In this paper, we analyze how a change in the labeling (guideline) regarding exposure to air pollution affects the consumption of respiratory medicine. In 2018, the Government of South Korea changed air pollution warning standards to a level that was more severe than it was in reality and as...

We investigate the effects of attending a single-sex high school on future labor market outcomes through use of a randomized natural experiment. South Korean students are randomly assigned, by lottery, to single-sex or co-educational schools within their school districts. Using a large set of...

Does political alignment affect tax evasion rates? Theoretically, a better attitude toward the government could lower motivation for tax evasion through the reciprocity concept in tax morale, and if political alignment is correlated with attitude toward government, then political alignment is...

This paper explores how perceptional changes in exposure to air pollution impact the values of real assets in a housing market. Given a revised air pollution standard due to an environmental policy shock in South Korea, the existing indicators show air quality generally gets lower than before,...