The housing market does not work nearly as smoothly as the market for most other type of assets or consumption goods. Since houses are all different, there is no single market price for houses which could be easily observed. The aim of this research project is to develop economic models and methods that account for
Majority of Finnish households have most of their wealth in the form of housing. Retired households could supplement their mandatory pension benefits by releasing housing equity. The simplest way to release housing equity is to move to a smaller house or to become a renter. Another option is to purchase a reverse mortgage. Housing wealth
When a municipality chooses whether to produce a service by its own work force or to acquire it from a private producer, it affects the funding of the earnings-related pension system of municipal sector employees, and that has repercussions on all other municipalities and also on the private sector pension system. We study how the
Household structures are changing throughout Nordic and other developed countries. These changes – couples postponing childbearing, increasing shares of divorced and other single mothers and fathers, more people in old age living alone – will have important implications for the sustainability of the Nordic welfare model, whose essential features are related to households and families.
The study assesses the current economic position of the mandatory private sector pension system TyEL, the impact of pension policy measures aimed to lengthen working careers and the financial sustainability of the TyEL system under economic and demographic uncertainty. Moreover, the project enhances and improves the numerical OLG models and stochastic lifecycle models that can
ANCIEN is a research project financed under the 7th EU Research Framework Programme. The project includes 20 partners from EU member states, started in January 2009 and will last 44 months. ANCIEN concerns the future of long-term care for the elderly in Europe. The questions asked in ANCIEN are as follows. How will need, demand,
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