Supervised by William C. Wheaton and Peter A. Diamond.
Rural to Urban Migration as a Household Decision: Evidence from Kenya.
Agesa, Richard U, Kim, Sunwoong
A simple intertemporal expected-utility model for the household is developed to explore the determinants of split and family migration. Split migration occurs when the household head moves from a...
Modeling the Korean Chonsei Lease Contract
Brent W. Ambrose, Sunwoong Kim
Chonsei is a unique Korean lease contract in which the tenant pays an up-front deposit, typically about 40 to 80% of the value of the property, with no requirement for periodic rent payments. At the...
On using mandatory retirement to reduce workforce in korea
Since the financial crisis in 1998, many Korean corporations with low profitability and excessive liabilities cut operating costs. They had to deal with exorbitant wage increases that outpaced...
Widening inter-county inequality in Jiangsu province, China, 1950-95
Yehua Dennis Wei, Sunwoong Kim
Scholars have heatedly debated the change of regional inequality in China and policies for intervention. However, most studies on China are based on macro regions and provinces, and have paid less...
Search, Hedonic Prices and Housing Demand.
The conventional model of the housing market does not take into account the search process for a suitable housing unit. Based on a dynamic search theory, this paper develops and estimates a truncated...
Policies to Reduce Rent Seeking in Controlled Markets
We analyze the effects of various policies to reduce rent seeking in the controlled market in which buyers have heterogeneous valuation regarding the coveted good. The good is allocated according to...
Labor Specialization and the Extent of the Market.
This paper presents an analytical model of labor specialization. Workers make human capital investment decisions on the depth and the breadth of their skill. Given that firms have diverse job...
Education, Job Signaling, and Dual Labor Markets in Developing Countries
An overlapping generational model of educational investment in a dual labor markets is presented in which education serves both as a screening device and as investment in human capital. Labor market...
Labor Specialization and Endogenous Growth
International Development, Labor and Human Capital,