Exploration into the Determinants of Household Consumption: Liquidity Constraint and Family Characteristics
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 h...
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| Format: | Article |
| Language: | English |
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Korea Development Institute
2005-06-01
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| Series: | KDI Journal of Economic Policy |
| Subjects: | |
| Online Access: | https://doi.org/10.23895/kdijep.2005.27.1.1 |