Abstract
This study aims to analyze the microeconomic effect caused by Reverse Mortgage System which is a measure of stabilizing the financial life of elderly people. First, I examined elderly households' financial state and their awareness of lifestyle. Secondly, emphasizing the necessity of Reverse Mortgage System, I observed the Reverse Mortgage System in America and taken hints from there. Next, through research, I became aware of the present condition of self-governing bodies that implemented Reverse Mortgage System in Japan. Finally, bringing to light the effect of income raise in the elderly households, by implementing Reverse Mortgage System which is anticipated on its pension complementing function, I investigated Reverse Mortgage System's microeconomic effect.
