Population ageing is one of the most significant challenges facing the world in the twenty-first century. Furthermore, people aged over 65 typically have a level of income below the national average, but the homeownership rate among those in this age group tends to be high. Equity release schemes, specifically reverse mortgages, can help cover increased care costs and ensure a reasonable level of income, thus guaranteeing the well-being of older adults. However, this product has not been greatly developed by private entities. If the State were to implement this financial operation through public administrations, it could obtain homes that might then be included in public housing stocks. Thus, our paper aims to contribute to the literature on government-based reverse mortgage systems. Under our assumptions, the results showed that if 313,833 homes were reverse-mortgaged, the investment by the public administration would be around 0.73% GDP, with this being a feasible proposal. This work helps to create alternative methods to finance problems related with the ageing of societies from a public perspective.

人口老龄化是二十一世纪世界面临的最重大挑战之一。此外，65 岁以上人群的收入水平通常低于全国平均水平，但该年龄段人群的住房拥有率往往较高。股权释放计划，特别是反向抵押贷款，可以帮助支付增加的护理费用并确保合理的收入水平，从而保证老年人的福祉。但是，该产品并没有得到私人实体的大力开发。如果国家通过公共行政部门实施这种金融运作，它可以获得可能被纳入公共住房存量的房屋。因此，我们的论文旨在为基于政府的反向抵押贷款系统的文献做出贡献。在我们的假设下，结果表明，如果 313，833套房屋被反向抵押，公共管理部门的投资约为GDP的0.73%，这是一个可行的方案。这项工作有助于创造替代方法，从公共角度为与社会老龄化相关的问题提供资金。