This chapter examines investor overreaction and seasonality in the stock markets of Korea, Hong Kong and Japan using data for the period of 1985–2004. Evidence suggests little to no reversals following days of excessive increase, but all three indices reversed 35% to 45% following days of...

Migration models in the Harris-Todaro tradition imply that urban informal sector earnings are less than rural sector earnings. Examining the situation for Korea, we find that both urban formal and informal sector earnings exceed earnings opportunities in rural areas, making rural-urban migration...

In this paper, we examine the relationship between marital status and female labor force participation in Korea, and argue that marriage remains a major obstacle to young Korean women's employment. We find that an average married woman is much less likely (by 40-60%) to participate in the labor...

This paper performs multiple regression analysis to identify a large number of determinants of commuting time and distance for Seoul residents using the 2 per cent public-use sample data tape of the 1995 Korean Population Census. Among the numerous findings, it is noted that commuting times and...

The growth of an industry in a city has been explained by dynamic externality theories such as those by Marshall, Arrow and Romer, Porter, Jacobs and Storper. Each of these views describes a different mechanism by which the initial conditions for a particular industry in a city facilitate...