Retirement With House Pattern Of Product Pricing Research In Our Country

Increasing of elderly population in our country, the current old-age securitysystem and the traditional family pension mode, has been difficult to cope withgrowing aging population crisis, the need to explore new mode of pension, theeighteenth big have pension reform on the agenda. Retirement with house as a newtype of pension mode, to alleviate our country endowment pressure there will be abig help.In this paper, by using comparative research methods, theoretical analysis ofresearch methods for reference, the research method of system analysis researchmethods, etc from Chinas endowment is facing difficulties, the launch of housingreverse mortgage loan in our country this new endowment mode of theoreticalsignificance and practical significance, the practical experience of foreign developedcountries for reference, the retirement with house pattern developmentopportunities and development way in our country. Retirement with house can besuccessfully carried out in China, the key lies in whether to reasonable pricing, thereverse mortgage loan products bidding for this business because it is directly relatedto the borrower and the lender in enthusiasm for this business.This papers main conclusions: Chinas huge pension gap and pension securitysystem is not sound, the endowment of great necessity to make the room. To carryout the marketization of housing reverse mortgage loan of financial institutions, needto the reasonable pricing of housing reverse mortgage loan, respectively, with andwithout foreclosure has foreclosed housing reverse mortgage loan, no foreclosureproduct pricing in a lump sum payment and perpetual annuity payment mode has different product pricing model, a foreclosure pricing through the Black-Scholesoption pricing model, establish a no risk hedging portfolio, made at the end of theloan term cash outflows and inflows are equal. In retirement with house, in theprocess of interest rate risk, price risk, longevity risk and other risks will influence tothe pricing of housing endowment and, in view of the potential risks in this paper,the model of deductive reasoning and provide specific risk prevention strategy. Thefinal length is put forward in order to make the house to provide for the aged in ourcountry can develop more smoothly, the government should play the roles and policyshould be.