A research paper by Han Wei’s team from the School of Humanities and Law has been published in the international journal Journal of Innovation & Knowledge.
Titled "Can redemption option innovation alleviate the constraints of risk perception on demand willingness for housing reverse mortgages in China," the paper examines housing reverse mortgage insurance from the perspective of cumulative prospect theory and explores Chinese residents' elderly care needs in the context of population aging. The study develops a decision-making model for elderly participation in housing reverse mortgage insurance and investigates whether innovation in the redemption option can help reduce the effects of risk perception and bequest motives on demand willingness.
The research provides useful policy insights for improving China's multi-tier, multi-pillar pension system and better meeting diverse elderly care needs. Han Wei is the first author, Xie Yating is the corresponding author, and Henan Agricultural University is the sole affiliated institution. The paper is one of the phased research outcomes of a National Social Science Fund of China project led by Han Wei.
DOI: 10.1016/j.jik.2026.101000
