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Jay H. Hong
Curriculum Vitae (September 2017)

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, 151-746, Korea  http://jayhong.snu.ac.kr


  • Associate Professor in Economics, Seoul National University, 2014 - present
  • Associate Professor in Economics, University of Rochester, 2012 - 2014
  • Assistant Professor in Economics, University of Rochester, 2006 - 2012


  • 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


  1. Labor Market Uncertainty and Portfolio Choice Puzzles,” (with Yongsung Chang & Marios Karabarbounis), American Economic Journal: Macroeconomics, 10(2), 2018.
  2. 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.
  3. Population Aging and Extension of Retirement Age,” (with Yongjae Lee, & Taesu Kang), Economic Analysis: Bank of Korea (in Korean), 22(2), 2016.
  4. Constrained Efficiency in the Neoclassical Growth Model with Uninsurable Idiosyncratic Shocks,” (with Julio Dávila, Per Krusell, & José-Víctor Ríos-Rull), Econometrica, 80(6), 2012.
  5. Life Insurance and Household Consumption,” (with José-Víctor Ríos-Rull), American Economic Review, 102(7), 2012.
  6. Social Security, Life Insurance and Annuities for Families,” (with José-Víctor Ríos-Rull), Journal of Monetary Economics, 54(1), 2007.
  7. Do Technological Improvements in the Manufacturing Sector Raise or Lower Employment?,” (with Yongsung Chang), American Economic Review, 96(1), 2006.

Working Papers:

  1. Wage Volatility and Changing Patterns of Labor Supply,” (with Byoung Hoon Seok & Hye Mi You), revise & resubmit, International Economic Review
  2. Life Insurance and the Value of Spouses: Labor Supply vs. Household Production,”.

Research in Progress:

Grants, Honors and Awards:

  • Young Scholar Award, Korea-America Economic Association, 2008
  • Graduate Fellowship, University of Pennsylvania, 2001
  • KFAS Scholarship, the Korea Foundation for Advanced Studies, 2000-2005
  • Award for Academic Excellence, Seoul National University, 1997
  • Department Fellowship, Seoul National University, 1996

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.
  • Invited Seminar: Rochester (2017), Korea Institute of Finance (2017), Bank of Korea (2016), Nat’l Univ. of Singapore (2016), Sogang Univ (2016), Seoul Nat'l -- Finance (2015) ,GRIPS-Tokyo (2015), Seoul Nat'l Univ (2015), Korea Univ (2015),, Seoul Nat’l Univ (2013), Queen’s (2012), Stony Brook (2012), Atlanta Fed (2012), Yonsei Univ (2011), Seoul Nat’l Univ (2011), Minneapolis Fed (2010), St. Louis Fed (2010), EUI (2010), Korea Univ (2008), Seoul Nat’l Univ (2007), Georgetown (2007), Queen’s (2006), Korea Univ (2006), San Francisco Fed (2006), Federal Reserve (2006), Rutgers (2006), Rochester (2006), Toronto (2006), Richmond Fed (2006), Lehigh (2006), Penn (2005)
  • Conference: Workshop on Heterogeneous Agents Models in Macroeconomics (2013); ASU CASEE Quantitative Macroeconomics Conference (2012); BK21 Summer Macro Workshop (2012); Asian Meeting of the Econometric Society (2011); WCU conference (2010); Econometric Society Summer Meeting (2009); Carnegie-Rochester Conference on Public Policy (2006); Murray S. Johnson Memorial Conference, the University of Texas at Austin (2005); NBER Summer Institutes (2003)
  • Conference Organizer: SED Program Commitee: 2014 (Toronto), 2013 (Seoul)
  • Committee: University of Rochester Research Computing Committee (2006-present), Placement Director (2011, 2012)


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


  • US Permanent Resident (Citizenship: Korean)
  • Married, two children