August 16, 2025Applied Economics

DSR and Household debt delinquency: evidence from South Korea

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DPDongjin PyoChangwon National University

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Implication

Analysis reveals critical debt service ratio thresholds affecting household financial distress in South Korea, indicating potential policy adjustments are needed.

Key Points

Findings indicate that critical debt service ratio thresholds fall below regulatory benchmarks, highlighting potential financial strain.
Approximately 30% of households experience elevated delinquency risk at low debt levels, particularly among temporary workers.
Observational analysis using household-level microdata and a multilevel Bayesian threshold regression model reveals significant insights.
Results support differentiated lending standards, as uniform regulatory caps may not adequately address household vulnerability.

Cite This Study

Dongjin Pyo (2025) studied this question.

synapsesocial.com/papers/68af5231ad7bf08b1eada534 https://doi.org/10.1080/00036846.2025.2535545

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Implication

Analysis reveals critical debt service ratio thresholds affecting household financial distress in South Korea, indicating potential policy adjustments are needed.

DSR and Household debt delinquency: evidence from South Korea

Discussion

Member takes

Implication

Key Points

Cite This Study

DSR and Household debt delinquency: evidence from South Korea

Discussion

Member takes

Implication

Key Points

Cite This Study

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Also Consider