Jay H. Hong
Curriculum Vitae (August 2020)
Address: Department of Economics Phone: +82-2-880-6389
16-619 Fax: (208) 692-9883
Seoul National University E-mail: jayhong[at]snu.ac.kr
Seoul, 08826, Korea http://jayhong.snu.ac.kr
Employment:
Professor of Economics, Seoul National University, 2020 - present
Associate Professor of Economics, Seoul National University, 2014 - 2020
Associate Professor of Economics, University of Rochester, 2012 - 2014
Assistant Professor of Economics, University of Rochester, 2006 - 2012
Education:
Ph.D. in Economics, University of Pennsylvania, 2006
Graduate School in Economics, Seoul National University, Seoul, Korea, 1997
B.A. in Economics, summa cum laude , Seoul National University, Seoul, Korea, 1997
Publications:
“Accounting for Changes in House Prices and Rent in Korea, 2001-2016 ,” (with Choonsung Park & Joon Song ), Korean Economic Review , 36(1), 2020.
“Wage Volatility and Changing Patterns of Labor Supply ,” (with Byoung Hoon Seok & Hye Mi You ), International Economic Review , 60(2), 2019.
“The Redistribution Effects of National Pension in Korea ,” (with Yongjae Lee , & Jongsuk Han ), Korean Journal of Economic Studies (in Korean) , 67(3),
2019.
“The Effects of Macroeconomic Shocks on Household Debts and the Risks of Debt Adjustments
in South Korea ,” (with Joon Song ), Journal of Market Economy (in Korean) , 48(2),
2019.
“Labor Market Uncertainty and Portfolio Choice Puzzles ,” (with Yongsung Chang & Marios Karabarbounis ), American Economic Journal: Macroeconomics , 10(2), 2018.
“The Effect of Child Care Subsidies on Labor Supply of Married Women ,” (with Yongjae Lee , & Jongsuk Han ), Korean Journal of Economic Studies (in Korean) , 65(3),
2017.
“Population Aging and Extension of Retirement Age ,” (with Yongjae Lee , & Taesu Kang ), Economic Analysis: Bank of Korea (in Korean) , 22(2),
2016.
“Constrained Efficiency in the Neoclassical Growth Model with Uninsurable Idiosyncratic
Shocks ,” (with Julio Dávila , Per Krusell , & José-Víctor Ríos-Rull ), Econometrica , 80(6),
2012.
“Life Insurance and Household Consumption ,” (with José-Víctor Ríos-Rull ), American
Economic Review , 102(7), 2012.
“Social Security, Life Insurance and Annuities for Families ,” (with José-Víctor Ríos-Rull ),
Journal of Monetary Economics , 54(1), 2007.
“Do Technological Improvements in the Manufacturing Sector Raise or Lower Employment? ,”
(with Yongsung Chang ), American Economic Review , 96(1), 2006.
Research in Progress:
“Income Volatility and Portfolio Choices,” (with Yongsung Chang , Marios
Karabarbounis & Yicheng Wang ).
“Labor Supply, Endogenous Wage Dynamics and Tax policy,” (with Árpád Ábrahám &
Ricardo M. Santos ).
“On the Time-Varying Substitutability of Labor Inputs and Biased Technical Change,” (with
Raul Santaeulalia-Llopis ).
“Firm Size Distribution along the Business Cycle,” (with Árpád Ábrahám & Eva
Carceles-Poveda ).
“Health, Consumption, and Inequality,” (with Josep
Pijoan-Mas & José-Víctor Ríos-Rull ).
“The Role of Unemployment Risk for Aggregate Dynamics During the Great Depression,”
(with Satyajit Chatterjee ).
“Life Insurance and the Value of Spouses: Labor Supply vs. Household Production ,”.
Grants, Honors and Awards:
Chungram Award, Korean Economic Association, 2019
Dasan Young Economist Award, The Korea Economic Daily, 2014
Young Scholar Award, Korea-America Economic Association, 2008
Graduate Fellowship, University of Pennsylvania, 2001
KFAS Scholarship, the Korea Foundation for Advanced Studies, 2000-2005
Professional Activities:
Visiting Scholar: Minneapolis Fed (2010), St. Louis Fed (2010, 2011)
Referee: American Economic Review; American Economic Journal: Macroeconomics;
Journal of Economic Dynamics and Control; Review of Economic Studies; Journal of Public
Economic Theory; International Economic Review; Journal of Monetary Economics; Jounral
of Population Economics; Review of Economic Dynamics; B.E. Journal of Macroeconomics;
Journal of Economic Theory.
Conference Organizer: SED Program Commitee: 2014 (Toronto), 2013 (Seoul)
Committee: University of Rochester Research Computing Committee (2006-present),
Placement Director (2011, 2012)
Students:
Joon Song , Advisor , 2019, LG Economic Research Institute
Yongjae Lee , Co-advisor , 2017, Bank of Korea
Marios Karabarbounis , Co-advisor , 2012, Richmond Fed
Ömer T. Açıkgöz , Committee Member , 2011, Yeshiva Univ
Gonzalo Castex , Committee Member , 2010, Central Bank of Chile
Ricardo M. Santos , Committee Member , 2009, ITAM
Juan M. Sanchez , Committee Member , 2008, Richmond Fed.
Research and Teaching Experience:
Instructor , Human Life and Economy (Undergraduate), SNU
Instructor , Intermediate Macroeconomics (Undergraduate), Rochester
Instructor , Macroeconomics I (Graduate), Rochester, SNU
Instructor , Topics in Macroeconomics (Graduate), Rochester, SNU
Instructor , Quantitative Macroeconomics (Gradulate), Rochester, SNU
Senior Economic Analyst , Federal Reserve Bank of Philadelphia, 2003 - 2005
Additional Skills:
Languages: Korean, English
Extensive programming experience in: FORTRAN, parallel computing (MPI), STATA,
MATLAB, GAUSS and EVIEWS
Personal:
US Permanent Resident (Citizenship: Korean)
Married, two children