Journal Article
Nominal vs. real wage growth?
Yoo, Peter S. (1997-08)
National Economic Trends , Issue Aug

Journal Article
Charging up a mountain of debt: accounting for the growth of credit card debt
Yoo, Peter S. (1997-03)
Total U.S. credit card debt has almost doubled since 1988. Little is apparent from the aggregate data, however, about the composition of credit card debt growth. In this article, Peter S. Yoo separates household data into two categories: changes in the number of households with credit cards, and changes in average credit card debt for increased total credit card debt. Moreover, he finds that the principal contributors to the increase are households with above-average incomes rather than low-income households.
Review , Issue Mar , Pages 3-13

Journal Article
The FOMC in 1997: a real conundrum
Yoo, Peter S. (1998-09)
Although the economic performance of the U.S. economy in 1997 was very good, it was troubling in at least one respect for the Federal Open Market Committee. Traditional signals of inflation - rapid money growth and high levels of economic activity - were not accompanied by higher inflation. Rather, inflation fell steadily throughout the year. The committee put forth several hypotheses for the subdued inflation but found the situation puzzling, nevertheless. Compounding the problem, members did not know how long such dampening factors might last. In the end the FOMC changed the intended ...
Review , Issue Sep , Pages 27-40

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

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

Journal Article
Saving accounts: what are they worth?
Yoo, Peter S. (1999-09)
National Economic Trends , Issue Sep

Journal Article
The tax man cometh: consumer spending and tax payments
Yoo, Peter S. (1996-01)
Review , Volume 78 , Issue Jan , Pages 37-44

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