The Korea-America Economic Association

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The 2019 KAEA Young Scholar Award

The KAEA is pleased to announce that Drs. Sang Yoon (Tim) Lee (Queen Mary University of London) and Dongho Song (Johns Hopkins Carey Business School) will receive the 2019 KAEA Young Scholar Award for their professional achievement. The award ceremony will be held during the Annual Meeting of the KAEA at Marriott Marquis in Atlanta, at 6:00 pm, January 5, 2019. Congratulations!

Sang Yoon (Tim) Lee is currently a reader in Queen Mary University of London. He previously held assistant professor positions at Toulouse School of Economics and University of Mannheim.  He received his Ph.D. in economics from University of Wisconsin-Madison in 2011. His primary research interests are the determinants and mechanisms of economic inequality in macroeconomic settings. Much of his past work was focused on intergenerational mobility, and how it relates to cross-sectional inequality. More recently, he combines theoretical and empirical tools to study how inequality trends evolve in the long-run, in response to labor market reforms or technological advancements. He has published in leading journals such as Journal of Political Economy, Journal of Monetary Economics, Economic Journal and has several working papers of potentially high impact.

Dongho Song is currently an assistant professor of finance at the Johns Hopkins Carey Business School. He was previously an assistant professor of economics at Boston College. He received his Ph.D. in economics from the University of Pennsylvania in 2014. His research interests include asset pricing, macro-finance, and applied time series econometrics. He has published in leading journals such as Econometrica, Review of Financial Studies and Journal of Econometrics.

The KAEA appreciates the Award Nomination Committee (Drs. Doh-Shin Jeon (Chair), Sokbae Lee, Yongcheol Shin) for their valuable service for award nomination this year.

Member News

Professor E. Han Kim has made a $1 million donation to the School of Management at the State University of New York (SUNY) at Buffalo. The donation creates an endowment fund that will provide financial support to Ph.D. students and tenure-track junior faculty in the Department of Finance through The E. Han Kim Doctoral Fellowship and The E. Han Kim Assistant Professorship. For details,

Dr. E. Han Kim served as the President of KAEA in 1996.

Call for Papers (KAEA-KEA Joint International Conference)

The 19th International Conference sponsored jointly by the Korea-America Economic Association (KAEA) and the Korean Economic Association (KEA) will be held as follows.

  • Date: June 15-16, 2018
  • Venue: Sungkyunkwan University (SKKU), Seoul, Korea
  • Submission Deadline:  March 15, 2018 (in US CST)

The KAEA is soliciting a broad range of topics in economics and related areas. The KEA will provide financial support to each presenter of accepted papers to cover the travel expenses (partial or full) up to KRW 1,200,000 and hotel accommodation for three nights.

Please submit your completed paper with an abstract of 200-300 words, including the JEL codes, to Vice President C.Y. Choi by e-mail at  Abstracts will also be considered, but the submission with a completed paper will have a higher chance of acceptance. All submitted papers will be reviewed by the anonymous referees selected by the KAEA and the KEA. To be considered for inclusion in the conference program, all papers must be submitted by March 15. Acceptance decision should be made by March 31, and the authors will be notified by email. You must be a KAEA lifetime member or have been an annual member for the previous two years (2017 and 2018) to submit a manuscript. Your membership status will be reviewed before an acceptance decision is made and no exceptions will be made regarding the membership policy. Please visit our website ( if you have any questions about the membership. Due to the expected high volume of submissions this year, priority will be given to young scholars and those who have not participated in the past two years.

Call for Papers (KAEA-KIF-KAFA)

The annual conference sponsored jointed by the Korea-America Economic Association (KAEA), the Korea Institute of Finance (KIF, 금융연구원), and the Korea-America Finance Association (KAFA), will be held as follows.

  • Date: May 30, 2018 (Wednesday)
  • Venue: Korea Institute of Finance, Seoul, Korea
  • Submission Deadline: March 15, 2018 (in US CST)

The KAEA is soliciting high quality papers with no specific theme, but papers dealing with general issues in public finance, monetary policies, macro-finance, financial/capital markets, and banking industry and regulations are also welcome as long as they have relevant policy implications. The KIF will award each presenter, who resides outside Korea, of accepted papers an honorarium (KRW 1,000,000) for travel support.

The deadline to submit a manuscript or extended abstract (700–1,000 words) is March 15, 2018, Thursday. Submissions should include JEL codes. Submissions are to be made by e-mail addressed to Vice President C.Y. Choi ( Abstracts of papers, without the full manuscript, will be considered, but preference will be given to full manuscripts. All submitted papers will be reviewed by anonymous referees selected by the KAEA and the KIF. Acceptance decisions will be made by March 31, and the authors will be notified by email.

You must be a KAEA lifetime member or have been an annual member for the previous two years (2017 and 2018) to submit a manuscript. Your membership status will be reviewed before an acceptance decision is made. No exceptions will be made regarding the membership policy. Young scholars are strongly encouraged to submit a manuscript. Please visit our website ( if you have any questions about the membership.

Call for Papers (SEA)

The annual meeting of the Southern Economic Association will be held at Washington, DC at the Marriott Marquis Washington, DC, November 18-20, 2018 (Sunday to Tuesday). The KAEA plans to organize multiple sessions at the SEA conference. At least one session will be focused on the economic issues about South Korea, North Korea, or East Asian Economies. However, papers on more general topics will be welcome as well.

Submit a manuscript or an extended abstract, including JEL codes, by e-mail to the KAEA session organizer, Inhyuck (Steve) Ha at no later than March 15th (Thursday). Abstracts of papers, without the full paper, will also be considered but preference will be given to full papers. Acceptance will be notified by March 25th.

If your paper has been accepted, you should submit your final version by October 15th for review by other participants. Submissions from young scholars are strongly encouraged. Submission fees ($35) will be waived as a part of a KAEA session.

For general questions about the conference, please go to the SEA conference website

President’s Message

President’s Message on the 2018 ASSA/KAEA Meetings in Philadelphia

Dear KAEA Members,

On behalf of the KAEA Executive Committee members, I would like to thank all of you for your contributions and care for our Association.  Our Association has grown remarkably during the past 33 years owing to your contributions and the excellent leadership and vision of our previous leaders, for whom we remain grateful.

Soon, we will have our annual meeting at the 2018 ASSA Meetings in Philadelphia. We would like to welcome you to the meeting.  As done in previous years, we have prepared many excellent programs.  We hope that you will enjoy the Meetings and we, EC members, would like to encourage participating actively in our own programs.  Indeed, we can be proud of our excellent programs and want to thank all our members who spent valuable time to prepare the programs.

Here are some highlights that deserve you attention.

First, many people at the ASAA meetings would be surprised to see that all of our three KAEA-AEA sessions are filled with top researchers, as done in previous years.

The Micro session organized by Dr. BC. Kim includes Dr. Susan Athey from Stanford University, who is the first female winner of the John Bates Clark Medal, Dr. Yeon-Koo Che from Columbia University, who is our former Presider of the KAEA, Dr.  Steven Tadelis from UC Berkeley, and Doh-Shin Jeon from Toulouse School.

The Macro session consists of top macro economists, Dr. Mark Huggett at Georgetown University, Dr. José-Víctor Ríos-Rull from University of Pennsylvania, Dr. Rasmus Lentz from University of Wisconsin, and Dr. Hwagyun Hagen Kim from Texas A&M.  Dr. Yoosoon Chang kindly organized this session, and asked our young female economists to discuss the papers at this prestige session, as part of our effort to promote the Korea Women Economists Network (KWEN).

The Econometrics session is also excellent.  Dr. Bruce Hansen at University of Wisconsin, Dr. Myung Hwan Seo, Seoul National University, Dr. Jushan Bai from Columbia University, Dr. Ruey Tasy at University of Chicago, and Dr. Seung C. Ahn, at Arizona State University, will present their working papers.

All of these sessions will take place on January 6th (Saturday) at the Marriott Philadelphia Downtown (headquarter hotel).  Please plan to attend these sessions.  The AEA counts the number of attendants. Your attendance will help greatly our efforts to increase the number of KAEA sessions in the future.

Second, for the first time, we have worked closely with the National Research Council for Economics, Humanities and Social Sciences (NRC; 경제인문사회연구회), who oversees the operations of 26 major economic research institutions in Korea, including KDI, KIET and others.  In particular, the NRC has agreed to organize two important events with us and support financially our events as well.

[1] Open Job Fair (국책연구기관 공동 채용설명회)

KAEA and NRC will host an Open Job Fair for job candidates who might be looking for a position at research institutions in Korea.  A representative from each institution who is in charge of hiring will explain about their institution, merits, hiring procedures, and answer questions.  If you consider applying for a position in the research institutions in Korea, you will benefit greatly from attending this event; see the attached file for more details.

After this event, a dinner gathering is planned at Sang Kee Chinatown  (238 N 9th St, Philadelphia, PA 19107) from 6:30 PM, along with some of representatives of the research institutes and our senior mentor members.

[2]  NRC-KAEA-KEA Panel Discussion (Policy Forum, 한국 경제 정책 현안 패널 토의)

The KAEA will hold a panel discussion session (policy forum) jointly with the NRC, and the Korea Economic Association (KEA), our longtime partner, will be a part of three organizing institutions.  It will be held on January 7th (Sunday) at Marriott Philadelphia Downtown (headquarter hotel) (Grand Ballroom Salon K) from 8:30 to 11:20 AM.  Breakfast will be provided for participants from 7:30 AM.  There are two subjects and our KAEA members will provide overviews of the literature and the issues before panel discussions.  Please plan to attend this policy session.

Session I: Income-led Growth & Growth through Innovation (Dr. Sang-Hyop Lee, University of Hawaii)

Session II: The Korea-US Free Trade Agreement (Dr. Seung Hun Lee, Georgia Tech, Dr. Hyeongwoo Kim, Auburn University)

Third, our Association wishes to pay for part of the travel expenses of the candidates who are expected to graduate soon and are on the job market this year.  Job candidates may fill out the form at the Job Fair (explained in the above); we can mail a check after the convention.  The amount has not been determined, but it is our sincere desire to help in various forms, if possible, our young members who seek jobs.  For more details, please contact Dr. In Hyuck “Steve” Ha, our Vice President.

Fourth, the KAEA continues to work hard to provide an opportunity for our members to present their working papers at the AEA meetings.   As such, in addition to three KAEA-AEA sessions, we have expanded our workshops this time and prepared for three sessions.  The first workshop will be held on Friday, January 5, from 4 PM to 6 PM at the Marriott Philadelphia Downtown, Meeting Room 501.  Mostly the discussants of the Macro session, who are the young members of the KWEN, will be the presenters of this workshop.  Dr. Koo-il Kim organized the second and third workshops, which will be given on Sunday, January 7, from 12:30 PM to 3 PM at the same place.

Fifth, and perhaps, most important, our annual Maekyung (MK) Forum and Annual Business Meeting will take place at 5 pm on January 6th (Saturday) in the Marriott Philadelphia Downtown.  The speaker is Dr. John List from the University of Chicago.  As you may know, he is considered one of the promising candidates for a future Nobel Prize.

Sixth, KAEA Business Meeting will be in the same room right after the MK Forum from 6 PM to 7:00 PM.  In particular, we will have the opportunity to honor our senior leaders who had a vision and created our Association about 33 years ago.  Awardees for the MK Economist Award and KAEA Young Economists Award will be also announced.

Seventh, our annual dinner banquet will follow at the Ocean Harbor Restaurant from 7:30 PM.  All KAEA members including KAEA institutional members are welcome to attend this annual gathering and exquisite dinner banquet.

We look forward to seeing you ALL in Philadelphia in January 2018.


Junsoo Lee
President, KAEA 2017

Click here for the summary of the KAEA program
Click here for the KAEA-AEA Sessions and Workshop Schedule.
Click here for the Job Fair.

Job Openings (Chungnam National University)

충남대학교 무역학과 국제경제분야 교수초빙
-국제경제 관련 분야(국제무역, 국제금융 등 어느 분야든 좋음)
-박사학위 소지자
-저널(한국 저널도 가능함)에 출간된 1편 이상 논문 보유자(제1저자 혹은 교신저자만 인정)
-영어강의 가능자
-접수:인터넷 및 서류접수, 12월5일 마감
-자세한 내용은 여기충남대학교 홈페이지에 공지되어 있음.
-궁금한 사항은 학과장 오근엽교수(로 연락바람.
(대전은 서울에서 KTX로 1시간 이내 거리임. 행정수도 이전으로 발전하고 있는 지역임)