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@article{ART002566400},
author={Kim Myeong-su},
title={Refraction of Household Financialization and Financial Inequailty: An Empirical Study on the Financial Integration Patterns of Korean Households},
journal={Korean Journal of Sociology},
issn={1225-0120},
year={2020},
volume={54},
number={1},
pages={139-179},
doi={10.21562/kjs.2020.02.54.1.139}

TY - JOUR
AU - Kim Myeong-su
TI - Refraction of Household Financialization and Financial Inequailty: An Empirical Study on the Financial Integration Patterns of Korean Households
JO - Korean Journal of Sociology
PY - 2020
VL - 54
IS - 1
PB - The Korean Sociological Association
SP - 139
EP - 179
SN - 1225-0120
AB - For most of the studies on the financialization of Korean households have focused on verifying the existence of the phenomenon itself, those studies has failed to analyze the actual path and patterns of financial integration. This study explores how past legacies, seemingly 'negating' household financialization, have created a mixed channel for financial connections. In particular, the housing sector has been a major interfering factor for the path and direction of household financialization. The interference of the housing system has led to the short-term housing investment process, which is based on ‘traditional’ housing finance, and the biased consumer credit allocation process, which derives from collateral- based loan supply structure, functions as important moments in household financialization. The financialization of consumption based on the receivables securitization has been added here, resulting in a deepening social imbalance in capital gain and its cost allocation. This paper interprets the recently intensified competition for social reproduction as the effect of this differential integration of finance.
KW - refraction of household financialization;financial culture;housing investment;delay in the financialization of housing;financialization of consumption;financial expropriation
DO - 10.21562/kjs.2020.02.54.1.139
ER -

Kim Myeong-su. (2020). Refraction of Household Financialization and Financial Inequailty: An Empirical Study on the Financial Integration Patterns of Korean Households. Korean Journal of Sociology, 54(1), 139-179.

Kim Myeong-su. 2020, "Refraction of Household Financialization and Financial Inequailty: An Empirical Study on the Financial Integration Patterns of Korean Households", Korean Journal of Sociology, vol.54, no.1 pp.139-179. Available from: doi:10.21562/kjs.2020.02.54.1.139

Kim Myeong-su "Refraction of Household Financialization and Financial Inequailty: An Empirical Study on the Financial Integration Patterns of Korean Households" Korean Journal of Sociology 54.1 pp.139-179 (2020) : 139.

Kim Myeong-su. Refraction of Household Financialization and Financial Inequailty: An Empirical Study on the Financial Integration Patterns of Korean Households. 2020; 54(1), 139-179. Available from: doi:10.21562/kjs.2020.02.54.1.139

Kim Myeong-su. "Refraction of Household Financialization and Financial Inequailty: An Empirical Study on the Financial Integration Patterns of Korean Households" Korean Journal of Sociology 54, no.1 (2020) : 139-179.doi: 10.21562/kjs.2020.02.54.1.139

Kim Myeong-su. Refraction of Household Financialization and Financial Inequailty: An Empirical Study on the Financial Integration Patterns of Korean Households. Korean Journal of Sociology, 54(1), 139-179. doi: 10.21562/kjs.2020.02.54.1.139

Kim Myeong-su. Refraction of Household Financialization and Financial Inequailty: An Empirical Study on the Financial Integration Patterns of Korean Households. Korean Journal of Sociology. 2020; 54(1) 139-179. doi: 10.21562/kjs.2020.02.54.1.139

Kim Myeong-su. Refraction of Household Financialization and Financial Inequailty: An Empirical Study on the Financial Integration Patterns of Korean Households. 2020; 54(1), 139-179. Available from: doi:10.21562/kjs.2020.02.54.1.139

Kim Myeong-su. "Refraction of Household Financialization and Financial Inequailty: An Empirical Study on the Financial Integration Patterns of Korean Households" Korean Journal of Sociology 54, no.1 (2020) : 139-179.doi: 10.21562/kjs.2020.02.54.1.139