English Abstract: Our paper aims to estimate a household consumption function in the presence of liquidity constraints … as well as household characteristics. Empirical findings from a Korean cross-sectional data (National Survey of Household … Income and Expenditure) reveal that several family characteristics, such as household size, number of working members …

early retirement, and government policy. Changes in household consumption behaviors after the currency crisis turn out not … environment. Hence, it can be said that the procyclicality of household consumption after the currency crisis is attributable to …

System(QUAIDS) model to Household Income and Expenditure Survey data, and then provides a long-term forecast of the … composition of household consumption expenditure for 2005-2020. The paper shows that Korea's consumption expenditure will maintain …

English Abstract:This paper is study on household’s credit constraints, a special form of financial exclusion. Credit … authorities need to carrry out household credit policies in a way that encourages banks to extend the grey zone loans actively …

pro-cyclicality of household consumption appeared in the business cycle contraction period. Previous studies have only … household consumption. This is due to the fact that consumption changes are highly likely to have been led by generations born … household consumption was mainly due to the consumption behavior between “generation MZ,” i.e., Millennials and Gen Z, and the …

English Abstract: The household debt-to-GDP ratio of Korea is globally high and has been increasing faster since 2020 …. This paper estimates the household's sustainable debt ratio limit by income quintile and studies how changes in interest … asset disposition will reduce household debt space. In addition, some households already have exceeded their sustainable …