Economist Yongseok Shin, a professor at Washington University in St. Louis, has studied the national data on hours worked by Americans.

The declining labour share of income in advanced economies is an important topic for policymakers. This column studies how different types of capital interact with labour using firm-level data from Korea. It shows that equipment capital and labour are complements, but software (a part of intangible capital) and labour are substitutes. As software improves, labour shares within firms decrease, and production shifts toward software-intensive firms, which tend to have higher markups and lower labour shares. These findings have important implications for the ongoing debates about technological change, market power, and income distribution, especially in the era of generative artificial intelligence.

Yongseok Shin was featured in Marketplace on 7/23/2024.

Yongs Shin's new paper featured in Politico on July 18, 2024.

Prof. M. Bumin Yenmez won an Australian Research Council Discovery Project grant.

Yongseok Shin is featured in the Los Angeles Times on March 4, 2024.

Robert Pollak, the Hernreich Distinguished Service Professor of Economics at the Washington University in St. Louis, joins the podcast to discuss his work modeling economic decisions and bargaining within families and how he and his wife, an English professor and American poetry scholar, navigated the “two career problem.”

Development economists can complement their research with techniques from across the "micro-macro divide" to improve the policy relevance of their findings.

Ian Fillmore has been published in The Review of Economic Studies, Volume 90, Issue 3, May 2023.

Mourifié and Yenmez received official communication from the Dean's office that their appointment as Professors of Economics with tenure has been approved by the Board of Trustees.

Yongs Shin quoted about companies resisting layoffs even as economic weakness looms in a Wall Street Journal article.