Bateman, Hazel

Email Address
ORCID
Disciplines
Research Projects
Organizational Units
Position
Introduction
Research Interests

Filters

2012 - 201912020 - 20221
2
2
Reset filters

Settings

Search Results

Now showing 1 - 2 of 2
  • Publication
    Long-Term Care Insurance Financing Using Home Equity Release: Evidence from an Online Experimental Survey
    (2022-01-14) Hanewald, Katja; Bateman, Hazel; Fang, Hanming; Ho, Tin Long
    This paper explores new mechanisms to fund long-term care using housing wealth. Using data from an online experimental survey fielded to a sample of 1,200 Chinese homeowners aged 45-64, we assess the potential demand for new financial products that allow individuals to access their housing wealth to buy long-term care insurance. We find that access to housing wealth increases the stated demand for long-term care insurance. When they could only use savings, participants used on average 5% of their total (hypothetical) wealth to purchase long-term care insurance. When they could use savings and a reverse mortgage, participants used 15% of their total wealth to buy long-term care insurance. With savings and home reversion, they used 12%. Reverse mortgages do not require regular payments until the home is sold, while home reversion involves a partial sale and leaseback. Our results inform the design of new public or private sector programs that allow individuals to access their housing wealth while still living in their homes.
  • Publication
    Financial Literacy and Retirement Planning in Australia
    (2012-12-01) Agnew, Julie R; Bateman, Hazel; Thorp, Susan
    We implement a customized survey to a representative sample of 1,024 Australians to examine the relationship between financial literacy and retirement planning. Overall we find aggregate levels of financial literacy similar to comparable countries with the young, least educated, unemployed and those not in the labor force most at risk. However, unlike the international norm, we find that financial skills increase with age. The role played by the Australia’s mandatory private retirement arrangements, system of defaults, and interactions with the means-tested safety net pension at older ages remain open questions.