The Finance Research Group in WIT Business School recently met with international stakeholders in Hungary to plan data collection for the project
The Finance Research Group in WIT Business School is examining the development of innovative policy proposals which combine the provision of housing with the release of capital for retirement income.
The project involves iff-Hamburg, University of Rostock, Technical University Delft, Andrássy University Budapest, Queen’s University Belfast, and the Librera University Rome. The international project consortium met recently in Budapest to examine six country profiles with respect to demographics, mortgage credit, housing, public policy and cultural issues and plot the next phases of the programme. The next phase will consist of data collection, based on suitably composed focus groups in each of the participating countries.
Possible solutions involve one or more products that finance housing provision and offer a pension on the retirement of the householders.
The investigation will require the conduct of focus groups and engagement with expert stakeholders on both the supply and demand side of this domain. Financial modelling of potential solutions will also be undertaken.
The project is being undertaken by John Maher, Dr Richard Burke and Dr Seán Byrne. Research student Yogesh Jaiyawala who joined the research community in WIT in 2015 is also member of the investigating team. Other potential contributors include Dr Sheila O’Donohoe and Dr Cormac O’Keeffe.
This work is funded primarily through a research grant awarded by the European Commission Directorate for Employment and Social Affairs. Additional support nationally is also furnished by the Pensions Regulatory Authority, Irish Life Assurance and New Ireland Assurance.