Kim, Ji Seob - In: KDI Journal of Economic Policy 37 (2015) 4, pp. 21-54
This paper analyzes how and why household debt distribution by the householder age has changed over the past decade … both in Korea and the US. Data shows that the proportion of household debt held by younger households has decreased, while … householders is the main driving force that has shifted the household debt distribution. Given that demographic aging is an …