Research
Research
Selected publications:
Consumer finance, behavioral economics:
Pak, Tae-Young, Swarn Chatterjee, and Youngjoo Choung. "Navigating digital finance: How digital financial literacy influences digital financial service use and benefits in Korea." Financial Innovation*, (accepted).
Pak, Tae-Young. "Relative deprivation: How subjective experiences of income inequality influence risk preferences." Behavioral Sciences* 15, (2025): 425.
Pak, Tae-Young, and Patryk Babiarz. "Relative deprivation and prosocial behavior: Evidence from South Korea." The Social Science Journal* 62, (2025): 386-407.
Pak, Tae-Young, Lu Fan, and Swarn Chatterjee. "Financial socialization and financial well-being in early adulthood: The mediating roles of financial capability." Family Relations* 73, (2024): 1664-1685. [MOST CITED]
Wilmarth, Melissa, Kyoung Tae Kim, and Tae-Young Pak. "What do we really know about "don't know"? Re-assessing the measurement of financial knowledge." Journal of Consumer Affairs* 57, (2023): 1623-1649.
Choung, Youngjoo, Swarn Chatterjee, and Tae-Young Pak. "Digital financial literacy and financial well-being." Finance Research Letters* 58B, (2023): 104438.
Pak, Tae-Young. "Relative deprivation and financial risk taking." Finance Reserach Letters* 55A, (2023): 103927.
Choung, Youngjoo, and Tae-Young Pak. "More than just a bad day? Traumatic life events and self-control in old age." PLoS ONE* 18, (2023): e0266312.
Pak, Tae-Young. "The effects of mass shootings on gun sales: Motivations, mechanisms, policies and regulations." Journal of Policy Modeling* 44, (2022): 1148-1164.
Pak, Tae-Young, and Lu Fan. "Childhood experience of parental affection and financial well-being in later life: Evidence from the Health and Retirement Study." Journal of Consumer Affairs* 56, (2022): 1433-1453.
Choung, Youngjoo, Swarn Chatterjee, and Tae-Young Pak. "Depression and financial planning horizon." Journal of Behavioral and Experimental Economics* 98, (2022): 101877.
Choung, Youngjoo, Tae-Young Pak, and Swarn Chatterjee. "Consumption and life satisfaction: The Korean evidence." International Journal of Consumer Studies* 45, (2021): 1007-1019.
Pak, Tae-Young, "Social protection for happiness? The impact of social pension reform on subjective well-being of the Korean elderly." Journal of Policy Modeling* 42, (2020): 349–366.
Pak, Tae-Young. "Old-age income security and tourism demand: A quasi-experimental study." Journal of Travel Research* 59, (2020): 1298-1315.
Pak, Tae-Young, and Patryk Babiarz. "Asset allocation of two-person households under different longevity expectations." Journal of Consumer Affairs* 53, (2019): 1234–1254.
Pak, Tae-Young, and Patryk Babiarz. "Does cognitive aging affect portfolio choice?." Journal of Economic Psychology* 66, (2018): 1–12.
Pak, Tae-Young. "Financial literacy and high-cost borrowing: Exploring the mechanism." International Journal of Consumer Studies* 42, (2018): 283-294.
Pak, Tae-Young, and Youngjoo Choung. "Rationality of longevity expectations: Evidence from the Korean Longitudinal Study of Aging." Journal of Behavioral and Experimental Finance* 13, (2017): 51–61.
Pak, Tae-Young, and Swarn Chatterjee. "Aging, overconfidence, and portfolio choice." Journal of Behavioral and Experimental Finance* 12, (2016): 112–122.
Health economics, health services research, healthcare decision making:
Pak, Tae-Young. "Catastrophic health expenditures and food insecurity among older cancer survivors in the United States." Health Economics Review*, 15, (2025): 22.
Choe, Hwi, and Tae-Young Pak, "Food insecurity, health care utilization, and health care expenditures: A longitudinal cohort study." International Journal of Public Health* 68, (2023): 1605360.
Choe, Hwi, and Tae-Young Pak, "Food insecurity and unmet healthcare needs in South Korea." International Journal for Equity in Health* 22, (2023): 148.
Lee, Jeongyoon, and Tae-Young Pak, "Longitudinal associations between food insecurity and suicidal ideation among adults aged≥65 in the Korean Welfare Panel Study." International Journal of Public Health* 68, (2023): 1605618.
Nam, Su-Jung, and Tae-Young Pak. "Predicting adherence to COVID-19 preventive measures among South Korean adults aged 40 to 69 years using the expanded health empowerment model." SSM - Population Health* 22, (2023): 101411.
Pak, Tae-Young, and GwanSeon Kim. "Association of food insecurity with allostatic load among older adults in the US." JAMA Network Open* 4, (2021): e2137503.
Pak, Tae-Young. "What are the effects of expanding social pension on health? Evidence from the Basic Pension in South Korea." The Journal of the Economics of Ageing* 18, (2021): 100287.
Pak, Tae-Young, and Youngjoo Choung. "Relative deprivation and suicide risk in South Korea." Social Science & Medicine* 247, (2020): 112815.
Pak, Tae-Young, Hyungsoo Kim, and Kyoung Tae Kim. "The long-term effects of cancer survivorship on household assets." Health Economics Review* 10, (2020): 2.
Pak, Tae-Young, and GwanSeon Kim. "Food stamps, food insecurity, and health outcomes among elderly Americans." Preventive Medicine* 130, (2020): 105871.
Pak, Tae-Young. "Welfare stigma as a risk factor for major depressive disorder: Evidence from the Supplemental Nutrition Assistance Program." Journal of Affective Disorders* 260, (2020): 53–60.
Pak, Tae-Young, and GwanSeon Kim. "The impact of Medicare Part D on cognitive functioning at older ages." Social Science & Medicine* 193, (2017): 118–126.
Pak, Tae-Young, Susana Ferreira, and Greg Colson. "Measuring and tracking obesity inequality in the United States: Evidence from NHANES, 1971-2014." Population Health Metrics* 14, (2016): 1.
Interdisciplinary research:
Pak, Tae-Young, Bumjoon Bae, Changju Lee, Intaek Jung, and Bong-Joo Jang. "Modeling public acceptance of demand-responsive transportation: An integrated UTAUT and ITM framework." Journal of Public Transportation* 25, (2023): 100067.
Lee, Changju, Bumjoon Bae, Yu Lim Lee, and Tae-Young Pak. "Societal acceptance of urban air mobility based on the technology adoption framework." Technological Forecasting and Social Change* 196, (2023): 122807.
Lee, Jeongyoon, and Tae-Young Pak, "Machine learning prediction of suicidal ideation, planning, and attempt among Korean adults: A population-based study." SSM - Population Health* 19, (2022): 101231.
SCI/SSCI-listed journal marked with ( * ).
A full list of publications is available on the CV.
Grants:
"Digital financial literacy of older adults in the United States." $15,000 (Role: external collaborator), Global Research Collaboration Grant, University of Georgia, 2024.
"The effects of individual-based relative deprivation on economic preferences." $32,000 (Role: PI), National Research Foundation of Korea (NRF), 2021-2023.
"Individual-based relative deprivation and prosocial behavior." $23,000 (Role: PI), 2020 Samsung Research Fund, Sungkyunkwan University, 2020-2021.
"Data-based social innovation education & research group." BK21 Four (Brain Korea 21 Fostering Outstanding Universities for Research), National Research Foundation of Korea (NRF), 2020-2027.
"Efficacy in measuring financial literacy." $77,006 (Role: PI at the time of funding decision; subcontract after execution), National Endowment for Financial Education (NEFE), 2020-2021.
"Consumer demand for firearms: Understanding responses to mass casualty shootings." $6,000 (Role: PI), Research Grants Committee (RGC), University of Alabama, 2018-2019.