Footnote:
Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments January 14, 2023 erstellt
Description:
This study investigates the patterns of consumptions among the classes of household. this class is characterized of two types of financial constraint households and non financial constraint households, in particular, according to the discussions of Zelde (1989), Kaplan et al. (2014), and Aguiar et al. (2020). This study confirms the evidence of heterogenous household behavior in micro-dataset, which is on Aiyagari et al. (1992), Gali et al. (2007), Auclert (2019), and Bilbiie et al. (2021). Also captures consumptions inequality by classes of households in Korea economy . This provides important implications in considering the target and propagation of the monetary policy and fiscal policy during the economic recession