Yong Suk Lee

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Entrepreneurship is widely believed to be a main source of economic growth. This paper’s objective is threefold: (1) to estimate the impact of entrepreneurship measured by the birth of businesses on urban employment and income growth; (2) to examine how entrepreneurship supported by government guaranteed loans compares with market entrepreneurship regarding(More)
OBJECTIVE To assess the impact of state Medicaid wage pass-through policy on direct-care staffing levels in U.S. nursing homes. DATA SOURCES Online Survey Certification and Reporting (OSCAR) data, and state Medicaid nursing home reimbursement policies over the period 1996-2004. STUDY DESIGN A fixed-effects panel model with two-step feasible-generalized(More)
Does entrepreneurship cause local employment and wage growth, and if so, how large is the impact? Empirical analysis of such question is difficult because of the joint determination of entrepreneurship and economic growth. This paper uses two different sets of variables – the homestead exemption levels in state bankruptcy laws from 1975 and the share of MSA(More)
Does entrepreneurship cause urban economic growth and if so how large is the impact? Empirical analysis of such question is hampered by endogeneity. This paper uses two different sets of variables – the homestead exemption levels in state bankruptcy laws from 1975 and the share of MSA overlaying aquifers to instrument for entrepreneurship and examine urban(More)
This paper examines how student assignment rules impact intergenerational mobility. High school admission had traditionally been exam based in South Korea. However, between 1974-80 the central government shifted several municipalities to a school district based admission system. I estimate the impact of this reform on intergenerational income elasticity.(More)
Do online price estimates directly impact sales prices in the real estate market, and if so, how large is that impact? We develop an estimation model that uses the di↵erence between list prices and online price estimates to proxy for house specific unobservables. To account for neighborhood specific unobservables, we use neighborhood first di↵erencing.(More)
Concerns about the quality of state-financed nursing home care has led to the wide-scale adoption by states of pass-through subsidies, in which Medicaid reimbursement rates are directly tied to staffing expenditure. We examine the effects of Medicaid pass-through on nursing home staffing and quality of care by adapting a two-step FGLS method that addresses(More)
This paper examines whether modern management, characterized by performance and target based practices, explains the recent rise in wage inequality. I hypothesize that modern management’s shift to performance pay, management-skill complementarity, and managementtechnology complementarity contribute to the increase in wage inequality within establishments.(More)