The leading evidence against the unitary household models is that who gets what is significantly dependent upon who earns how much. However, it is difficult to pin down the causal effect of relative earnings on intra-household resource allocation because households jointly decide both labor...

This study examines the effect of a one-on-one outsourced pre-lending consulting service on the repayment behavior of microcredit borrowers in Korea with administrative data from the Smile Microcredit Bank. A random change in the cut-off loan amount for mandatory consulting is utilized as an...

This paper investigates to what extent do income growth and uncertainty, and demographic factors affect the domestic real saving rate in Korea. We test an extended life cycle hypothesis and demography hypothesis with the Korean aggregate time series data from 1975 to 2002. The results of the...

We consider the nexus of intra-household transfers, the sex composition of the sibship, and parental retirement behavior in Korea. We provide evidence that the cost of raising sons is higher than it is for daughters in Korea. Thus, in the absence of sufficient transfers from adult sons to...

This study establishes the stylized facts on economic inequality using KLIPS (Korean Labor & Income Panel Study) of 2001-2015 and presents empirical evidence on their macroeconomic implications. Firstly, we find that income and consumption inequality have not increased in 2000s, contradicting...