identify the issues that impact upon home equity de-accumulation. This research has important implications
dc.description.peerreviewedYes
dc.description.publicationstatusYes
dc.format.extent219920 bytes
dc.format.mimetypeapplication/pdf
dc.languageEnglish
dc.publisherCurtin University
dc.publisher.placeAustralia
dc.publisher.urihttp://business.curtin.edu.au/research/conferences/ahrc13/
dc.relation.ispartofstudentpublicationN
dc.relation.ispartofconferencenameAHRC13
dc.relation.ispartofconferencetitle7th Australasian Housing Researchers' Conference, AHRC 2013: Refereed Proceedings
dc.relation.ispartofdatefrom2013-02-06
dc.relation.ispartofdateto2013-02-08
dc.relation.ispartoflocationFremantle, Western Australia
dc.rights.retentionY
dc.subject.fieldofresearchBanking, finance and investment not elsewhere classified
dc.subject.fieldofresearchcode350299
dc.titleBuilding the pillars of retirement income. What role for housing equity in easing financial stress in later retirement?
dc.typeConference output
dc.type.descriptionE1 - Conferences
dc.type.codeE - Conference Publications
gro.facultyGriffith Business School, Department of Accounting, Finance and Economics
gro.rights.copyright© 2013 Curtin University. The attached file is reproduced here in accordance with the copyright policy of the publisher. Please refer to the conference's website for access to the definitive, published version.
gro.date.issued2013
gro.hasfulltextFull Text
gro.griffith.authorBrimble, Mark A.
gro.griffith.authorJohnson, Di P.


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