We investigate whether growing up in a socialist country affects the development of competitiveness by comparing three Korean groups in South Korea, born and raised in three countries with distinct institutional environments: South Korea, North Korea, and China. We examine the effect of home...

This paper studies the causal impacts of vaccine eligibility on social distancing behaviors (risk compensation). We apply a regression discontinuity design around the birth date cutoff of vaccine eligibility using large, high-frequency data from credit card and airline companies as well as...

South Korea’s health officials did not disclose the identities of hospitals exposed to MERS-CoV for the first three weeks of the outbreak in 2015, leading to amplified fear in the society. To ascertain the uncertainty costs due to the failure of timely information provision, we examine the...