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Jungmin Lee

Seoul National University, South Korea, and IZA, Germany

IZA World of Labor role

Author

Current position

Professor of Economics, Seoul National University, South Korea

Research interest

Labor economics, applied micro-economics, experimental economics

Website

https://sites.google.com/view/jungminlee71/

Positions/functions as a policy advisor

Member of Committee on Youth Employment, Korean Economic and Social Development Commission

Past positions

Associate Professor of Economics, Sogang University, 2010–2016; Assistant Professor of Economics, Florida International University, 2007–2010; Assistant Professor of Economics, University of Arkansas at Fayetteville, 2004–2007

Qualifications

PhD Economics, University of Texas at Austin, 2004

Selected publications

  • "Does labor legislation benefit workers?" Journal of the Japanese and International Economies 33 (2017): 1–12 (with D. Hamermesh and D. Kawaguchi).

  • "Who is sitting next to you? Peer effects inside the classroom." Quantitative Economics 8:1 (2017): 239–275 (with S. C. Hong).

  • "Can working hour reduction save workers?" Labour Economics 40 (2016): 25–36 (with Y. Lee).

  • "Long-run impact of traumatic experience on attitudes toward risk." Journal of Economic Behavior and Organization 108 (2014): 174–186 (with A. Kim).

  • "The impact of a mandatory cooling-off period on divorce." Journal of Law & Economics 56:1 (2013): 227–243.

article(s)

  • The labor market in South Korea, 2000–2018 Updated

    The labor market stabilized quickly after the 1998 Asian crisis, but rising inequality and demographic change are challenges

    Jungmin Lee, January 2020
    South Korea has boasted one of the world's most successful economies since the end of World War II. The South Korean labor market has recovered quickly from the depths of the Asian crisis in 1998, and has since remained surprisingly sound and stable. The unemployment rate has remained relatively low, and average real earnings have steadily increased. The South Korean labor market was resilient in the wake of the global financial crisis. However, there are issues that require attention, including high earnings inequality, an aging labor force, increasing part-time jobs, and rising youth unemployment rates.
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