Research | Yongseok Shin | Washington University in St. Louis

The Economic Ripple Effects of COVID-19, with F. Buera, R. Fattal Jaef, H. Hopenhayn, P. A. Neumeyer, April 2021. (Available as NBER Working Paper No. 28704.)
Hit Harder, Recover Slower? Unequal Employment Effects of the Covid-19 Shock, with S. Y. Lee and M. Park, January 2021. (This version supersedes NBER Working Paper No. 28354.)
Who Should Work from Home during a Pandemic? The Wage-Infection Trade-off, with S. Aum and S. Y. Lee, October 2020. (Available as NBER Working Paper No. 27908 and CEPR Discussion Paper 15332.)
COVID-19 Doesn’t Need Lockdowns to Destroy Jobs: The Effect of Local Outbreaks in Korea, with S. Aum and S. Y. Lee, Labour Economics, June 2021. Article in ProMarket.org
Inequality of Fear and Self-Quarantine: Is There a Trade-off between GDP and Public Health? with S. Aum and S. Y. Lee, Journal of Public Economics, February 2021. Article in Academic Times

Technology and the Task Content of Jobs across the Development Spectrum, with J. Caunedo and E. Keller, October 2021. (This version supersedes NBER Working Paper No. 28681.)
Horizontal and Vertical Polarization: Task-Specific Technological Change in a Multi-Sector Economy, with S. Y. Lee, April 2018. (This version supersedes NBER Working Paper No. 23283.)
Why is the Labor Share Declining? with S. Aum, Federal Reserve Bank of St. Louis Review, Fourth Quarter 2020.
Computerizing Industries and Routinizing Jobs: Explaining Trends in Aggregate Productivity, with S. Aum and S. Y. Lee, Journal of Monetary Economics, August 2018. Article in VoxEU
Industrial and Occupational Employment Changes during the Great Recession, with S. Aum and S. Y. Lee, Federal Reserve Bank of St. Louis Review, Fourth Quarter 2017.

The Option Value of Human Capital: Higher Education and Wage Inequality, with D. Lee and S. Y. Lee, June 2017. (This version supersedes NBER Working Paper No. 21724.)
Lifetime Labor Supply and Human Capital Investment, with R. Manuelli and A. Seshadri, January 2012. (Also available as St. Louis Fed Working Paper No. 2012-004A.)
Occupational Mobility and Lifetime Earnings, with C. Y. K. Yuen, Federal Reserve Bank of St. Louis Review, Third Quarter 2019.

The Plant-Level View of an Industrial Policy: The Korean Heavy Industry Drive of 1973, with M. Kim and M. Lee, September 2021. (Available as NBER Working Paper No. 29252.) Article in VoxEU Article in NBER Digest
Big Push in Distorted Economies, with F. Buera, H. Hopenhayn and N. Trachter, March 2021. (Available as NBER Working Paper No. 28561 and CEPR Discussion Paper 18023.)

Productivity Growth and Capital Flows: The Dynamics of Reforms, with F. Buera, American Economic Journal: Macroeconomics, July 2017.
Misallocation and Manufacturing TFP in Korea, 1982-2007, with M. Kim and J. Oh, Federal Reserve Bank of St. Louis Review, Second Quarter 2017.
Financial Frictions and the Persistence of History, with F. Buera, Journal of Political Economy, April 2013.
Well-Intended Policies, with F. Buera and B. Moll, Review of Economic Dynamics, January 2013.

The Macroeconomics of Microfinance, with F. Buera and J. Kaboski, Review of Economic Studies, January 2021.
Finance and Economic Development in the Very Long Run: A Review Essay, Journal of Economic Literature, December 2018.
Taking Stock of the Evidence on Micro-Financial Interventions, with F. Buera and J. Kaboski, in The Economics of Poverty Traps, December 2018.
Entrepreneurship and Financial Frictions: A Macrodevelopment Perspective, with F. Buera and J. Kaboski, Annual Review of Economics, August 2015.
Macro-Perspective on Asset Grants Programs: Occupational and Wealth Mobility, with F. Buera and J. Kaboski, The American Economic Review: Papers & Proceedings, May 2014.
Finance and Development: A Tale of Two Sectors, with F. Buera and J. Kaboski, The American Economic Review, August 2011.
Self-Insurance vs. Self-Financing: A Welfare Analysis of the Persistence of Shocks, with F. Buera, Journal of Economic Theory, May 2011.

Anatomy of a Credit Crunch: From Capital to Labor Markets, with F. Buera and R. Fattal-Jaef, Review of Economic Dynamics, January 2015.

Does Transparency Pay? with R. Glennerster, IMF Staff Papers, April 2008.
Managing the Maturity Structure of Government Debt, Journal of Monetary Economics, September 2007.
Ramsey Meets Bewley: Optimal Government Financing with Incomplete Markets. (Under major revision. An earlier version is available upon request.)

Estimation of Dynamic Models with Nonparametric Simulated Maximum Likelihood, with D. Kristensen, Journal of Econometrics, March 2012.
Smooth Filtering and Likelihood Inference in Dynamic Latent Variables Models, with C. Brownlees and D. Kristensen. (A preliminary version is available upon request.)