In this paper, we examine the dynamic effect of tobacco control policies on tobacco consumption using the recent implementation of such policies in Korea. The results show that such policies discretely reduce the incidence and amount of tobacco consumptions. We document that after the initial...

In this paper, we evaluate the impact of high-speed train introduction on passenger transport. In particular, we examine whether the introduction of the high-speed train could increase the demand for train travel and substitute the demand for air travel. To address the question, we exploit the...

This paper examines the impact of introducing high-speed trains on consumer welfare using South Korean transportation industry data. The model treats the rail company's choice of train schedules as endogenous in order to take the firm's choices of product line into account. I estimate a model of...

This paper examines whether imposing minimum wage alters the characteristics of new businesses. Applying a difference-in-differences framework to repeated cross-sectional data of new plants, we explore the impact of minimum wage introduction on characteristics of new plants in South Korea. We...