ABSTRACT
The 21st century is the century of the ageing of the world .all countries are faced with the problem of the ageing of the population, On one hand, the development of the ageing reducing the workforce, reduced the social labor supply, on the other hand, the direct influence of the ageing of the elderly is the increased number of old people,with social burden increasing. In the western word, the implementation of reverse mortgage has opened up new avenues pension for the elderly .So far, some countries, mainly the United States, have adopted the practice of anti-mortgage loans to solve a lot of elderly pension issues.
China's aging problem is quite severe, at present the proportion of China's elderly population has reached 11 percents. It is estimated in the year of 2015, the population aged over 60 will be over 200 million, accounting for about 14% of the total population. The status and trends the ageing of are Optimistic, while China's current development of the social security system is imperfect, with narrow the scope of radiation. Some scholars have suggested the application of reverse mortgage loans On this basis. This article focuses on the limitations of the implementation of reverse mortgage loans in HangZhou, divided into six chapters: ChapterI, Introduction, introducing the significance of topics the status of study, the way to study, the innovation. chapterII, introduce the basic concept, theoretical foundation of the reverse mortatge. ChapterIII, introduce there different reverse mortgage operations, including the United States, Singapore, Japan ChapterIV, introduce the situation of HangZhou ageing
ChapterV, introduce the limitations of the implementation of reverse mortgage loans in Hangzhou, which is divided into five parts: First, from the reverse mortatge’s limitation and the development of insurance in China to analysis the limitation of the reverse mortatge.
Second according to the actual situation of real estate in HangZhou
to analysis the limitation of the reverse mortatge.
Third, from the socialism to analysis the limitation of the reverse mortatge, including asymmetric information and endowment insurance .In the analysis of asymmetric information,the chapter is related with the concept of credit of Chinese people.
Finally, from the traditional culture of family values to analyze their limitations, Including it may cause the traditional Chinese "filial piety" culture shock to apply the reverse mortatge ,in some developed countries,it is a major way to support the old people for the whole society, and we should commit there are differences between the concept of America and China.
Chapter VI, according to the situation of HangZhou and the situation of the aging to suggest a suitable way for old people to self-help: rent
KEYWORDS: reserve mortgage Asymmetric information Traditional family values Real estate endowment insurance of HangZhou moral hazard
