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 …

English Abstract: This paper investigates the effects of changes in household structure on service demand. The … the additional demand for market services replacing household activities such as household chores and care services. First …, using a 3-sector time allocation model, we theoretically analyze the mechanism that marketization of household production …

living wage is a special kind of income tax of which marginal tax rate is -1, one can apply a classical theory of tax evasion … to understand illegal or excessive receipt of living wage caused by income under reporting. Utilizing a classical theory …

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 …