English Abstract: This research aims to analyze the effects of financial and real assets on household consumption … the range of fluctuation of household assets is greater in the high consumer levels from level 7 to 9. Despite the sharp … increase of housing prices after the IMF bailout period, the effect of household assets on household expenditure has decreased …

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 …

English Abstract: This paper analyzes the effects of wealth and household debt on household consumption expenditure … research. Financial assets (stock price index) have a positive wealth effect, however, household's real assets (house price … index) have a negative wealth effect which is different from previous research. Household debt has a positive effect on …

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 …

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 …

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 …

theory. In addition, by emphasizing the difference between commodity exchange and asset trading, which has been presented … in power capital theory. The author won the 2021 CASP Essay Prize for his contributions to new ideas in economics and …