Minhee Kim. Labor economics, Empirical macroeconomics, Econometrics

Transcription

1 Minhee Kim 1400 Washington Avenue, Albany, NY Phone: (518) Citizenship: South Korea (on F-1 Visa) EDUCATION Ph.D., Economics,, Expected May 2018 M.A., Economics, Sungkyunkwan University, February 2009 B.A., Economics, Sungkyunkwan University, February 2007 FIELDS Labor economics, Empirical macroeconomics, Econometrics PAPERS Job market paper A dynamic model of labor supply and fertility with Ben-Porath human capital accumulation, Under review Working papers Married women s wage penalty of career interruptions: Evidence from the 1970s to the 1990s (with John Bailey Jones and Byoung Gun Park), Revise & Resubmit at Oxford Bulletin of Economics and Statistics The overeducation penalty of married women, Under review Identification and estimation of averages of potential outcomes in sample selection models (with Byoung Gun Park), Under review Work in progress Health capital, human capital and maternity leave Household savings and human capital investment Publications The E ect of Private Tutoring Expenditures on High School Grades in Korea, Kukje Kyungje Yongu, Volume 16 Number 2, 2012, , MinSeong Kim and Minhee Kim

2 EXPERIENCE TEACHING EXPERIENCE GRANTS AND FELLOWSHIP PRESENTATION OTHER PUBLI- CATIONS (SELECTED) Senior Researcher, Korea Institute for International Economic Policy (KIEP), Research Assistant, Brain Korea 21 Project Sponsored by Korea Government, Sungkyunkwan University, Seoul, Korea (Professor Minseong Kim) Lecturer, University at Albany, Fall Principles of Economics II: Macroeconomics (ECO 111) International Economic Relations (ECO360) Teaching Assistant, University at Albany, Microeconomics (Ph.D. course), Fall 2013 Teaching Assistant, Sungkyunkwan University, Helen Horowitz Award for Excellence in Teaching, University at Albany, 2017 UUP discretionary award, University at Albany, 2016 Graduate Scholarship, University at Albany, Graduate Research Scholarship, Brain Korea 21 Project Sponsored by Korea Government, Sungkyunkwan University, Graduate SKKU Scholarship, Sungkyunkwan University, A dynamic model of labor supply and fertility with Ben-Porath human capital accumulation, Macroeconomics Seminar, University at Albany- SUNY, 2016 & 2017 Married women s wage penalty of career interruptions: Evidence from the 1970s to the 1990s, Macroeconomics Seminar, University at Albany- SUNY, 2015 The Excelsior Scholarship in New York State, Global Social Security Review, Korea Institute for Health and Social A airs, 2017 Experiment Methodologies for Measuring the E ectiveness of Aid Projects, Kitae Sohn and Minhee Kim, Korea Institute for International Economic Policy, 2011 Employment-Oriented Green Aid: Case Studies and Implications, Baran Han and Minhee Kim, Korea Institute for International Economic Policy, 2010

3 The Strategy for Economic and Development Cooperation Between Korea and Major African Countries: Ghana, DRC, South Africa and Ethiopia, Youngho Park, Minhee Kim, HyelinJeon, Korea Institute for International Economic Policy, 2010 An Analysis of Micro-mechanisms for E cient ODA and its Policy Implications, Kitae Sohn and Minhee Kim, Korea Institute for International Economic Policy, 2009 An Exploration of an Integration Index and its Application for Asian Regional Community, Heung chong Kim, Minhee Kim et al. Korea Institute for International Economic Policy, 2009 SKILLS MATLAB, STATA, GAUSS, L A TEX, R and SAS LANGUAGES English (fluent), Korean (native) REFERENCES John Bailey Jones Senior Economist Research Department FRB of Richmond john.jones@rich.frb.org Gerald R. Marschke Associate Professor gmarschke@albany.edu Michael Sattinger Professor msattinger@albany.edu Byoung Gun Park Assistant Professor bpark2@albany.edu ABSTRACT OF PAPERS A dynamic model of labor supply and fertility with Ben- Porath human capital accumulation The aim of this study is to explain two remarkable changes that occurred in the female labor market between the 1970s and the 1990s using a human capital investment model: (1) labor supply of married women has been more compatible with having children and (2) married women have faced higher wage growth rates as a result of higher participation. To this end, this paper constructs a dynamic stochastic labor supply model in which fertility and investment decisions are

4 choice variables. I incorporate the Ben-Porath human capital accumulation into the model to link the expected intermittency caused by having children to women s human capital. Specifically, women who expect to work less during child-rearing ages invest less in their human capital and face lower wages. After calibrating the model to match the 1970s cohort in the PSID data, which has lower participation and lower wages, I examine factors that might contribute to the observed changes over the two decades. From the numerical experiments, the main findings are as follows: (1) the decrease in childcare costs is the sole factor that accounts for the simultaneous increase in the labor participation and fertility rates and (2) the increased returns to experience generate higher wage growth through higher human capital investment. I emphasize the role of investment to shed light on the observed changes by comparing the model with no investment. Married women s wage penalty of career interruptions: Evidence from the 1970s to the 1990s We assess how the wage penalties of the labor market absences of married women have changed between the 1970s and the 1990s. The strategy developed by Semykina and Wooldridge (2010) is implemented to solve several econometric problems including selection bias, unobserved heterogeneity and endogeneity in women s wage equations. The empirical results provide that the wage penalties experienced by married women have risen over the two periods. We explain why the wage penalty has risen over the two decades using a decomposition method suggested by Juhn et al.(1991). The increased penalties can be explained by a larger di erence in occupation between those who had career interruptions and those who worked continuously. In other words, workers with career interruptions were, relative to those working continuously, less likely to have moved into higher-level occupations in the 1990s. Furthermore, the increased returns to experience also play a role in accounting for the increased wage penalties. The overeducation penalty of married women This study investigates the wage consequences of married women s overeducation compared to those of either married men or single women. First, this paper provides empirical evidence that married women face the lowest overeducation penalty relative to others. To correct unobserved heterogeneity and selection bias together, I use the selectivitycorrected version of the fixed e ect model and the method proposed by Wooldridge (1995). These empirical results are supported by a model from Sattinger and Hartog (2013) in which Nash bargaining predicts an overeducation penalty. Their paper finds that a worker with lower bargaining power faces a less severe penalty. Using their results, I assert that the least penalty that married women experience can be explained by their lower bargaining power in the labor market.

5 Identification and estimation of averages of potential outcomes in sample selection models This paper proposes new identification and estimation methods for the average of the latent outcome. In the literature, identification of the average of the latent outcome often relies on distributional assumptions and/or the identification-at-infinity method. In this paper we identify the average for the people on the margin and the local average for the compliers. It provides a unified framework to accommodate two assumptions commonly used in the literature - large support assumption and symmetry assumption. If one of the two assumptions holds, the average is identified for the entire population. We also propose an inverse-probability-weighted-average-derivative (IPWAD) estimator for the average of the latent outcome in semiparametric sample selection models. We prove that the estimator has p n convergence rate and is asymptotically normal. We illustrate the performance of the estimator with extensive Monte Carlo simulations and a classical empirical example of estimating women s wage equation.