The Unintended Consequences of Post-Disaster Policies for Spatial Sorting (with Marcel Henkel and Pierre Magontier) Journal of Political Economy (Revise and Resubmit)
Abstract: This study examines the influence of Asian immigrants on housing price appreciation, distinguishing between the effects of education and non-education factors, based on US county-level data (2009 - 2018). To address potential endogeneity concerns, instrumental variables are employed to account for Asian immigrants' location choices and school performance outcomes. The results indicate that housing price appreciation associated with Asian immigrants is primarily observed in counties with the highest Asian population shares. Furthermore, the presence of Asian students contributes to improved academic performance among students of other races, with approximately one-third of the housing price appreciation linked to enhanced school outcomes.
Homer Hoyt Doctoral Dissertation Award 2021 (Honorable Mention); Lusk Real Estate Center Research Grant; KSEA Best Poster Award; AREUEA Dissertation Award
Work in Progress
Confidential data acquired from the U.S. Dep of Housing and Urban Development (HUD)
The Rise of E-commerce and Generational Consumption Inequality: Evidence from COVID-19 in South Korea (with Hyunbae Chun and Dongyun Yang), Regional Science and Urban Economics (Accepted!)
Abstract: Using COVID-19 as a sudden negative mobility shock in consumption accessibility, we show that the ability to shift to online consumption as an alternative to physical visits to brick-and-mortar stores disproportionately benefits younger people. Employing credit card transaction data linked to cardholders’ demographic characteristics, we construct online spending shares by age group to study the generational disparity in online consumption when consumer mobility was constrained. We estimate a difference-in-difference model based on an exogenous regional outbreak of COVID-19 in South Korea. Our results show that when the mobility costs to offline stores unexpectedly increased due to the pandemic, the older groups (45 and older) were less likely to shift their spending online than younger people (20 - 44). The limited shift to the online consumption of older people resulted in decreases in their total consumption, while that of younger ones changed little, thereby increasing generational consumption inequality. With the rising trend of e-commerce, our findings highlight that the generational difference in the adaptation to new shopping technologies is an increasingly important factor impacting consumption inequality.
JUE Insights: How Do Cities Change When We Work from Home? (with Matt Delventhal, Andrii Parkhomenko) , Journal of Urban Economics, 2022
The Effect of Super Supermarket on the Entry and Exit of Retail Stores in Korea (with Hyunbae Chun), Korean Economic Review, 2016 (in Korean)
cited: J.P Morgan (2023 Oct)
What Will Become of our Cities if Work-from-home Truly Becomes the New Normal? University of Barcelona, Institut d'Economia de Barcelona, IEB Report 2021/1. (Editor: Jordi Jore-Monseny, Elisabet Viladecans-Marsal)
Harmonization of Cross-National Studies of Aging to the Health and Retirement Study – User Guide: Physical and Anthropometric Measurement (with Peifeng Hu) CESR Reports, Report No. 2018-001, Jan 2018