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Details for article 2 of 8 found articles
| Title: |
From Public to Private: The Case of Mortgage Payment Insurance in Great Britain |
| Author: |
Burchardt, Tania Hills, John |
| Appeared in: |
Housing studies |
| Paging: | Volume 13 (1998) nr. 3 pages 311-323 |
| Year: |
1998-05-01 |
| Contents: |
This paper examines the possible impact of further moves from public to private provision of mortgage payment insurance in Great Britain. The administrative costs of the two systems are compared, and distributional differences between tax and premium funding are evaluated, using national survey data. The constraints under which insurers must operate mean that private mortgage payment insurance is found to be limited in coverage, expensive for mortgagors facing average risks, and to have a regressive distributional impact when compared to tax-financed alternatives. Greater reliance on private insurance coupled with the withdrawal of state benefits could lead to higher costs for mortgagors who buy cover, and potentially disastrous costs for those who do not-some of which will eventually be borne by the state. Alternatives in the form of a compulsory national scheme (whether part of the public finances or at 'arms-length') or a mortgage benefit scheme are discussed. |
| Publisher: |
Routledge |
| Source file: |
Elektronische Wetenschappelijke Tijdschriften |
Details for article 2 of 8 found articles
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