Cho, Sang-Wook Stanley - School of Economics, UNSW Business School - 2007
This paper constructs a quantitative lifecycle model with uninsurable labor income and aggregate housing return risk to … constructs a quantitative lifecycle model with uninsurable labor income and
aggregate housing return risk to assess how Korean … the homeownership ratio by 6 percentage
points.
JEL classiflcation : D91, E21, H31, R21
Keywords : Lifecycle Model …