Old-Age Provision and Homeownership – Fiscal Incentives and Other Public Policy Options

1. Front Matter

   Pages i-x

   PDF

2. Old-Age Security and Homeownership in the EU: An Overview

   1. Front Matter

      Pages 1-1

      PDF

   2. Personal Pensions and Homeownership in the EU: An Overview

      • Martina Eckardt

      Pages 3-25

   3. Old-Age Poverty and Residential Property in the EU: An Analysis with the EU-SILC 2014 Data

      • Eszter Megyeri

      Pages 27-48

3. Well-Developed Markets for Private Pensions and Homeownership

   1. Front Matter

      Pages 49-49

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   2. Holding on and Letting Go in Ireland: Examining the Policy and Fiscal Environment for Supplementing Retirement Income from Residential Property

      • Yogesh Jaiyawala, John Maher, Richard Burke, Sean Byrne

      Pages 51-81

   3. Dutch Pensions and Housing: Towards a Social Divide

      • Marietta E. A. Haffner

      Pages 83-106

   4. Pensions, Housing and Mortgage Markets in the UK

      • Tripti Sharma, Donal McKillop, Declan French

      Pages 107-142

4. Countries with a High Degree of Homeownership, but a Rather Low Degree of Private Pensions

   1. Front Matter

      Pages 143-143

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   2. Italy: An Ageing Country with Low Level of Private Pension Schemes but High Homeownership Rate

      • Pierluigi Murro, Flaviana Palmisano

      Pages 145-178

   3. My Home Is My Castle? Sustainability of Private Pensions and Private Homeownership in Hungary

      • Jörg Dötsch, Martina Eckardt, Eszter Megyeri

      Pages 179-205

5. Countries with a Low Degree of Homeownership and a Low Degree of Private Pensions

   1. Front Matter

      Pages 207-207

      PDF

   2. Germany: Ageing Economy with Rising Pension Gap, Stable Mortgage Market and Well-Developed Rental Market

      • Sebastien Clerc-Renaud, Dirk Ulbricht, Doris Neuberger

      Pages 209-251

In light of demographic change and the growing problems of traditional old-age security systems, this book discusses two essential instruments in connection with privately providing for old-age security: (1) savings in private pension schemes and (2) building up equity for home-ownership. Further, it assesses the relationship between the two instruments and offers a unique overview of the latest market developments.

In order to represent the profound differences between the individual member states of the EU, this book features six country-specific studies – covering Germany, Hungary, Ireland, Italy, the Netherlands and the United Kingdom – that provide detailed insights into the complexity of local private pension schemes, mortgage markets, and housing markets. Lastly, the book discusses public policies and fiscal incentives intended to better integrate residential property with private pensions. It will appeal to both, private households seeking to build up old-age security, as well as policy makers interested in providing secure pension schemes. 

• Old-Age Security
• Old-Age Provision
• Equity Release
• Mortgage Market
• Residential Property
• Housing Market
• Private Pensions
• Fiscal Incentives
• Home Ownership
• Life Annuity
• Pension System
• Equity Release Schemes
• ERS
• household finance
• financial crises

• Andrássy University Budapest, Budapest, Hungary

  Martina Eckardt, Jörg Dötsch, Stefan Okruch

Martina Eckardt is Professor of Public Finance and Public Policy at Andrássy University Budapest (AUB). Along with her affiliation to AUB, she is member of faculty at the University of Bamberg, Germany. Prof. Eckardt holds a Ph. D. of the University of Jena and the venia legendi in economics of the University of Rostock; she was Teaching and Research Assistant at the University of Bamberg, Assistant Professor at the Unviersity of Rostock and Associate Professor at the University Witten-Herdecke, Germany. Her main fields of research are comparative Law and Economics, evolutionary and institutional economics and industrial economics. Related to the topic “Old-Age Provision and Homeownership”, she has published i.e. on insurance economics, pension policy and the pensions OMC.

Jörg Dötsch is Associate Professor at Andrássy University Budapest (AUB) and the University’s representative for company contacts. He received his Ph. D. in economics from the University of Bayreuth (2012). He obtained a researcher excellence grant from the Hungarian Office of Public Administration and Justice (2013). Jörg Dötsch specializes in evolutionary economics with a focus on old-age security and knowledge economy.

Stefan Okruch is Professor of Economic Policy at Andrássy University Budapest (AUB), where he also gathered rich experience in international Academic Management. Along with his affiliation to AUB, he is member of faculty at the University of Bamberg, Germany, and visiting professor at the University of Bayreuth, Semmelweis University Budapest, and Hamburg School of Business Administration. He holds a Ph.D.  and the venia legendi in economics of the University of Bayreuth; he was senior research fellow at the interdisciplinary Max Planck Institute on Common Goods in Bonn, Germany. His main fields of research are evolutionary and institutional economics with a strong interdisciplinary bias (especially Law & Economics, Economics and Policy Learning). Related to the topic “Old-Age Provision and Homeownership”, he has published i.e. on Social Security reform, and on policy learning and the pensions OMC.

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