Working Papers

Culture, Institutions and Growth,   R&R,   European Economic Review

Declining Fertility Rates in Korea: Exploring Further Mechanisms and Policy Implications   (w/ Chul-In Lee),   R&R,   Seoul Journal of Economics

Individualism, Political Polarization and Institutional Instability   (w/ Wongi Kim)

Debt Crisis, Altruism and Multiple Equilibria in Fiscal Sustainability   (w/ Chul-In Lee)

Human Capital in R&D Models with Financial Frictions: Revisiting the Role of Human Capital in Development Accounting   (w/ Chul-In Lee)

Taxation of Human Capital and the Welfare Cost   (w/ Euiyoung Jung and Chul-In Lee)

Work in Progress

Conformity, Democracy and Growth

Morality, Rent-Seeking and Growth   (w/ Nam Seok Kim)

Birth Policy and Growth: the Role of Culture   (w/ Nam Seok Kim and Wongi Kim) 

On the Growth Effects of Informal Sector   (w/ Wongi Kim and Yeojoon Yoon)

Deficit Bias in a Heterogeneous-Agent Overlapping Generations Model   (w/ Woon Back and Chul-In Lee)

Exiled Scholars and Knowledge Spillovers: Evidence from a Historical Natural Experiment  (w/ Wongi Kim and Yeojoon Yoon)

Explaining the East Asian Growth Miracle Through Culture: When Confucius Meets Adam Smith 

Explaining Asian Growth Miracles through Culture: when Confucius meets Adam Smith

Publications

Endogenous Financial Friction and Growth,   B.E. Journal of Macroeconomics,   2024.

On the Comovement of Labor Supply and Human Capital Investment in Policy Analysis   (w/ Euiyoung Jung and Chul-In Lee),   Economics Letters,    2024.

Optimal Policy in an Economy with Human Capital Where Money is Essential,   Economics Letters,   2015.