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 … the procyclicality that was an exceptional characteristic of consumption behavior of Korean households after the 1997 …

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: This research aims to analyze the effects of financial and real assets on household consumption … which has decreased consumption consequently leading to the failure of the wealth effect mechanism. In addition, because … the range of fluctuation of household assets is greater in the high consumer levels from level 7 to 9. Despite the sharp …

& savings association were the major informal financial activities, while 27.8% of defectors have experienced at least one of …, lending by individual money lenders, rotating credit & savings association. Looking at the characteristics of residents … Korea's financial intermediaries appear to have remained at the level of loan brokers or rotating credit & savings …

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 …'s participation in the workforce. Their consumption patterns may have been altered by the structural changes. This paper focuses on … the additional demand for market services replacing household activities such as household chores and care services. First …

on consumption in addition to total income as determinants of consumption. Since wealth effects usually indicate the long …-run effect of changes in asset wealth on consumption that is not explained by labor income, which is the proxy for human source …English Abstract: This paper examines consumption dynamics in relation to asset prices in Korea. Empirical analysis …

English Abstract: Our paper aims to estimate a household consumption function in the presence of liquidity constraints … consumption. Especially, the influence of household size on consumption decision is shown to be highly significant, not only … indirectly through its impact on household income, but also directly by affecting the household's preference for consumption …