system during the examined period are due primarily to income rises and changes in industrial structures rather than …

financial and real assets and improve the financial constitution as well as the savings protection system …

mixed normal distribution. The estimation results show that disposible income has a positive effect which confirms previous …

consumption converges to the long-run level of consumption corresponding to the total income flow in two years. This adjustment in … larger effects on consumption compared with stock prices in Korea. In addition, the effects of income and asset prices on … on consumption in addition to total income as determinants of consumption. Since wealth effects usually indicate the long …

Income and Expenditure) reveal that several family characteristics, such as household size, number of working members … indirectly through its impact on household income, but also directly by affecting the household's preference for consumption … itself. While, the other family characteristics primarily influences household income. Our paper distinguishes itself from …