Professor You Hye-mi, Received the 50th Maekyung Economist Award
Her paper which focused on the cause of the wage gap between skilled and unskilled workers received attention.
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Professor You Hye-mi of Hanyang University's Division of Economics & Finance received the 50th Maekyung Economist Award. The award was given as a joint award with Professor Lee Ki-young of Yonsei University, and the award ceremony was held at Maekyung Media Center on the 24th.
Professor You Hye-mi received attention for her paper, "Wage Volatility and Changing Patterns of Labor Supply," which investigates the cause of the wage gap between skilled and unskilled workers. It named wage volatitity as the reason for increased working hours of skilled workers, finding out the cause of the difference in working hours between the workers. As much as this paper is the result of an 8 year study, which began with research on the "Effects of Human Capital on Economic Development" which Professor You started in 2013 during her doctoral degree, it contains a complicated analysis of data from overseas. The paper has been published in one of the top journals of economics, International Economic Review.
According to the article from the 26th of Maeil Business Newspaper, Lee In-ho, the president of the Korean Economic Association participated as one of the juries, and commented on the reason for the award by saying that "the paper holds great significance in terms of quantifying the cause of working hours difference between skilled and unskilled workers, which was never adequately explained in any previous studies."
In the article, Professor You expressed her feelings, mentioning that she "would like to study the differences caused by the 4th industrial revolution from now on," and added that she hopes "the paper will support the Korean economy which is currently going through dark days."
Professor You is from Seoul National University's Department of Economics, and before that she held a position at the Bank of Korea, completed a master's and doctoral degree in economics from the University of Rochester in the U.S., and was an assistant professor of economics at the University at Buffalo. Her main fields of research are macro-economics, economic growth and development, and the labor market.
Global News Team
Translation by: Lee Won-young
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