The aging of a housing structure not only leads to depreciation but also increases the possibility of redevelopment. If redevelopment accompanies an increase in structural density in order to accommodate the increased demand for housing, it provides large capital gains to the existing owners. In...

This study analyzes the effects of managerial ownership on the risk-taking behavior of Korean and Japanese banks during the relatively regulated period of the late 1990s to the early 2000s. It finds that managerial ownership alone does not affect either the risk or the profit levels of Korean...

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...