Youngmin Park

Senior Economist

Youngmin Park is a Senior Economist in the Canadian Economic Analysis (CEA) department. His research interests include macroeconomics, public finance, and labour economics. He received his Ph.D. in Economics from the University of Western Ontario.


Youngmin Park

Senior Economist
Canadian Economic Analysis
Canadian Economic Studies

Bank of Canada
234 Wellington Street
Ottawa, ON, K1A 0G9

Curriculum vitae


Wage Dynamics and Returns to Unobserved Skill

Staff Working Paper 2017-61 Lance Lochner, Youngmin Park, Youngki Shin
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.

April 2017 Annual Reassessment of Potential Output Growth in Canada

This note summarizes the Bank of Canada’s annual reassessment of potential output growth, conducted for the April 2017 Monetary Policy Report. Potential output growth is projected to increase from 1.3 per cent in 2017 to 1.6 per cent by 2020.
Content Type(s): Staff Research, Staff Analytical Notes Topic(s): Labour markets, Potential output, Productivity JEL Code(s): E, E0, E00, E2, E22, E23, E24, E3, E37, E6

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Refereed journals

  • "Correlation, Consumption, Confusion, or Constraints: Why Do Poor Children Perform so Poorly?"
    (with Elizabeth Caucutt and Lance Lochner), Scandinavian Journal of Economics, Forthcoming.

Work in Progress

  • "Heterogeneity in Parental Altruism and Optimal Higher Education Subsidies"
  • "Earnings Dynamics and Returns to Skills"
    (with Lance Lochner and Youngki Shin).


  • Ph.D. in Economics, University of Western Ontario, Canada (2016)
  • M.A. in Economics, Yonsei University, South Korea (2010)
  • B.A. in Economics, Yonsei University, South Korea (2007)

Research Interests

  • Macroeconomics
  • Public Finance
  • Labour Economics


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