This paper analyzes how and why household debt distribution by the householder age has changed over the past decade … both in Korea and the US. Data shows that the proportion of household debt held by younger households has decreased, while … householders is the main driving force that has shifted the household debt distribution. Given that demographic aging is an …

Korea's household debts a ... …

As Korea's household debt has increased rapidly since the mid-2000s, concerns that its economy's hard-wired leveraging … long-run trend. Housing preferences and monetary shocks can both trigger deleveraging, as most household debt is profoundly … macroeconomic effects of deleveraging. Because a lower loan-to-value (LTV) ceiling limits the size of household debt, the …