Youngmin Park - Latest - Bank of Canada
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Bank of Canada RSS Feedsen2024-03-28T12:44:35+00:00Uncovering the Differences Among Displaced Workers: Evidence from Canadian Job Separation Records
https://www.bankofcanada.ca/2023/10/staff-working-paper-2023-55/
We revisit the measurement of the sources and consequences of job displacement using Canadian job separation records.2023-10-27T10:08:52+00:00enUncovering the Differences Among Displaced Workers: Evidence from Canadian Job Separation Records2023-10-27Labour marketsPotential outputProductivityStaff Working Paper 2023-55https://www.bankofcanada.ca/wp-content/uploads/2023/10/swp2023-55.pdfUncovering the Differences Among Displaced Workers: Evidence from Canadian Job Separation RecordsSerdar BirinciYoungmin ParkThomas PughKurt SeeOctober 2023EE2E24E3E32JJ3J31J6J63J65Democratic Political Economy of Financial Regulation
https://www.bankofcanada.ca/2021/11/staff-working-paper-2021-59/
We offer a theory of how inefficiently lax financial regulation could arise in a democratic society.2021-11-26T14:17:43+00:00enDemocratic Political Economy of Financial Regulation2021-11-26Financial stabilityFinancial system regulation and policiesHousingInterest ratesStaff Working Paper 2021-59https://www.bankofcanada.ca/wp-content/uploads/2021/11/swp2021-59.pdfStaff Working Paper 2021-59Igor LivshitsYoungmin ParkNovember 2021EE4E43E44GG0G01G2G21G28PP4P48Four Decades of Canadian Earnings Inequality and Dynamics Across Workers and Firms
https://www.bankofcanada.ca/2021/04/staff-working-paper-2021-20/
We use four decades of Canadian matched employer-employee data to explore how inequality and the dynamics of individual earnings have evolved over time in Canada. We also examine how the earnings growth of individuals is related to the growth of their employers.2021-04-29T10:53:01+00:00enFour Decades of Canadian Earnings Inequality and Dynamics Across Workers and Firms2021-04-29Econometric and statistical methodsFirm dynamicsLabour marketsPotential outputProductivityStaff Working Paper 2021-20https://www.bankofcanada.ca/wp-content/uploads/2021/04/swp2021-20.pdfFour Decades of Canadian Earnings Inequality and Dynamics Across Workers and FirmsAudra BowlusÉmilien Gouin-BonenfantHuju LiuLance LochnerYoungmin ParkApril 2021DD2D22D3D31EE2E24JJ2J24J3J31J6J63Earnings Dynamics and Intergenerational Transmission of Skill
https://www.bankofcanada.ca/2020/11/staff-working-paper-2020-46/
How are your past, current and future earnings related to those of your parents? We explore this by using 37 years of Canadian tax data on two generations.2020-11-04T10:09:40+00:00enEarnings Dynamics and Intergenerational Transmission of Skill2020-11-04Econometric and statistical methodsLabour marketsPotential outputProductivityStaff Working Paper 2020-46https://www.bankofcanada.ca/wp-content/uploads/2020/11/swp2020-46.pdfStaff Working Paper 2020-46Lance LochnerYoungmin ParkNovember 2020CC3C33JJ2J24J6J62Child Skill Production: Accounting for Parental and Market-Based Time and Goods Investments
https://www.bankofcanada.ca/2020/09/staff-working-paper-2020-36/
Can daycare replace parents’ time spent with children? We explore this by using data on how parents spend time and money on children and how this spending is related to their child’s development.2020-09-11T13:15:39+00:00enChild Skill Production: Accounting for Parental and Market-Based Time and Goods Investments2020-09-11Fiscal policyLabour marketsPotential outputProductivityStaff Working Paper 2020-36https://www.bankofcanada.ca/wp-content/uploads/2020/09/SWP-2020-36.pdfStaff Working Paper 2020-36Elizabeth CaucuttLance LochnerJoseph MullinsYoungmin ParkSeptember 2020DD1D13HH3H31JJ2J22J24Inequality in Parental Transfers, Borrowing Constraints and Optimal Higher Education Subsidies
https://www.bankofcanada.ca/2019/02/staff-working-paper-2019-7/
This paper studies optimal education subsidies when parental transfers are unequally distributed across students and cannot be publicly observed. After documenting substantial inequality in parental transfers among US college students with similar family resources, I examine its implications for how the education subsidy should vary with schooling level and family resources to minimize inefficiencies generated by borrowing constraints.2019-02-11T14:03:49+00:00enInequality in Parental Transfers, Borrowing Constraints and Optimal Higher Education Subsidies2019-02-11Fiscal policyPotential outputProductivityStaff Working Paper 2019-7https://www.bankofcanada.ca/wp-content/uploads/2019/02/swp2019-7.pdfInequality in Parental Transfers, Borrowing Constraints and Optimal Higher Education SubsidiesYoungmin ParkFebruary 2019DD1D14D6D61D64D8D82II2I22JJ2J24Wage Dynamics and Returns to Unobserved Skill
https://www.bankofcanada.ca/2017/12/staff-working-paper-2017-61/
Economists disagree about the factors driving the substantial increase in residual wage inequality in the U.S. over the past few decades. We identify and estimate a general model of log wage residuals that incorporates: (i) changing returns to unobserved skills, (ii) a changing distribution of unobserved skills, and (iii) changing volatility in wages due to factors unrelated to skills.2017-12-27T10:25:24+00:00enWage Dynamics and Returns to Unobserved Skill2017-12-27Econometric and statistical methodsLabour marketsStaff Working Paper 2017-61https://www.bankofcanada.ca/wp-content/uploads/2017/12/swp2017-61.pdfWage Dynamics and Returns to Unobserved SkillLance LochnerYoungmin ParkYoungki ShinDecember 2017CC2C23JJ2J24J3J31