Research

WORKING PAPERS

1. 1. Kang, DongIk & Lee, Youngjae, Rising Income Inequality and the Fertility of Highly Skilled Women, R&R at Review of Economic Dynamics

   2. Kown, Oh ik., Kim, Young sik., and Lee, Youngjae., Too Busy to Procreate: Inflexible Labor Market and Ultra-low Fertility

   3. Lee, Youngjae, Decomposition of Won-Dollar Exchange Rate Volatility: A Present Value Approah

Publication

1. Lee, Youngjae, & Lee, Seunghak (2025), Multilateral Dimensions of Bilateral Trade of Korea:  A Comparative Analysis of Gross, Value-Added, and Income-Based Approaches, Global Economic Review, In press

2. Lee, Youngjae (2024), Breaking the Vicious Circle: Macroeconomic Perspectives on Policy Interventions for Female Labor Supply and the Gender Wage Gap, Global Economic Review, 53(1)

3. Lee, Y., Chang, J., & Song, S. (2023), Infectious Disease Control and Economic Gains in Pandemic: The Case of South Korea, Economic Research, 36(2)

4. Lee, Y. (2022), Labor Outsourcing and Labor Productivity Illusion. Journal of Industrial Economics and Business (산업경제연구), 35(5)

5. Lee, Y. (2021), Zombie Firms and Markups, Journal of Industrial Economics and Business (산업경제연구, KCI), 34(3)

6. Jeong, S., Kang, S., & Lee, Y. (2020), Government Spending and Sustainable Economic Growth: Based on First- and Second-Level COFOG Data, Public Money and Management, 40(2)

7. Lee, Y., Hong, J. H., & Han, J. (2019), The Redistribution Effects of National Pension in Korea: Analysis Using Life-Cycle Model with Heterogeneous Agents, Korean Journal of Economic Studies (경제학연구, KCI), 67(3), Best Paper of the Year

8. Han, J., Lee, Y., & Hong, J. H (2017). The Effect of Child Care Subsidies on Labor Supply of Married Women: Quantitative Analysis Using Life-Cycle Model, Korean Journal of Economic Studies (경제학연구, KCI), 65(3), Best Paper of the Year

9. Hong, J. H., Lee, Y., & Kang, T. (2016), Population Aging and Extension of Retirement Age: Quantitative Analysis Using Overlapping Generations Model, Economic Analysis (경제분석, KCI), 22(2)

Selected Policy Papers

• Korean Economic Outlook (Indigo Book), Bank of Korea [In Korean & English]

  • (2023-2024) Feburary, May, August, and November Issues

  • Role: Key Assumptions of the Forecast, Economic Growth Projection, Scenario Analysis

• Recent Economic Developments, Bank of Korea [In Korean & English]

  • (2023-2024) January, April, July, October Issues

  • Role: Key Assumptions of the Forecast, Economic Growth Projection, Scenario Analysis

• Kim S., et al. (2023), Reassessing the Domestic Economic Impact of China's Reopening, BOK Issue Note, 2023-11 [In Korean]

• Yoon., Y et al. (2023), The Impact of China's Reopening on South Korean Economy, BOK Issue Note, 2023-6 [In Korean & English]

• Lee., Y., & Lee., S. (2022), Incidence Analysis of Balance of Trade: The Comparison of Gross Value-Added and Income Trade, Bank of Korea Monthly Bulletin, 2022-11 [In Korean]

• Lee, Y., & Song, S. (2019), How Does Labor Outsourcing Affect the Labor Productivity of Manufacturing Firms?, Bank of Korea Monthly Bulletin, 2019-4 [In Korean]

• Lee, Y., & Song, S. (2018), A Quantitative Analysis of Policies for Raising Married Women's Labor Market Participation, Bank of Korea Quarterly Bulletin, 2018-Q3

• Lee, Y., & Song, S. (2018),  Changes in the Labor Market Structure and Policy Issues, Chapter III, 2018, Bank of Korea [In Korean]