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 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), forthcoming in Korean Economic Review, 2019.
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),
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),
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),
Population Aging and Extension of Retirement Age,” (with Yongjae Lee, & Taesu Kang), Economic Analysis: Bank of Korea (in Korean), 22(2),
Constrained Efficiency in the Neoclassical Growth Model with Uninsurable Idiosyncratic
Shocks,” (with Julio Dávila, Per Krusell, & José-Víctor Ríos-Rull), Econometrica, 80(6),
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
“Firm Size Distribution along the Business Cycle,” (with
Árpád Ábrahám & Eva
“Health, Consumption, and Inequality,” (with
Pijoan-Mas & José-Víctor Ríos-Rull).
“The Role of Unemployment Risk for Aggregate Dynamics During the Great Depression,”
“ 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
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
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