the procyclicality that was an exceptional characteristic of consumption behavior of Korean households after the 1997 … currency crisis. The existing studies on consumption behavior changes after the currency crisis are mostly based on the … assumption that the occurrence of the changes was homogeneous across all age groups. In this paper, however, consumption …

English Abstract: Our paper aims to estimate a household consumption function in the presence of liquidity constraints … consumption. Especially, the influence of household size on consumption decision is shown to be highly significant, not only … indirectly through its impact on household income, but also directly by affecting the household's preference for consumption …

English Abstract: In general, consumption plays a counter-cyclical role to smooth the amplitude of the growth rate … while showing a stable flow. However, in Korea after the global financial crisis, while sluggish consumption continued, a … pro-cyclicality of household consumption appeared in the business cycle contraction period. Previous studies have only …

English Abstract: This research aims to analyze the effects of financial and real assets on household consumption … which has decreased consumption consequently leading to the failure of the wealth effect mechanism. In addition, because …

English Abstract: This paper analyzes the effects of wealth and household debt on household consumption expenditure … household consumption. However, the net effects of household debt may be smaller or even insignificant because household debt is … sum of martgage loan and non-martgage loans that have opposite effects on household consumption …

's participation in the workforce. Their consumption patterns may have been altered by the structural changes. This paper focuses on … on consumption demand, we estimate the Engel curves according to the QUAIDS model. For empirical work, the Survey of …

English Abstract: This paper examines consumption dynamics in relation to asset prices in Korea. Empirical analysis … based on the error correction model shows that personal consumption is affected by changes in asset prices but the … consumption converges to the long-run level of consumption corresponding to the total income flow in two years. This adjustment in …