Hayoung is a PhD candidate in Economic Geography at London School of Economics, and also a research associate in the UCL School of Management. His current research highlights how information from news media can shape household economic decisions. He holds an MSc in Real Estate Economics and Finance (with Distinction) from LSE. He also holds a MA in Economics and a BS in Architecture both from Seoul National University, South Korea. Prior to entering his PhD program, he spent five years working as a financial analyst in the real estate industry.
- Real Estate Economics and Finance
- Housing and Urban Economics
- Media Economics
- Applied Microeconometrics
Thesis title and short abstract:
Title: Empirical Essays on the Roles of News Media in an Urban Economy
Economists typically assume perfect information, but households are not always well informed, and face a high degree of uncertainty regarding the quality of goods or value of their assets. As a consequence, information from mass media is a main part of our everyday lives. Coverage in popular media outlets can catch the attention of millions of households and, therefore, news media may influence their decisions in several ways.
This thesis investigates the roles of news media in an urban economy and for housing markets. Each of the three empirical essays provides insights into how information from the media can shape the economic decisions of households as either homebuyers, homeowners, or consumers. While the first and the second chapters estimate the causal effects of publicity, in particular positive information, on house prices and non-housing consumption, respectively, the last chapter explores how information quantity may affect the link between house prices and homeowner spending. This thesis places particular emphasis on understanding the mechanisms through which news media may affect economic outcomes by empirically identifying potential channels.
Job market paper
Housing Prices and Consumption: The Role of News Media
GY462 Real Estate Finance: academic year 2017/2018