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Youngmin Park
Senior Economist
- Ph.D. in Economics, University of Western Ontario, Canada (2017)
- M.A. in Economics, Yonsei University, South Korea (2010)
- B.A. in Economics, Yonsei University, South Korea (2007)
Bio
Youngmin Park is a Senior Economist in the Canadian Economic Analysis (CEA) department. His research interests include macroeconomics, public finance, and labour economics. He received his Ph.D. in Economics from the University of Western Ontario.
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Staff analytical notes
Potential Output in Canada: 2018 Reassessment
This note summarizes the reassessment of potential output, conducted by the Bank of Canada for the April 2018 Monetary Policy Report. Overall, the profile for potential output growth is expected to remain flat at 1.8 per cent between 2018 and 2020 and 1.9 per cent in 2021.April 2017 Annual Reassessment of Potential Output Growth in Canada
This note summarizes the Bank of Canada’s annual reassessment of potential output growth, conducted for the April 2017 Monetary Policy Report. Potential output growth is projected to increase from 1.3 per cent in 2017 to 1.6 per cent by 2020.Staff working papers
Earnings Dynamics and Intergenerational Transmission of Skill
How are your past, current and future earnings related to those of your parents? We explore this by using 37 years of Canadian tax data on two generations.Child Skill Production: Accounting for Parental and Market-Based Time and Goods Investments
Can daycare replace parents’ time spent with children? We explore this by using data on how parents spend time and money on children and how this spending is related to their child’s development.Inequality in Parental Transfers, Borrowing Constraints and Optimal Higher Education Subsidies
This paper studies optimal education subsidies when parental transfers are unequally distributed across students and cannot be publicly observed. After documenting substantial inequality in parental transfers among US college students with similar family resources, I examine its implications for how the education subsidy should vary with schooling level and family resources to minimize inefficiencies generated by borrowing constraints.Wage Dynamics and Returns to Unobserved Skill
Economists disagree about the factors driving the substantial increase in residual wage inequality in the U.S. over the past few decades. We identify and estimate a general model of log wage residuals that incorporates: (i) changing returns to unobserved skills, (ii) a changing distribution of unobserved skills, and (iii) changing volatility in wages due to factors unrelated to skills.Bank publications
The Economy, Plain and Simple
Journal publications
Refereed journals
- "Correlation, Consumption, Confusion, or Constraints: Why Do Poor Children Perform so Poorly?"
(with Elizabeth Caucutt and Lance Lochner), Scandinavian Journal of Economics, 119 (1): 102-147 (2017).