Journal Article
Still charging: the growth of credit card debt between 1992 and 1995
Yoo, Peter S. (1998-01)
Between 1991 and 1997, consumer revolving credit outstanding more than doubled - from $247 billion to $514 billion. This rapid rise of consumer debt, especially credit card debt, has generated much discussion about its cause, sustainability, and implications. Peter S. Yoo uses the recently released 1995 Survey of Consumer Finances to update a previous study that separated the growth of credit card debt into its two main components: increases in the number of households with credit cards and increases in average credit card balances. As before, the analysis separates the effects of lower- and ...
Review , Issue Jan , Pages 19-27

Journal Article
The long and short (runs) of investing in equities
Yoo, Peter S. (1998-10)
National Economic Trends , Issue Oct

Working Paper
The baby boom and economic growth
Yoo, Peter S. (1994)
This paper presents a model of economic growth based on the life-cycle hypothesis to determine the path of capital accumulation and economic growth as the baby boom passes through the U.S. economy. The model predicts that a baby boom causes a temporary decline of the capital-labor ratio. The temporary drop of the capital-labor ratio requires a decrease in consumption per capita but as the baby boom generation nears retirement, capital intensity increases, which raises output per worker and per capita consumption. Furthermore, and perhaps counter intuitively, the model predicts that the saving ...
Working Papers , Paper 1994-001

Working Paper
Age distributions and returns of financial assets
Yoo, Peter S. (1994)
This paper explores the relationship between age distribution and asset returns impled by an overlapping-generations asset pricing model. The model predicts that as more individuals reach the age when the increment to their wealth reaches its maximum, asset returns fall. Cross-sectional evidence from the Survey of Financial Characteristics of Consumers and the Surveys of Consumer Finances indicates that individuals aged 45 to 54 have the largest increment to wealth of all age group. Time series estimates confirm that a close link exists between aggregate household wealth and the size of this ...
Working Papers , Paper 1994-002

Working Paper
Age dependent portfolio selection
Yoo, Peter S. (1994)
This paper addresses the issue of portfolio risk exposure as a function of age, and it focuses the debate by presenting detailed cross-sectional evidence about individual portfolios. It provides new empirical results that characterized the relationship between age and the risk exposure of individual portfolios. The evidence from cross-sectional data suggests that individuals do not follow behavior proscribed by economic theory or by Wall Street advisors, rather the results of this paper suggest that current body of theoretical literature does not adequately describe the behavior of ...
Working Papers , Paper 1994-003

Journal Article
Capacity utilization and prices within industries
Yoo, Peter S. (1995-09)
Review , Issue Sep , Pages 15-26

Journal Article
Boom or bust? the economic effects of the baby boom
Yoo, Peter S. (1994-09)
Review , Issue Sep , Pages 13-22

Working Paper
The baby boom and international capital flows
Yoo, Peter S. (1994)
This paper presents a model of economic growth based on the life-cycle hypothesis to determine the path of international capital flows as the baby boom passes through the U.S. economy. The model predicts that a baby boom causes a temporary increase in capital flow into the U.S. but the increase in capital is not sufficient to maintain the capital-labor ratio in the U.S. The baby boom increases saving in the U.S. but decreases the saving abroad due to the higher world interest rates.
Working Papers , Paper 1994-031

Journal Article
Is increasing wealth a substitute for saving?
Yoo, Peter S. (1998-02)
National Economic Trends , Issue Feb

Journal Article
A CPI-based bias for GDP?
Yoo, Peter S. (1997-02)
National Economic Trends , Issue Feb