pdf   < home

Jay H. Hong
Curriculum Vitae (August 2019)

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


  • 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. Accounting for Changes in House Prices and Rent in Korea, 2001-2016,” (with Choonsung Park & Joon Song), forthcoming in Korean Economic Review, 2019.
  2. Wage Volatility and Changing Patterns of Labor Supply,” (with Byoung Hoon Seok & Hye Mi You), International Economic Review, 60(2), 2019.
  3. The Redistribution Effects of National Pension in Korea,” (with Yongjae Lee, & Jongsuk Han), Korean Journal of Economic Studies (in Korean), 67(3), 2019.
  4. 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.
  5. Labor Market Uncertainty and Portfolio Choice Puzzles,” (with Yongsung Chang & Marios Karabarbounis), American Economic Journal: Macroeconomics, 10(2), 2018.
  6. 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.
  7. Population Aging and Extension of Retirement Age,” (with Yongjae Lee, & Taesu Kang), Economic Analysis: Bank of Korea (in Korean), 22(2), 2016.
  8. Constrained Efficiency in the Neoclassical Growth Model with Uninsurable Idiosyncratic Shocks,” (with Julio Dávila, Per Krusell, & José-Víctor Ríos-Rull), Econometrica, 80(6), 2012.
  9. Life Insurance and Household Consumption,” (with José-Víctor Ríos-Rull), American Economic Review, 102(7), 2012.
  10. Social Security, Life Insurance and Annuities for Families,” (with José-Víctor Ríos-Rull), Journal of Monetary Economics, 54(1), 2007.
  11. Do Technological Improvements in the Manufacturing Sector Raise or Lower Employment?,” (with Yongsung Chang), American Economic Review, 96(1), 2006.

Research in Progress:

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)


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