가계 금융부채의 보유 및 상환불능 위험 결정요인

The Determinants of Household Indebtedness and Default Risk in Korea

This paper analyzes the determinants of indebtedness of household and those of default risk of indebted household, using Korean Survey of Household Finance for 2010-2014. The main motives of household borrowing are household deficit, house purchase, business capital. The first logistic regression analysis reveals that the indebtedness of household is positively related with family size age, education years, income, real assets and negatively related with age square, unemployment, financial assets. The second analysis reveals that the default risk of household is positively related with family size age, over-burden household measured by DTI, DTA and negatively related with age square, income, real assets, financial assets. The third analysis reveals that the default risks of households which borrow for refunding, household expenditure, business are higher than the others.