간행물

한국경제학회> The Korean Economic Review

The Korean Economic Review update

  • : 한국경제학회
  • : 사회과학분야  >  경제학
  • : KCI등재
  • : SSCI,SCOPUS
  • : 연속간행물
  • : 반년간
  • : 0254-3737
  • :
  • :

수록정보
수록범위 : 1권0호(1985)~36권1호(2020) |수록논문 수 : 623
The Korean Economic Review
36권1호(2020년 01월) 수록논문
최근 권호 논문
| | | |

KCI등재 SSCI SCOPUS

1Statistical Discrimination, Employer Learning, and Employment Gap by Race and Education

저자 : Seik Kim , Hwa Ryung Lee

발행기관 : 한국경제학회 간행물 : The Korean Economic Review 36권 1호 발행 연도 : 2020 페이지 : pp. 5-27 (23 pages)

다운로드

(기관인증 필요)

초록보기

Tests of statistical discrimination require evaluation records provided by employers or variables that employers do not observe directly but are observed by researchers. As such variables are difficult to obtain, this paper develops a strategy that uses variables available in usual data sets. This paper derives testable implications for statistical discrimination by exploiting the heterogeneity in employer learning processes. Evidence from analysis using the March Current Population Survey for 1971-2016 is consistent with the theoretical predictions. The empirical findings are not explained by alternative hypotheses, such as human capital theory, taste-based discrimination, or search and matching models.

KCI등재 SSCI SCOPUS

2The Efficiency of Financial Holding Companies in Korea

저자 : Garam Ahn , Frederick Dongchuhl Oh , Junghum Park

발행기관 : 한국경제학회 간행물 : The Korean Economic Review 36권 1호 발행 연도 : 2020 페이지 : pp. 29-58 (30 pages)

다운로드

(기관인증 필요)

초록보기

This study uses data envelopment analysis to examine whether the government-driven policy of promoting the creation of financial holding companies enhances the productive efficiency of the Korean financial system. We find that financial holding company affiliation has no substantial effects on commercial banks, life insurance companies, and securities companies, regardless of whether or not the financial holding company is owned by the government. However, we find a positive association between the asset diversification of financial holding companies and the productive efficiencies of their affiliated commercial banks, indicating a possibility that financial holding companies can improve efficiency with increased diversification. Our results suggest that the Korean government's policy of promoting the creation of financial holding companies should be reconsidered.

KCI등재 SSCI SCOPUS

3Sectoral Heterogeneity in Nominal Rigidities in Korea: Implications for Monetary Policy

저자 : Seula Kim , Jae Won Lee

발행기관 : 한국경제학회 간행물 : The Korean Economic Review 36권 1호 발행 연도 : 2020 페이지 : pp. 59-99 (41 pages)

다운로드

(기관인증 필요)

초록보기

This paper documents how the frequency of price changes differs across sectors in Korea and what implications such heterogeneity may have for monetary policy. Under heterogeneity, i) monetary policy has larger and more persistent real effects, ii) stabilizing an alternative (optimal) price index that places disproportionately larger weights on “sticky” sectors rather than the consumer price index is welfare improving, iii) the central bank, targeting such an alternative index, should move nominal interest rates slowly, which may justify “gradualism” in monetary policy, and iv) the condition for equilibrium determinacy is different. The results suggest that the monetary authority must consider how firms' pricing behaviors differ across sectors in the design of monetary policy.

KCI등재 SSCI SCOPUS

4Competition in Corporate and Personal Income Tax: Evidence from 67 Developed and Developing Countries

저자 : Young Lee

발행기관 : 한국경제학회 간행물 : The Korean Economic Review 36권 1호 발행 연도 : 2020 페이지 : pp. 101-133 (33 pages)

다운로드

(기관인증 필요)

초록보기

This paper empirically investigates tax competition in corporate income taxes (CIT) and personal income taxes (PIT) in 67 countries between 1981 and 2015. We find that tax competition in PIT is weaker than that in CIT, and various domestic considerations appear to act strongly in determining PIT. We also find that tax competition is a key determinant in setting CIT in developing countries as well as in developed countries. In addition to estimating the response function, we explore the possibility of adjustment cost and rigidity by estimating the error correction model type (ECM-type) and pooled mean group estimation (PMG). ECM-type and PMG estimations provide evidence of a partial adjustment instead of an instant full adjustment of tax rates. Furthermore, we find evidence that countries tend to adjust more strongly when lowering than raising rates, in agreement with the kinked demand curve model, which has not been explored in tax competition studies.

KCI등재 SSCI SCOPUS

5Review on Difference in Differences

저자 : Myoung-jae Lee , Yasuyuki Sawada

발행기관 : 한국경제학회 간행물 : The Korean Economic Review 36권 1호 발행 연도 : 2020 페이지 : pp. 135-173 (39 pages)

다운로드

(기관인증 필요)

초록보기

Difference in differences (DD) is one of the most popular approaches in economics and other disciplines of social sciences. This paper provides a review on the basics and recent advances in DD from a personal perspective. Details on DD identification and estimation using panel data and repeated cross-sections are provided for various DD cases such as constant/time-varying effect or constant/time-varying treatment timing. Following these basics on DD, topics such as 'DD in reverse', fuzzy DD, synthetic control, and triple and generalized differences are examined. Many empirical examples in various areas of economics are provided for illustration.

KCI등재 SSCI SCOPUS

6Parental Cheating Regarding Child's Birthday: A Response to the School Cutoff Date

저자 : Hyunkuk Cho , Yong-woo Lee

발행기관 : 한국경제학회 간행물 : The Korean Economic Review 36권 1호 발행 연도 : 2020 페이지 : pp. 175-200 (26 pages)

다운로드

(기관인증 필요)

초록보기

This study is the first to provide evidence of birthday manipulation. In South Korea, approximately 13,000 children born in the month of December between 2006 and 2015 were falsely registered as having been home-born in January of the subsequent year. These children differed significantly in terms of certain characteristics from those home-born in other months. Some parents likely manipulated their child's birthday to leverage the benefits enjoyed by the oldest children in a class cohort.

KCI등재 SSCI SCOPUS

7Impact of Longevity Risks on the Korean Government: Proposing a New Mortality Forecasting Model

저자 : Yongok Choi

발행기관 : 한국경제학회 간행물 : The Korean Economic Review 36권 1호 발행 연도 : 2020 페이지 : pp. 201-225 (25 pages)

다운로드

(기관인증 필요)

초록보기

Korea's life expectancy has experienced an unprecedented rapid increase that is significantly higher than that in other advanced economies. However, this phenomenon also signifies that the Korean government faces a considerable financial risk. This study identifies the factors that contribute to the overestimation of mortality and develops a new mortality forecasting model. In addition, the population projections of the new mortality forecasts are used to quantitatively measure the economic size of the longevity risks faced by the Korean government. Results suggest that if substantial longevity exposure is realized in the context of the Korean government, the longevity can solely increase the debt-to-GDP ratio by 33.8%p by 2060. Drawing on these findings, this study concludes with suggestions to mitigate such longevity risks.

KCI등재 SSCI SCOPUS

8Cross-Border Spillover Effect of Particulate Matter Pollution between China and Korea

저자 : Hyemin Park , Wonhyuk Lim , Hyungna Oh

발행기관 : 한국경제학회 간행물 : The Korean Economic Review 36권 1호 발행 연도 : 2020 페이지 : pp. 227-248 (22 pages)

다운로드

(기관인증 필요)

초록보기

Given its adverse health effects, particulate matter (PM) pollution has become a critical public policy issue in Northeast Asia. As concerns about PM pollution increase, so does the interest in identifying its origins, including transboundary pollutant sources. Employing the daily average PM10 concentration level data from Beijing, Shanghai, and Seoul in 2014- 2016, we estimate the direction and extent of the spillover effect of the PM10 density between China and Korea. Estimation outcomes suggest that the PM10 density levels in Beijing and Shanghai are Granger causes of the PM density in Seoul, but not vice versa. That is, the PM 10 density in Seoul increased by 0.13 and 0.133 ppm in response to the 1 ppm increase in the PM10 density in Beijing and Shanghai on the previous day, respectively. The cross-border spillover effect from Beijing decreased by 0.076 ppm from May to October when the air flow hindered the PM10 sources generated in Beijing from reaching Seoul.

KCI등재 SSCI SCOPUS

9Accounting for Changes in House Prices and Rent in Korea, 2001-2016

저자 : Jay H Hong , Choonsung Park , Joon Song

발행기관 : 한국경제학회 간행물 : The Korean Economic Review 36권 1호 발행 연도 : 2020 페이지 : pp. 249-283 (35 pages)

다운로드

(기관인증 필요)

초록보기

We quantitatively evaluate the relative contribution of macroeconomic fundamentals and housing-related policies to the changes in real house prices, rent, and household welfare in Korea. We show that the observed changes in real house prices and rent in 2001-2016 are mainly attributed to a decrease in the real interest rate, an increase in real income, and an increase in the aggregate housing supply. However, housing-related policies turn out to have little impact on the price changes, contrary to the common belief that such policies significantly affected the housing market over this period. We also find that the welfare implications of fundamentals and housing-related policies vary by household income.

1
권호별 보기
가장 많이 인용된 논문

(자료제공: 네이버학술정보)

가장 많이 인용된 논문
| | | |
1연안해역에서 석유오염물질의 세균학적 분해에 관한 연구

(2006)홍길동 외 1명심리학41회 피인용

다운로드

2미국의 비트코인 규제

(2006)홍길동심리학41회 피인용

다운로드

가장 많이 참고한 논문

(자료제공: 네이버학술정보)

가장 많이 참고한 논문

다운로드

2미국의 비트코인 규제

(2006)홍길동41회 피인용

다운로드

해당 간행물 관심 구독기관

인하대학교 성신여자대학교 전북대학교 고려대학교 동서대학교
 3
 3
 3
 2
 1
  • 1 인하대학교 (3건)
  • 2 성신여자대학교 (3건)
  • 3 전북대학교 (3건)
  • 4 고려대학교 (2건)
  • 5 동서대학교 (1건)
  • 6 중앙대학교(서울) (1건)
  • 7 이화여자대학교 (1건)
  • 8 University of Toronto (1건)
  • 9 Leiden University (1건)
  • 10 경기대학교 (1건)

내가 찾은 최근 검색어

최근 열람 자료

맞춤 논문

보관함

내 보관함
공유한 보관함

1:1문의

닫기