Research

Publications  

• The Effects of Population Aging on Tax-Benefit Structure, Korean Journal of Economic Studies (in Korean), vol. 38, no. 1 (2024), pp. 69-94.

• State-Dependent Effects of Monetary Policy: The Role of Occasionally Binding Constraints, Journal of Money and Finance (in Korean), vol. 38, no. 1 (2024), pp. 1-34.

• The Impact of Macroeconomic Shocks on Household Debt and Housing Prices, joint with Byoung Hoon Seok, Journal of Economic Theory and Econometrics (in Korean), vol. 34, no. 3 (2023), pp. 74-99.

• The Impact of Inflation Shocks on House Prices and Household Debt in the Presence of LTV Ratio Restrictions, joint with Byoung Hoon Seok, Journal of Economic Theory and Econometrics (in Korean), vol. 33, no. 4 (2022), pp. 111-134.

• Macroeconomic Impacts of Increasing the Minimum Wage: the Case of Korea, joint with Byoung Hoon Seok, Economic Modelling, vol. 113 (2022).

• An Analysis of the Progressivity of Household Net Tax Burden Using National Survey of Tax and Benefit, Journal of Economic Theory and Econometrics (in Korean), vol. 33, no. 1 (2022), pp. 55-81.

• On the Long-Term Effect of Recent Housing Policies in Korea, joint with Byoung Hoon Seok, Korean Economic Review, vol. 37, no. 2 (2021), pp.199-223 - cited by ChosunBiz, E-daily, Donga, Maekyung 

• Wage Volatility and Changing Patterns of Labor Supply, joint with Jay H. Hong and Byoung Hoon Seok, International Economic Review, vol. 60, no. 2 (2019), pp. 595-630, Appendix - cited by Maehyung

• Explaining the Evolution of the U.S. Housing Market, joint with Byoung Hoon Seok, Macroeconomic Dynamics, vol. 23, no. 2 (2019), pp.568-589.

• Analyzing Changes in Korean Tax Revenues since the Asian Financial Crisis, joint with Byoung Hoon Seok, Journal of Market Economy (in Korean) vol. 48, no. 1 (2019), pp. 1-42.

• An Analysis of Dual-Earner Couples' Time Choices in Korea, joint with Byoung Hoon Seok, Journal of Women and Economics (in Korean), vol. 15, no. 4 (2019), pp. 1-23.

• An Economic Analysis of the Progressivity of Income Taxes Using a Dynamic General Equilibrium Model, joint with Byoung Hoon Seok, Journal of Economic Theory and Econometrics (in Korean), vol. 29, no. 4 (2018), pp. 16-60.

• Marriage, Working Spouses, and Male Wage Volatility, Korean Economic Review, vol. 34, no. 1 (2018), pp. 101-115.

• The Effects of Labor Composition on Hours Volatility: Evidence from the U.S., Journal of Economic Theory and Econometrics, vol. 25, no. 2 (2014), pp. 60-84.

• The Contribution of Rising School Quality to U.S. Economic Growth, Journal of Monetary Economics, vol. 63 (2014), pp. 95-106, Appendix

Working Papers

• Rising Earnings Risks and Wealth Distribution with Housing, joint with Byoung Hoon Seok and Lini Zhang, revise & resubmit, Real Estate Economics.

• Migration Restrictions: Implications on Human Capital, Output, and Welfare, joint with Jingchao Li and Byoung Hoon Seok, revise & resubmit, World Bank Economic Review.

• Anticipated Wage Growth as a Factor of Educational Attainment, revise & resubmit, Macroeconomic Dynamics.

• Explaining Rising School Expenditures in the U.S.

• Why Do Returns to Experience Differ across Countries? joint with Byoung Hoon Seok.