FRINK Linked Data Fragments server

Matches in SemOpenAlex for { <https://semopenalex.org/work/W2212085800> ?p ?o ?g. }

• W2212085800 abstract "After the 1997 financial crisis in Korea, household debts have rapidly expanded. This paper evaluates the current status of Korea's household debts with a focus on household debt capacity using micro data sets collected by Korea National Statistical Office between 2000 and 2006. The most distinctive feature of household debts is that the consumer loans were mostly distributed among the higher income and the wealthy households. During 2000-2006, given the fact that consumer loans were relatively concentrated on the high-income class, the price of real estate steadily increased adding to the wealth of the riches that resulted in the worsening of wealth distribution. The fact that the high-income class borrowed more consumer loans in recent years means that the household sector in Korea is relatively less vulnerable to the changes in market interest rates, downturn of the economy, and consequent increase in the rate of unemployment. This is contrast to the case in the US where sub-prime mortgage loan which was largely extended to low-income class. Overall, the mortgage loan stabilization seen in Korea recently is greatly attributed by both LTV and DTI regulations as well as the multiple mortgage loans regulations. However, the proportion of real estate asset out of the total asset for household is much greater in Korea than other countries taking up 83% of total asset in 2006. In general, given the fact that the growth of household income, which is the fundamental source for debt service capacity, has been sluggish for the recent years, if the market value of real estate decline due to the global economic crisis then Korea will become more vulnerable to external shock. If the recent global financial crisis continues to bring further negative impacts to Korea leading to asset deflation in the real estate sector, the households' debt service capacity will deteriorate, further reducing private consumption and aggregate demand which in turn further magnifying asset deflation and fueling the vicious circle." @default.
• W2212085800 created "2016-06-24" @default.
• W2212085800 creator A5018716691 @default.
• W2212085800 date "2008-12-12" @default.
• W2212085800 modified "2023-09-25" @default.
• W2212085800 title "Recent Changes in Korean Households’ Indebtedness and Debt Service Capacity" @default.
• W2212085800 hasPublicationYear "2008" @default.
• W2212085800 type Work @default.
• W2212085800 sameAs 2212085800 @default.
• W2212085800 citedByCount "0" @default.
• W2212085800 crossrefType "posted-content" @default.
• W2212085800 hasAuthorship W2212085800A5018716691 @default.
• W2212085800 hasConcept C10138342 @default.
• W2212085800 hasConcept C120527767 @default.
• W2212085800 hasConcept C144133560 @default.
• W2212085800 hasConcept C145236788 @default.
• W2212085800 hasConcept C162324750 @default.
• W2212085800 hasConcept C166957645 @default.
• W2212085800 hasConcept C171562969 @default.
• W2212085800 hasConcept C205649164 @default.
• W2212085800 hasConcept C2776562857 @default.
• W2212085800 hasConcept C2777764128 @default.
• W2212085800 hasConcept C2778126366 @default.
• W2212085800 hasConcept C2780892066 @default.
• W2212085800 hasConcept C2781343974 @default.
• W2212085800 hasConcept C38652104 @default.
• W2212085800 hasConcept C41008148 @default.
• W2212085800 hasConcept C44171179 @default.
• W2212085800 hasConcept C50522688 @default.
• W2212085800 hasConcept C76178495 @default.
• W2212085800 hasConcept C82279013 @default.
• W2212085800 hasConceptScore W2212085800C10138342 @default.
• W2212085800 hasConceptScore W2212085800C120527767 @default.
• W2212085800 hasConceptScore W2212085800C144133560 @default.
• W2212085800 hasConceptScore W2212085800C145236788 @default.
• W2212085800 hasConceptScore W2212085800C162324750 @default.
• W2212085800 hasConceptScore W2212085800C166957645 @default.
• W2212085800 hasConceptScore W2212085800C171562969 @default.
• W2212085800 hasConceptScore W2212085800C205649164 @default.
• W2212085800 hasConceptScore W2212085800C2776562857 @default.
• W2212085800 hasConceptScore W2212085800C2777764128 @default.
• W2212085800 hasConceptScore W2212085800C2778126366 @default.
• W2212085800 hasConceptScore W2212085800C2780892066 @default.
• W2212085800 hasConceptScore W2212085800C2781343974 @default.
• W2212085800 hasConceptScore W2212085800C38652104 @default.
• W2212085800 hasConceptScore W2212085800C41008148 @default.
• W2212085800 hasConceptScore W2212085800C44171179 @default.
• W2212085800 hasConceptScore W2212085800C50522688 @default.
• W2212085800 hasConceptScore W2212085800C76178495 @default.
• W2212085800 hasConceptScore W2212085800C82279013 @default.
• W2212085800 hasLocation W22120858001 @default.
• W2212085800 hasOpenAccess W2212085800 @default.
• W2212085800 hasPrimaryLocation W22120858001 @default.
• W2212085800 hasRelatedWork W1507047890 @default.
• W2212085800 hasRelatedWork W1576594558 @default.
• W2212085800 hasRelatedWork W1577935008 @default.
• W2212085800 hasRelatedWork W2204958478 @default.
• W2212085800 hasRelatedWork W2345812556 @default.
• W2212085800 hasRelatedWork W2520457861 @default.
• W2212085800 hasRelatedWork W2583363587 @default.
• W2212085800 hasRelatedWork W2594159998 @default.
• W2212085800 hasRelatedWork W2751820774 @default.
• W2212085800 hasRelatedWork W2887767387 @default.
• W2212085800 hasRelatedWork W3006863075 @default.
• W2212085800 hasRelatedWork W306145399 @default.
• W2212085800 hasRelatedWork W3121524130 @default.
• W2212085800 hasRelatedWork W3123979590 @default.
• W2212085800 hasRelatedWork W3125114692 @default.
• W2212085800 hasRelatedWork W3125410521 @default.
• W2212085800 hasRelatedWork W3125964660 @default.
• W2212085800 hasRelatedWork W3146216707 @default.
• W2212085800 hasRelatedWork W601646867 @default.
• W2212085800 hasRelatedWork W781549470 @default.
• W2212085800 isParatext "false" @default.
• W2212085800 isRetracted "false" @default.
• W2212085800 magId "2212085800" @default.
• W2212085800 workType "article" @default.