Hayoung  Kim

Hayoung Kim

PhD candidate in Economic Geography

Department of Geography and Environment

About me

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. 

Research interests

- Real Estate Economics and Finance
- Housing and Urban Economics
- Media Economics

Methods used/expertise:

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

Teaching record

GY462 Real Estate Finance: academic year 2017/2018

Academic Supervisors

Christian Hilber
Gabriel Ahlfeldt