Assistant Prof Dep of Finance
@LindnerCollege
| Urban/Real Estate Economist | Mobility and City Dynamics | Ph.D.
@USC_Econ
| from 🇰🇷 | Love ppl, food, cities
Our paper w/
@NaraeLeeRes
(extension from my job market paper) got accepted
@nberpubs
Summer Institute 2024 Urban Economics organized by Ed Glaeser!! Super thrilled and honored to be a part of this amazing program (and nervous..) 🥹
Last year, I married to a Midwestern man who is caring, supportive of my weird academic life, and appreciates my culture
The photo was taken in Gyeongbokgung Palace, the main royal palace in Seoul, (Joseon dynasty built in 1395). We are wearing Hanbok, Korean traditional clothes
Check out my JMP!
#EconTwitter
Highspeed rail in S Korea reduces the gender gap via the increase in labor demand in the female intensive sectors (esp. local service). It is leveraged by the increase in local amenities (esp. childcare) which encourages women to supply more labor.
Accepted at Regional Science and Urban Economics!
"The Rise of E-Commerce and Generational Consumption Inequality: Evidence from COVID-19 in South Korea”
I am humbled to share that I received Homer Hoyt Doctoral Dissertation Award (Honorable Mention). Thanks to my incredible supervisors (
@mattkahn1966
,
@keynesianr
, Paulina Oliva). I thank
@AREUEA_ORG
and the committees for their generosity to support junior researchers like myself
I survived the 1st year as an AP, came to my favorite conference
@UrbanEconomics
@LSEEcon
, show-cased our new working paper, reunited with awesome friends/ mentors. Most of all, was so delighted to see my coauthors
@magontierp
& Marcel, who helped me to get through a tough year
My second visit of the year to the World Bank, where I will present my paper alongside
@NaraeLeeRes
at the 2024 Annual World Bank Conference on Transport Economics!
Thanks
@mherreradappe
for the generous hosting!!
Very happy to see this. My jmp : Why Do Improvements in Transportation Infrastructure Reduce the Gender Gap in South Korea? was also influenced by her. I remember when
@mattkahn1966
sent me Claudia’s papers. It was a mind blowing moment. Thank you for being an inspiration.
BREAKING NEWS
The Royal Swedish Academy of Sciences has decided to award the 2023 Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel to Claudia Goldin “for having advanced our understanding of women’s labour market outcomes.”
#NobelPrize
My JMP "Why Do Improvements in Transportation Infrastructure Reduce the Gender Gap in S Korea?" and coauthored work "Optimal Density Restrictions" w/
@parkhomenko_a_v
@mattd_econ
are accepted to
@UrbanEconomics
annual conference! Very excited and honored to get the chance!!
Asian immigrants' impact on the US housing mkt is evident, however, the underlying channels remain unclear. we focus on education as a key amenity affected by Asian arrival. We show 1/3 of housing appreciation is attributed to education improvement.
Had a great farewell dinner with the two most influential ppl in my life (except for my parents). They are not just academic advisors to me. They are my life mentors, role models, and great friends. Thank you for taking chances on me
@mattkahn1966
@keynesianr
.
Sunday morning walk around UCLA campus, w/
@mattkahn1966
, who grew me as a researcher and an economist. Our last ‘in person’ meeting was in 2019 Fall in Barcelona, while both of us were visiting the University of Barcelona.
Blessing to have him as my life mentor!
Back in Korea for winter vacation. S Korean government imposed 10 days of quarantine at entry and it’s my day 5. Feels like I came for a research retreat with mom’s cook.
Hi
#EconTwitter
, I and my junior coauthors (
@magontierp
,
@mhenkelm
) wanted to ask whether any of you would have recommendations for English proof-reading service for Economics journals. Any guidance would be greatly appreciated!
#InternationalWomensDay
!
Women are still under-represented in Econ/RealEstate/Finance. I am one of the two female faculty in the dep, and many female students struggle to find role models. Tons of opportunities in Econ/RealEstate/Finance and I wish to see more successful women!
I was invited to give a talk "Emerging Research Trends in Urban/Real Estate Econ" at the Yonsei-Ewha-Sogang University grad student conference,
My goal was to inform smart Korean grad students (many are pre-docs) about the field of urban&real estate econ.
@UC_RealEstate
New WP🚨
When mobility was constrained during the pandemic, younger ppl (20-44) shifted their consumption to online, but older ppl (45+) could not => 50% increase in the generational online consumption gap. We show this using S Korean credit card data
1/3
Today in my real estate principle class, we discussed about racial segregation issue as a part of internal city structure lesson. These racial dot maps fascinate me every time I look at them.
#uea
all-star game:
@leah_boustan
gave a fantastic lecture on Race, migration, and cities. She suggested taking a moment of silence for George Floyd, at the beginning. Seeing a prominent prof not only with economics but also with heart is an eye-opening feeling
#EconTwitter
Today at 11AM
@leah_boustan
will give an incredibly timely lecture on
Race, Migration and Cities
As part of the Lectures on Urban Economics series by the Urban Econ Assoc.
For free registration, the slides, other materials:
In Korea, ppl kindly advised me not to do PhD as “no man likes smart women” This was a serious concern for me No jk
Thx to role models & mentors & friends that I met
@USC_Econ
, I am now a happy researcher and a beloved woman (frustrated at times)
Ladies, do Econ/RE/FIN. It’s 😎
Great speakers at
@USC_Econ
Women in economics panel discussion today! Thank you so much Marianne Andries,
@eunjeeecon
@mmorl89
@EmilyNix100
, Paulina Oliva for sharing your valuable experience. The energy in the room was ✨🔥
Korea has the lowest total fertility rate, at the same time, too enthusiastic about education due to status externalities. This brilliant paper by
@MinchulYum
and coauthors quantitatively link these two. Potential remedy - A pro-natal transfer and education tax. Congrats!!
Today, Korean American Economics Association (KAEA)-VSS Empirical Micro & Microeconometrics seminar, Pedro Sant'Anna
@pedrohcgs
@Microsoft
presented 'Diff-in-Diff w/ a continuous treatment'.
He strikes me as a great presenter as well. I could understand an econometrics talk!
In my Real Estate Valuation class this semester, I added a lecture on "AI and Real Estate". It explores how professionals in the industry can utilize AI to enhance their work.
#realestate
#ai
Visiting
@MIT_SUL
@MITCRE
for a month! The center people are super friendly. I hope to learn a lot from this visit and wish to contribute to the research community.
Zoom was efficient but physical proximity matters in knowledge spillovers. Thx for the invite
@Siqi_MIT
University of Cincinnati real estate group is hiring a postdoc. Come and work with a vibrant real estate group!! We work on urban economics, real estate economics, and real estate finance.
@GaryDeanPainter
@AREUEA_ORG
Hiring!!! We are excited to offer this post-doctoral scholar position to work with our real estate faculty and other collaborators across the university. Please reach out if you have any questions.
@eunjeeecon
One of my fave conferences is hapenning tmr!! I went to the UEA conference for the first time in 2018 and fell in love with Urban & Real Estate Econ ever since then. I will be chairing & presenting at 5F. Small Area Fair Market Rents Sat. 9-11am
I look forward to seeing you all!!
In 2021, I applied for + 200jobs> ~15 interviews>5 flyouts>3 offers+ 1 finalist that I had to forgo before the last stage.
N. interviews was disappointing, but I put A LOT of effort into turning every interview into an offer. My advisor,
@mattkahn1966
, trained me well for that.
WE ARE HIRING! Open Rank Prof in Real Estate, Dep of Finance, U of Cincinnati
@LindnerCollege
200+ undergrads w/ great endowment
@UC_RealEstate
. Cincy is a fun city w/ decent urban amenities
Let me know if you have questions!
@AREUEA_ORG
@UrbanEconomics
On my way to
#ASSA2024
. I will present at “Urban Econ and Places” (Sun 1pm) and discuss at “Housing policies and the environment” (Sun 10:15am). Look forward to catching up with many friends & getting inspired! Thx
@AREUEA_ORG
for putting programs together!! Let’s meet up!
Students in my real estate valuation class presenting “Future of Office Market”. It was an open topic (&voluntary) presentation, which shows that they are truly interested in these topics. We brainstormed the potential solutions together, which is closely related to my research.
I greatly enjoyed being a guest speaker of
@mattkahn1966
’s Master's Urban economics class. We discussed HSR in S Korea and its spatial implications on the gender gaps. The students
@USC_Econ
asked brilliant questions and I learned a lot from them.
Duflo & Banerjee’s takes on non-developing countries’ issues (immigration, inequality etc)
Their book Poor Economics, inspired me to apply to an econ PhD 12 yrs ago. I am hoping to find inspiration in their wisdom again.
First chapter title is “Make Economics Great Again” 🤪
My PhD committees were Kahn (advisor) and Oliver from
@USC_Econ
, Green from
@USCPrice
. I coauthored with Parkhomenko from
@USCMarshall
and worked as an RA for
@CESRUSC
. I got mentored by so many of them. It has improved even more. Half of them on the list were not there!!!
If you are interested in conducting a PhD in economics, with an interest in applied micro, I thoroughly recommend applying to
@USC_Econ
.
We have over 40 faculty who conduct research in or related to applied micro across many different fields across the school.
During my visit
@LuskCenter
, I reunited w/ my three academic mentors
@mattkahn1966
@keynesianr
& Paulina Oliva (dream team!!)
@USC_Econ
@USCPrice
Academic presentation in front of my teachers was still one of the most nervous ones.
I am grateful to have them as my life mentors
Our research on 'Zoning and the Density of Urban Development' with
@mattd_econ
and
@parkhomenko_a_v
was recently mentioned in this JP Morgan piece. We are committed to furthering our work on the zoning issue.
My first ASSA/
@AREUEA_ORG
meeting in person and first time to New Orleans!
Join me at my & my coauthor
@aang_econ
's presentation at Climate Risk session (Fri 12:30pm) & Immigrants and Housing (Sun 10:15am) session
and.. let's grab drink!!
Our research “The impacts of Asian Immigrants on Schol Performance and Local Housing Markets in the US” w/
@Siqi_MIT
and
@aang_econ
is well summarized in this MIT Center for Real Estate summary.
Full paper here:
How does
#immigration
from
#Asia
to the US transform the socioeconomic landscape of the places they move? New working paper shares insights into housing price appreciation effects and their potential connection to access and quality of local amenities. 🔗
Adapted for COVID—How Do Cities Change when We Keep Working from Home?
This question is answered by
@delventhal_matt
@parkhomenko_a_v
and I, using a quantitative general equilibrium model in the Los Angeles metropolitan area.
paper:
#EconTwitter
My real estate principle class
@LindnerCollege
is in person, with 80+ students. I used this opaque mask which I liked
Pros: students can hear me better. facial expression is visible &my smile makes me approachable.
Cons: difficult to breathe. it can be moistened. I look funny.
On my way to Fed Philly. Look forward to CURE! Thx for organizing & invite
@jeffrlin
@JerryCarlino
@jessiehandbury
Gilles Duranton. Excellent urban research grp!
2019
@UrbanEconomics
Philly was my first Urban Econ conference presentation as a student. I feel nostalgic to be back
Last year, when I was a desperate JMC,
@newyorkonomics
was super nice enough to be on a Zoom call for more than an hour, helping me organize the structure of my JMP spiel. Please reach out to him. you need this...
Moving is costly.
In our work-in-progress paper w/ Mike Eriksen and Guoyang Yang, which uses the universe of voucher holder’s info, we observe only 12-13% voucher holders ever move, even when they are financially incentivized to move to better neighborhoods.
Forthcoming in the AER: "Creating Moves to Opportunity: Experimental Evidence on Barriers to Neighborhood Choice" by Peter Bergman, Raj Chetty, Stefanie DeLuca, Nathaniel Hendren, Lawrence F. Katz, and Christopher Palmer.
I saw a few friends very closely who suffered from mental breakdown during PhD. I am a positive and happy person generally, however, I was also stressed and freaked out. Job mkt experience was particularly tough, and I needed A LOT of supports from my advisors, family & friends.
Now that I am writing my diversity/teaching/research statements for my job applications, I reflect on my past 10 years of journey, to get PhD in Economics. [1/n]
I thank
@WeihuaZhao
for hosting me @ U of Louisville! Applied micro grp is sharp and friendly.
Got good feedback on my new work w/
@Siqi_MIT
&
@aang_econ
"The Impacts of Asian Immigrants on Neighborhoods and Housing Markets in the U.S."
Photo from happy hours w/ great KY beer!
I collected photos of myself presenting this year, and I noticed that I use my hands a lot while presenting, almost like a rapper. 😎
I hope to further improve my presentation and public speaking skills.
The future of cities is being shaped now. Will rapid growth lead to density and prosperity or congestion and sprawl? Join us at the 8th Urbanization and Poverty Reduction Research Conference on March 7-8
@IGC_CtW
,
@ElliottSchoolGW
,
@IIEPGW
&
@MCCgov
This semester, I taught real estate principles and valuation to over 100 students
@LindnerCollege
I thank each of my students and guest speakers from whom I learned tremendously. It is a blessing to teach and learn about something I am passionate about. 🥹 now time for research!
It was my honor to be at the 7th Urban Econ Workshop
@FundacioIEB
. I got great feedback on my work and inspiration from the high quality program. Enjoying tapas bars with urban economists was so fun.
Thank organizers for the fantastic organization!!
We will be having a Summer Seminar Series.
Our first speaker is Dr. Eunjee Kwon (
@eunjeeecon
) presenting, "The Impacts of Asian Immigrants on School Performance and Local Housing Markets in the U.S."
🚨FINALLY!! Super excited to distribute the working paper w/
@magontierp
&
@mhenkelm
.
Why people are not moving away from hazardous areas with natural disaster risks ⁉️ Do post-disaster policies encourage adverse sorting in exposed areas ⁉️
Paper Link:
🚨
@mhenkelm
,
@eunjeeecon
, and I are very proud to announce our new WP✌️
When a natural disaster occurs, people expect post-disaster aid...
➡️But did you know that post-disaster aid pushes more people into disaster-prone areas?
Link:
Tldr? A short 🧵 1/9
Belated merry Christmas and early happy new year! I got a sled as a Christmas gift 🛷 and it was so fun! Wish all of my friends on Twitter happy and warm year end 🎁
Check out my coauthor
@parkhomenko_a_v
's LA Times piece on "How remote working in the post-COVID-19 era could transform L.A. and other cities", which was written based on our paper about work from home arrangement!!
#EconTwitter
#UrbanEconomics
Looking forward to the “Women in Econ Panel discussion”
@USC_Econ
. It is my honor to be (virtually) back as a panelist.
The number of female profs at the dep grew tremendously since 2015, and they were my great mentors & role models when I was a grad student
#EconTwitter
I look forward to presenting "Unintended Consequences of Post-Disaster Policies for Spatial Sorting" w/
@magontierp
&
@mhenkelm
at
@MITCRE
Climate & RE Symposium on Sunday. Speaker line-up is fantastic.
Soon our new WP will be released (w/ many updates).
My fave conference of the year! I will present our new work on the impact of Asian immigrants on the neighborhood in the US (w/
@Siqi_MIT
and
@aang_econ
). My coauthor Marcel Henkel is presenting our work (w/
@PierreMagontier
) on the post-disaster policies and spatial sorting
I am super excited about the upcoming Urban Economics Association North America online conference. Here is the program we just posted today:
This year the conference is still on Zoom and you can still register to see this amazing set of research papers
Reunited with my advisor
@mattkahn1966
in Madison, Wisconsin for housing sustainability and affordability conference
I thank for Lu Han and Chris Timmins for inviting me to discuss a fantastic paper by Ingrid & Rachel.
@mattkahn1966
is presenting next!!
Lu Han (Wisconsin RealEstate) visited
@LindnerCollege
@UC_RealEstate
& presented “Frictional & Speculative Vacancies: The Effects of an Empty Homes Tax”
I got great comments on my projects and she mentored me on how to navigate this profession over breakfast. I feel blessed 😇
Thank you
@FundacioIEB
@ubeconomics
for hosting me and giving me this opportunity to present my work. I got so many good comments from great researchers here. Honored to be posted at an awesome department, surrounded by amazing people!!!!
Hope to see many of you
@AREUEA_ORG
National in DC.
I will join this year’s AREUEA national as a session chair (GLOBAL REGIONAL AND URBAN ECONOMICS) and a discussant (of
@tradecosts
and
@nghiemqhuynh
)
Check out full agenda:
JM Interview tips from my advisors
@mattkahn1966
@keynesianr
& Paulina
1) Interviewers want their long-term peers to be smart & NICE person
2) Research on EVERY ppl you will meet. Prepare 3 questions for all. Bring up your works that match best to THEIR interests
#EconTwitter
Now that I have stopped doing research, I have more time to take photos of people who visit
@USC_Econ
. Today, we welcome back one of our star graduates
@eunjeeecon
.
@mattkahn1966
shared his wisdom w/ students/faculty/biz leaders
@UC_RealEstate
@LindnerCollege
through 8 meetings, 2 talks (roundtable keynote & seminar). This will spur the growth of the city and the school
Meeting with him gives me inspiration and motivation. Thx Matt!
@mattkahn1966
is visiting Cincy,
@LindnerCollege
tmr!!!!! 👏
He will give 2 talks during his visit:
1) “Unlocking the Potential of Post-Industrial Cities”
@UC_RealEstate
round table
2)“Adapting climate change: Mkts & Mgmt of an uncertain future”
Thank you very much for the invite.
As a job market candidate, I was looking for a venue where I can present my work and extend my academic network.
@ayew2021
generously invited me to present my JMP. Highly recommend this platform for PhD students and/or Postdocs!
TOMORROW (3 March) on Applied Young Economist Webinar
Join us at 10am AEDT (11pm GMT Tue) to listen to
@eunjeeecon
(
@USC_Econ
)
Sign up for Zoom details:
Thank you
@leqonomics
for the tweet and the comments!!! Received awesome feedback from an amazing audience.
I thank
@AREUEA_ORG
NATIONAL committee for putting an amazing program together and accept me into junior scholar program of 2023-2024 🙌
Instead of me talking a ton, I started to ask Qs in my class. e.x 'institutional investors in residential mkt', 'residential tax abatement', 'office conversions' 'rezoning'. Class became very engaging, and I learn a lot from my students. The discussion also helps my research.
Great honor and pleasure to host
@keynesianr
in Cincy! Day 1. He spoke to
@UC_RealEstate
RE valuation, principles, finance (MS) classes about what determines housing price differences, rent vs. buy, differences in CAP rate across mkts. Huge knowledge spillovers
@LindnerCollege
We’ll be kicking off AGEW2021 in just under 12 hours!!
We have an incredible line up of international and Australian economists sharing their latest research on issues that impact gender equality.
To register and more AGEW2021 info ➡️
I added ttokbokki (떡볶이, simmered rice cake) to traditional American Thanksgiving dinner 😎 it was pretty well-accepted to a family who rarely tried 🇰🇷 food!
Tanner Regan (LSE) is in the market this year. His CV is self-explaining that he is an incredible researcher. What CV is not explaining is how good he is as a friend and I can guarantee it.
@tannerwdregan
7:30am Morning high-speed rail (HRS) train to Seoul from Gwangju station is always fully booked.
Gwangju 광주 is a S Korean 2nd tier city w/ population of 1.5M. It takes 4hrs by car, 1h 40min by HRS to Seoul. Seoul is a megacity- with population of 10M (Seoul metro, 25M)
Congrats Dr.
@PierreMagontier
for successfully defending the thesis regarding urban/political economics under
@eviladecans
and Solé-Ollé. It was my great learning experience to have you as my dear friend
@ubeconomics
@FundacioIEB
. Look forward to seeing your next academic journey!
@JohnHolbein1
Be genuine, not just an academic robot🤖. Highlight YOUR finest qualities and present them cleverly. Remember, both parties seek lasting colleagues.
Two spies at
@uclaanderson
from
@USC_Econ
.
Always fun and inspiring to talk to my advisor
@mattkahn1966
. Got great advice on how to navigate life and research as a third-year assistant professor.
“Why did the population in areas hit by major hurricanes grow faster than in unaffected coastal places?”
Our new working paper w/
@magontierp
&
@mhenkelm
explains this!
👇 Summary
@voxeu
In my
@UC_RealEstate
valuation class, students need to write & present about "The impact of ____ on the housing market". I asked students to submit the grps' preferred 5 topics and among 13 topics, urban amenities, work from home, zoning, jobs, crime, are the most popular ones.
Tomorrow at 2pm EST, I will present my JMP "Why Do Improvements in Transportation Infrastructure Reduce the Gender Gap in S Korea".
At a parallel session, co-authored work w/
@parkhomenko_a_v
,
@mattd_econ
"Zoning and the Density of Urban Development" will be presented by Matt!
Last day of
#UrbanEcon2021
. UEA meeting is a great way to see good papers and old friends! At 2pm “Insurance” session, Marcel Henkel is presenting our new working paper w/
@PierreMagontier
“The unintended consequence of post-disaster policies for spatial sorting”. Stay tuned!!
Tragic Hurricanes hit again Florida.
“w/o federal assistance the establishments may not be able to reopen.”
Our paper w
@magontierp
@mhenkelm
investigates how politically driven disaster aids can affect long term welfare and population sorting
Had an annual department meeting
@LindnerCollege
Finance department. I feel blessed to have friendly colleagues who support my research and identity.
Delicious free lunch is always a great perk (which of course I appreciate it much less compared to when I was a PhD student).
I love teaching real estate principles class. Throughout the semester, we cover real estate law, economics, valuation, and finance. Coming 3 weeks is about real estate economics part, which not surprisingly, my favorite part.
Does improving connectedness between segregated and unequal parts of cities import opportunity or export crime?
Next Monday
@osus_info
,
@econgaurav
will answer this question using a spatial general equilibrium framework and super cool admin data from Medellin, Colombia!!
Airport after
#ASSA2023
. ETA is 1hr to go through the security. From hotel, I recommend you to call a taxi, rather than uber/lyft (which asked me $100 from Sheraton). I did a carpool with 3 random people and we paid $15 each. (Shout out to
@GaryDeanPainter
who gave me the tip)