{"id":602,"date":"2021-05-07T05:16:05","date_gmt":"2021-05-07T05:16:05","guid":{"rendered":"http:\/\/3.35.173.53\/?p=602"},"modified":"2021-05-07T05:16:05","modified_gmt":"2021-05-07T05:16:05","slug":"%ed%96%89%eb%b3%b5-%ea%b2%bd%ec%a0%9c%ed%95%99%ec%9d%98-%ed%98%81%eb%aa%85_01_chapter-5","status":"publish","type":"post","link":"https:\/\/happyfinder.co.kr\/?p=602","title":{"rendered":"\ud589\ubcf5, \uacbd\uc81c\ud559\uc758 \ud601\uba85_01_Chapter 5"},"content":{"rendered":"<p><!--StartFragment--><\/p>\n<p class=\"1\" style=\"background: rgb(255, 255, 255); mso-pagination: none; mso-padding-alt: 0pt 0pt 0pt 0pt;\"><span lang=\"EN-US\" style=\"background: rgb(255, 255, 255); letter-spacing: 0pt; font-size: 18pt; mso-fareast-font-family: \ub098\ub214\uc2a4\ud018\uc5b4; mso-font-width: 100%; mso-text-raise: 0pt;\">01_<\/span><span style=\"background: rgb(255, 255, 255); font-family: \ub098\ub214\uc2a4\ud018\uc5b4; font-size: 18pt; mso-fareast-font-family: \ub098\ub214\uc2a4\ud018\uc5b4;\">\uacbd\uc81c\ud559\uc5d0\uc11c \ud589\ubcf5 \uc5f0\uad6c\uc758 \uc8fc\uc694 \ubc1c\uc804<\/span><\/p>\n<p class=\"0\" style=\"background: rgb(255, 255, 255); mso-pagination: none; mso-padding-alt: 0pt 0pt 0pt 0pt;\"><span style=\"font-size: 18pt;\">  <\/span><!--[if !supportEmptyParas]--><span style=\"font-size: 18pt;\">&nbsp;<\/span><!--[endif]--><span style=\"font-size: 18pt;\">  <\/span><o:p><\/o:p><\/p>\n<p class=\"1\" style=\"background: rgb(255, 255, 255); mso-pagination: none; mso-padding-alt: 0pt 0pt 0pt 0pt;\"><span lang=\"EN-US\" style=\"letter-spacing: 0pt; font-size: 18pt; mso-fareast-font-family: \ub098\ub214\uc2a4\ud018\uc5b4; mso-font-width: 100%; mso-text-raise: 0pt;\">Chapter 05_<\/span><span style=\"font-family: \ub098\ub214\uc2a4\ud018\uc5b4; font-size: 18pt; mso-fareast-font-family: \ub098\ub214\uc2a4\ud018\uc5b4;\">\uc778\ud50c\ub808\uc774\uc158\uacfc \ubd88\ud3c9\ub4f1\uc774 \ud589\ubcf5\uc5d0 \ubbf8\uce58\ub294 \uc601\ud5a5<\/span><\/p>\n<p class=\"0\" style=\"background: rgb(255, 255, 255); text-indent: -15pt; mso-pagination: none; mso-padding-alt: 0pt 0pt 0pt 0pt;\">  <!--[if !supportEmptyParas]-->&nbsp;<!--[endif]-->  <o:p><\/o:p><\/p>\n<p class=\"2\" style=\"background: rgb(255, 255, 255); mso-pagination: none; mso-padding-alt: 0pt 0pt 0pt 0pt; mso-list: l65534 level1 lfo65535;\"><span style=\"background: rgb(255, 255, 255); font-family: \ub098\ub214\ubc14\ub978\uace0\ub515; mso-fareast-font-family: \ub098\ub214\ubc14\ub978\uace0\ub515;\">1. \uc778\ud50c\ub808\uc774\uc158 <\/span><\/p>\n<p class=\"3\" style=\"background: rgb(255, 255, 255); mso-pagination: none; mso-padding-alt: 0pt 0pt 0pt 0pt;\">  <!--[if !supportEmptyParas]-->&nbsp;<!--[endif]-->  <o:p><\/o:p><\/p>\n<p class=\"3\" style=\"background: rgb(255, 255, 255); mso-pagination: none; mso-padding-alt: 0pt 0pt 0pt 0pt;\"><span style=\"background: rgb(255, 255, 255); font-family: \ub098\ub214\ubc14\ub978\uace0\ub515; mso-fareast-font-family: \ub098\ub214\ubc14\ub978\uace0\ub515;\">\uc774\ub860\uacbd\uc81c\ud559\uc5d0\uc11c\ub294 \uc77c\ubc18 \ubb3c\uac00\uc218\uc900 \uc0c1\uc2b9<\/span><span lang=\"EN-US\" style=\"background: rgb(255, 255, 255); letter-spacing: -0.3pt; mso-fareast-font-family: \ub098\ub214\ubc14\ub978\uace0\ub515; mso-font-width: 97%; mso-text-raise: 0pt;\">(<\/span><span style=\"background: rgb(255, 255, 255); font-family: \ub098\ub214\ubc14\ub978\uace0\ub515; mso-fareast-font-family: \ub098\ub214\ubc14\ub978\uace0\ub515;\">\uc778\ud50c\ub808\uc774\uc158<\/span><span lang=\"EN-US\" style=\"background: rgb(255, 255, 255); letter-spacing: -0.3pt; mso-fareast-font-family: \ub098\ub214\ubc14\ub978\uace0\ub515; mso-font-width: 97%; mso-text-raise: 0pt;\">)<\/span><span style=\"background: rgb(255, 255, 255); font-family: \ub098\ub214\ubc14\ub978\uace0\ub515; mso-fareast-font-family: \ub098\ub214\ubc14\ub978\uace0\ub515;\">\uc758 \uc0ac\ud68c\uc801 \ube44\uc6a9\uc744 \ub17c\uc758\ud560 \ub54c \ud754\ud788 \uc608\uc0c1\ub41c \uc778\ud50c\ub808\uc774\uc158\uacfc \uc608\uc0c1\ud558\uc9c0 \ubabb\ud55c \uc778\ud50c\ub808\uc774\uc158\uc758 \ucc28\uc774\ub97c \uc8fc\ubaa9\ud55c\ub2e4<\/span><span lang=\"EN-US\" style=\"background: rgb(255, 255, 255); letter-spacing: -0.3pt; mso-fareast-font-family: \ub098\ub214\ubc14\ub978\uace0\ub515; mso-font-width: 97%; mso-text-raise: 0pt;\">. <\/span><span style=\"background: rgb(255, 255, 255); font-family: \ub098\ub214\ubc14\ub978\uace0\ub515; mso-fareast-font-family: \ub098\ub214\ubc14\ub978\uace0\ub515;\">\uac00\uaca9 \uc0c1\uc2b9\uc774 \uc608\uc0c1\ub418\ub294 \uacbd\uc6b0 \ud070 \ube44\uc6a9 \uc5c6\uc774 \uc27d\uac8c \uc801\uc751\ud560 \uc218 \uc788\ub2e4<\/span><span lang=\"EN-US\" style=\"background: rgb(255, 255, 255); letter-spacing: -0.3pt; mso-fareast-font-family: \ub098\ub214\ubc14\ub978\uace0\ub515; mso-font-width: 97%; mso-text-raise: 0pt;\">.<\/span><\/p>\n<p class=\"3\" style=\"background: rgb(255, 255, 255); mso-pagination: none; mso-padding-alt: 0pt 0pt 0pt 0pt;\"><span style=\"background: rgb(255, 255, 255); font-family: \ub098\ub214\ubc14\ub978\uace0\ub515; mso-fareast-font-family: \ub098\ub214\ubc14\ub978\uace0\ub515;\">\uac00\uaca9 \uc0c1\uc2b9\uc5d0 \ub530\ub77c \ubc1c\uc0dd\ud558\ub294 \ud6c4\uc0dd\uc190\uc2e4\uc740 \ud654\ud3d0\uc218\uc694\uace1\uc120 \uc544\ub798\uc758 \uba74\uc801\uc744 \uacc4\uc0b0\ud558\uc5ec \uad6c\ud560 \uc218 \uc788\ub2e4<\/span><span lang=\"EN-US\" style=\"background: rgb(255, 255, 255); letter-spacing: -0.3pt; mso-fareast-font-family: \ub098\ub214\ubc14\ub978\uace0\ub515; mso-font-width: 97%; mso-text-raise: 0pt;\">. <\/span><span style=\"background: rgb(255, 255, 255); font-family: \ub098\ub214\ubc14\ub978\uace0\ub515; mso-fareast-font-family: \ub098\ub214\ubc14\ub978\uace0\ub515;\">\uc774\ub294 \ud1b5\ud654\uc758 \uc0ac\uc6a9\uc744 \uc904\uc774\ub294 \uac83\uc774 \uc548\ub155\uac10\uc744 \uac10\uc18c\uc2dc\ud0b4\uc73c\ub85c\uc368 \ube44\uc6a9\uc744 \uc720\ubc1c\ud560 \uac83\uc774\ub77c\ub294 \uc810\uc5d0 \ucc29\uc548\ud55c \uac83\uc774\ub2e4<\/span><span lang=\"EN-US\" style=\"background: rgb(255, 255, 255); letter-spacing: -0.3pt; mso-fareast-font-family: \ub098\ub214\ubc14\ub978\uace0\ub515; mso-font-width: 97%; mso-text-raise: 0pt;\">.<\/span><\/p>\n<p class=\"3\" style=\"background: rgb(255, 255, 255); mso-pagination: none; mso-padding-alt: 0pt 0pt 0pt 0pt;\"><span lang=\"EN-US\" style=\"background: rgb(255, 255, 255); letter-spacing: -0.3pt; mso-fareast-font-family: \ub098\ub214\ubc14\ub978\uace0\ub515; mso-font-width: 97%; mso-text-raise: 0pt;\">[1] (Fischer 1981; Lucas, 1981) <\/span><span style=\"background: rgb(255, 255, 255); font-family: \ub098\ub214\ubc14\ub978\uace0\ub515; mso-fareast-font-family: \ub098\ub214\ubc14\ub978\uace0\ub515;\">\uc774\ub7ec\ud55c \ubc29\ubc95\uc5d0 \ub530\ub77c \uacc4\uc0b0\ud558\uba74 \uc5f0\uac04 \uc778\ud50c\ub808\uc774\uc158\uc728\uc774 <\/span><span lang=\"EN-US\" style=\"background: rgb(255, 255, 255); letter-spacing: -0.3pt; mso-fareast-font-family: \ub098\ub214\ubc14\ub978\uace0\ub515; mso-font-width: 97%; mso-text-raise: 0pt;\">10%<\/span><span style=\"background: rgb(255, 255, 255); font-family: \ub098\ub214\ubc14\ub978\uace0\ub515; mso-fareast-font-family: \ub098\ub214\ubc14\ub978\uace0\ub515;\">\ub77c\uba74 \uad6d\ubbfc\uc18c\ub4dd\uc740 <\/span><span lang=\"EN-US\" style=\"background: rgb(255, 255, 255); letter-spacing: -0.3pt; mso-fareast-font-family: \ub098\ub214\ubc14\ub978\uace0\ub515; mso-font-width: 97%; mso-text-raise: 0pt;\">0.3~0.45% <\/span><span style=\"background: rgb(255, 255, 255); font-family: \ub098\ub214\ubc14\ub978\uace0\ub515; mso-fareast-font-family: \ub098\ub214\ubc14\ub978\uace0\ub515;\">\uc815\ub3c4 \uac10\uc18c\ud558\ub294 \uac83\uc73c\ub85c \ub098\ud0c0\ub0ac\ub2e4<\/span><span lang=\"EN-US\" style=\"background: rgb(255, 255, 255); letter-spacing: -0.3pt; mso-fareast-font-family: \ub098\ub214\ubc14\ub978\uace0\ub515; mso-font-width: 97%; mso-text-raise: 0pt;\">.<\/span><\/p>\n<p class=\"3\" style=\"background: rgb(255, 255, 255); mso-pagination: none; mso-padding-alt: 0pt 0pt 0pt 0pt;\"><span style=\"background: rgb(255, 255, 255); font-family: \ub098\ub214\ubc14\ub978\uace0\ub515; mso-fareast-font-family: \ub098\ub214\ubc14\ub978\uace0\ub515;\">\uc774 \uc218\uce58\ub294 \ub9e4\uc6b0 \uc791\uae30 \ub54c\ubb38\uc5d0 \uc2e4\uc5c5 \uc99d\uac00\uc640 \uc2e4\uc9c8\uc18c\ub4dd \uac10\uc18c\ub97c \uc720\ubc1c\ud558\ub294 \ubc18\uc778\ud50c\ub808\uc774\uc158 \uc815\ucc45\uc758 \ud6a8\uc6a9\uc131\uc740 \uac70\uc758 \uc5c6\uc744 \uac83\uc774\ub77c\ub294 \uc554\ubb35\uc801 \uacb0\ub860\uc744 \uc5bb\uac8c \ub41c\ub2e4<\/span><span lang=\"EN-US\" style=\"background: rgb(255, 255, 255); letter-spacing: -0.3pt; mso-fareast-font-family: \ub098\ub214\ubc14\ub978\uace0\ub515; mso-font-width: 97%; mso-text-raise: 0pt;\">.<\/span><\/p>\n<p class=\"3\" style=\"background: rgb(255, 255, 255); mso-pagination: none; mso-padding-alt: 0pt 0pt 0pt 0pt;\">  <!--[if !supportEmptyParas]-->&nbsp;<!--[endif]-->  <o:p><\/o:p><\/p>\n<p class=\"3\" style=\"background: rgb(255, 255, 255); mso-pagination: none; mso-padding-alt: 0pt 0pt 0pt 0pt;\"><span style=\"background: rgb(255, 255, 255); font-family: \ub098\ub214\ubc14\ub978\uace0\ub515; mso-fareast-font-family: \ub098\ub214\ubc14\ub978\uace0\ub515;\">\uc0c1\ub2f9\uc218\uc758 \uacbd\uc81c\ud559\uc790\ub4e4\uc740 \uc704\uc640 \uac19\uc740 \uacb0\ub860\uc5d0 \ub300\ud574 \uac15\ud558\uac8c \ubc18\ubc1c\ud560 \uac83\uc774\ub2e4<\/span><span lang=\"EN-US\" style=\"background: rgb(255, 255, 255); letter-spacing: -0.3pt; mso-fareast-font-family: \ub098\ub214\ubc14\ub978\uace0\ub515; mso-font-width: 97%; mso-text-raise: 0pt;\">. <\/span><span style=\"background: rgb(255, 255, 255); font-family: \ub098\ub214\ubc14\ub978\uace0\ub515; mso-fareast-font-family: \ub098\ub214\ubc14\ub978\uace0\ub515;\">\uc0ac\ub78c\ub4e4\uc740 \uac00\uaca9\uc774 \uc548\uc815\ub418\uc5c8\uc744 \ub54c\uc5d0\uc57c \ube44\ub85c\uc18c \ud569\ub9ac\uc801\uc73c\ub85c \ud589\ub3d9\ud558\ubbc0\ub85c \uac00\uaca9 \uc548\uc815\uc774\uc57c\ub9d0\ub85c \uac74\uc804\ud55c \uacbd\uc81c\ub97c \uc704\ud55c \ud544\uc218\uc870\uac74\uc774\uae30 \ub54c\ubb38\uc774\ub2e4<\/span><span lang=\"EN-US\" style=\"background: rgb(255, 255, 255); letter-spacing: -0.3pt; mso-fareast-font-family: \ub098\ub214\ubc14\ub978\uace0\ub515; mso-font-width: 97%; mso-text-raise: 0pt;\">.<\/span><\/p>\n<p class=\"3\" style=\"background: rgb(255, 255, 255); mso-pagination: none; mso-padding-alt: 0pt 0pt 0pt 0pt;\"><span style=\"background: rgb(255, 255, 255); font-family: \ub098\ub214\ubc14\ub978\uace0\ub515; mso-fareast-font-family: \ub098\ub214\ubc14\ub978\uace0\ub515;\">\uc77c\ubc18\uc778\ub4e4\uc740 \uc0c1\ub2f9\ud788 \ub2e4\ub974\uac8c \uccb4\uac10\ud558\uace0 \uc788\ub2e4<\/span><span lang=\"EN-US\" style=\"background: rgb(255, 255, 255); letter-spacing: -0.3pt; mso-fareast-font-family: \ub098\ub214\ubc14\ub978\uace0\ub515; mso-font-width: 97%; mso-text-raise: 0pt;\">.<\/span><\/p>\n<p class=\"3\" style=\"background: rgb(255, 255, 255); mso-pagination: none; mso-padding-alt: 0pt 0pt 0pt 0pt;\"><span lang=\"EN-US\" style=\"background: rgb(255, 255, 255); letter-spacing: -0.3pt; mso-fareast-font-family: \ub098\ub214\ubc14\ub978\uace0\ub515; mso-font-width: 97%; mso-text-raise: 0pt;\">[2] (Shiller, 1997) <\/span><span style=\"background: rgb(255, 255, 255); font-family: \ub098\ub214\ubc14\ub978\uace0\ub515; mso-fareast-font-family: \ub098\ub214\ubc14\ub978\uace0\ub515;\">\ubbf8\uad6d<\/span><span lang=\"EN-US\" style=\"background: rgb(255, 255, 255); letter-spacing: -0.3pt; mso-fareast-font-family: \ub098\ub214\ubc14\ub978\uace0\ub515; mso-font-width: 97%; mso-text-raise: 0pt;\">, <\/span><span style=\"background: rgb(255, 255, 255); font-family: \ub098\ub214\ubc14\ub978\uace0\ub515; mso-fareast-font-family: \ub098\ub214\ubc14\ub978\uace0\ub515;\">\ub3c5\uc77c<\/span><span lang=\"EN-US\" style=\"background: rgb(255, 255, 255); letter-spacing: -0.3pt; mso-fareast-font-family: \ub098\ub214\ubc14\ub978\uace0\ub515; mso-font-width: 97%; mso-text-raise: 0pt;\">, <\/span><span style=\"background: rgb(255, 255, 255); font-family: \ub098\ub214\ubc14\ub978\uace0\ub515; mso-fareast-font-family: \ub098\ub214\ubc14\ub978\uace0\ub515;\">\ube0c\ub77c\uc9c8\uc5d0 \ub300\ud55c \uad11\ubc94\uc704\ud55c \uc124\ubb38\uc870\uc0ac \uacb0\uacfc\uc5d0 \ub530\ub974\uba74<\/span><span lang=\"EN-US\" style=\"background: rgb(255, 255, 255); letter-spacing: -0.3pt; mso-fareast-font-family: \ub098\ub214\ubc14\ub978\uace0\ub515; mso-font-width: 97%; mso-text-raise: 0pt;\">, <\/span><span style=\"background: rgb(255, 255, 255); font-family: \ub098\ub214\ubc14\ub978\uace0\ub515; mso-fareast-font-family: \ub098\ub214\ubc14\ub978\uace0\ub515;\">\uc77c\ubc18\uc778\ub4e4\uc740 \uacbd\uc81c\ud559\uc790\ub4e4\uc774 \uad00\uc2ec\uc744 \uac16\ub294 \uc778\ud50c\ub808\uc774\uc158\uc758 \uc601\ud5a5\uacfc \uc0c1\ub2f9\ud788 \ub2e4\ub978 \uce21\uba74\uc5d0 \uc8fc\ubaa9\ud55c\ub2e4<\/span><span lang=\"EN-US\" style=\"background: rgb(255, 255, 255); letter-spacing: -0.3pt; mso-fareast-font-family: \ub098\ub214\ubc14\ub978\uace0\ub515; mso-font-width: 97%; mso-text-raise: 0pt;\">.<\/span><\/p>\n<p class=\"3\" style=\"background: rgb(255, 255, 255); mso-pagination: none; mso-padding-alt: 0pt 0pt 0pt 0pt;\"><span style=\"background: rgb(255, 255, 255); font-family: \ub098\ub214\ubc14\ub978\uace0\ub515; mso-fareast-font-family: \ub098\ub214\ubc14\ub978\uace0\ub515;\">\uc989 \uc778\ud50c\ub808\uc774\uc158\uc774 \ubc1c\uc0dd\ud558\uba74 \uc77c\ubc18\uc801\uc73c\ub85c \uc790\uc2e0\ub4e4\uc758 \uacbd\uc0c1\uc18c\ub4dd\uc218\uc900\ub3c4 \uc99d\uac00\ud55c\ub2e4\ub294 \uc0ac\uc2e4\uc744 \uc560\uc368 \ub208\uac10\uc73c\ub824\ud55c\ub2e4\ub294 \uac83\uc774\ub2e4<\/span><span lang=\"EN-US\" style=\"background: rgb(255, 255, 255); letter-spacing: -0.3pt; mso-fareast-font-family: \ub098\ub214\ubc14\ub978\uace0\ub515; mso-font-width: 97%; mso-text-raise: 0pt;\">. <\/span><span style=\"background: rgb(255, 255, 255); font-family: \ub098\ub214\ubc14\ub978\uace0\ub515; mso-fareast-font-family: \ub098\ub214\ubc14\ub978\uace0\ub515;\">\uae0d\uc815\uc801 \ud6a8\uacfc\ub294 \ub3c4\uc678\uc2dc\ud558\uace0 \ubd80\uc815\uc801\uc778 \uc601\ud5a5\uc5d0 \uc9d1\uc911\ud558\ub294 \uacbd\ud5a5\uc774 \uc788\ub2e4\ub294 \uac83\uc774\ub2e4<\/span><span lang=\"EN-US\" style=\"background: rgb(255, 255, 255); letter-spacing: -0.3pt; mso-fareast-font-family: \ub098\ub214\ubc14\ub978\uace0\ub515; mso-font-width: 97%; mso-text-raise: 0pt;\">.<\/span><\/p>\n<p class=\"3\" style=\"background: rgb(255, 255, 255); mso-pagination: none; mso-padding-alt: 0pt 0pt 0pt 0pt;\"><span style=\"background: rgb(255, 255, 255); font-family: \ub098\ub214\ubc14\ub978\uace0\ub515; mso-fareast-font-family: \ub098\ub214\ubc14\ub978\uace0\ub515;\">\uc774 \uc124\ubb38\uc870\uc0ac \uacb0\uacfc\ub294 \uacbd\uc81c\ud559\uc790\ub4e4\uc774 \uac04\uacfc\ud558\uace0 \uc788\ub294 \uc77c\ubc18\uc778\ub4e4\uc758 \uba87 \uac00\uc9c0 \ub2e4\ub978 \uad00\uc2ec\ub4e4\uc744 \ucd94\uac00\uc801\uc73c\ub85c \ubc1d\ud788\uace0 \uc788\ub2e4<\/span><span lang=\"EN-US\" style=\"background: rgb(255, 255, 255); letter-spacing: -0.3pt; mso-fareast-font-family: \ub098\ub214\ubc14\ub978\uace0\ub515; mso-font-width: 97%; mso-text-raise: 0pt;\">. <\/span><span style=\"background: rgb(255, 255, 255); font-family: \ub098\ub214\ubc14\ub978\uace0\ub515; mso-fareast-font-family: \ub098\ub214\ubc14\ub978\uace0\ub515;\">\ud558\ub098\ub294 \uc778\ud50c\ub808\uc774\uc158\uc774 \ubd88\uacf5\ud3c9\ud558\uace0 \ubd80\uc815\uc9c1\ud55c \ubc29\ubc95\uc744 \ud1b5\ud574 \ub2e4\ub978 \uc0ac\ub78c\ub4e4\uc758 \ucc98\uc9c0\ub97c \uc545\uc6a9\ud560 \uc218 \uc788\ub294 \uae30\ud68c\ub97c \uc81c\uacf5\ud55c\ub2e4\ub294 \uac83\uc774\uace0<\/span><span lang=\"EN-US\" style=\"background: rgb(255, 255, 255); letter-spacing: -0.3pt; mso-fareast-font-family: \ub098\ub214\ubc14\ub978\uace0\ub515; mso-font-width: 97%; mso-text-raise: 0pt;\">, <\/span><span style=\"background: rgb(255, 255, 255); font-family: \ub098\ub214\ubc14\ub978\uace0\ub515; mso-fareast-font-family: \ub098\ub214\ubc14\ub978\uace0\ub515;\">\ub2e4\ub978 \ud558\ub098\ub294 \uc778\ud50c\ub808\uc774\uc158\uc774 \uc0ac\ud68c\uc758 \ub3c4\ub355\uc801 \uae30\ubc18\uc744 \uac09\uc544\uba39\ub294\ub2e4\ub294 \uac83\uc774\ub2e4<\/span><span lang=\"EN-US\" style=\"background: rgb(255, 255, 255); letter-spacing: -0.3pt; mso-fareast-font-family: \ub098\ub214\ubc14\ub978\uace0\ub515; mso-font-width: 97%; mso-text-raise: 0pt;\">.<\/span><\/p>\n<p class=\"3\" style=\"background: rgb(255, 255, 255); mso-pagination: none; mso-padding-alt: 0pt 0pt 0pt 0pt;\">  <!--[if !supportEmptyParas]-->&nbsp;<!--[endif]-->  <o:p><\/o:p><\/p>\n<p class=\"3\" style=\"background: rgb(255, 255, 255); mso-pagination: none; mso-padding-alt: 0pt 0pt 0pt 0pt;\"><span style=\"background: rgb(255, 255, 255); font-family: \ub098\ub214\ubc14\ub978\uace0\ub515; mso-fareast-font-family: \ub098\ub214\ubc14\ub978\uace0\ub515;\">\ud589\ubcf5\uc5d0 \uad00\ud55c \uc5f0\uad6c\ub4e4\uc774 \ubc1d\ud600\ub0b8 \ubc14\uc5d0 \ub530\ub974\uba74 \uc778\ud50c\ub808\uc774\uc158\uc740 \uc0ac\ub78c\ub4e4\uc774 \uc2a4\uc2a4\ub85c \ubcf4\uace0\ud558\ub294 \uc548\ub155\uac10 \uc218\uc900\uc744 \uccb4\uacc4\uc801\uc73c\ub85c<\/span><span lang=\"EN-US\" style=\"background: rgb(255, 255, 255); letter-spacing: -0.3pt; mso-fareast-font-family: \ub098\ub214\ubc14\ub978\uace0\ub515; mso-font-width: 97%; mso-text-raise: 0pt;\">, <\/span><span style=\"background: rgb(255, 255, 255); font-family: \ub098\ub214\ubc14\ub978\uace0\ub515; mso-fareast-font-family: \ub098\ub214\ubc14\ub978\uace0\ub515;\">\uadf8\ub9ac\uace0 \uc0c1\ub2f9\ud55c \uc218\uc900\ub9cc\ud07c \ud558\ub77d\uc2dc\ud0a8\ub2e4<\/span><span lang=\"EN-US\" style=\"background: rgb(255, 255, 255); letter-spacing: -0.3pt; mso-fareast-font-family: \ub098\ub214\ubc14\ub978\uace0\ub515; mso-font-width: 97%; mso-text-raise: 0pt;\">.<\/span><\/p>\n<p class=\"3\" style=\"background: rgb(255, 255, 255); mso-pagination: none; mso-padding-alt: 0pt 0pt 0pt 0pt;\"><span lang=\"EN-US\" style=\"background: rgb(255, 255, 255); letter-spacing: -0.3pt; mso-fareast-font-family: \ub098\ub214\ubc14\ub978\uace0\ub515; mso-font-width: 97%; mso-text-raise: 0pt;\">[3] (Di Tella, MacCulloch &amp; Oswald, 2001) <\/span><span style=\"background: rgb(255, 255, 255); font-family: \ub098\ub214\ubc14\ub978\uace0\ub515; mso-fareast-font-family: \ub098\ub214\ubc14\ub978\uace0\ub515;\">\uc8fc\ubaa9\ud560 \ub9cc\ud55c \uac83\uc740 <\/span><span lang=\"EN-US\" style=\"background: rgb(255, 255, 255); letter-spacing: -0.3pt; mso-fareast-font-family: \ub098\ub214\ubc14\ub978\uace0\ub515; mso-font-width: 97%; mso-text-raise: 0pt;\">1971~1991<\/span><span style=\"background: rgb(255, 255, 255); font-family: \ub098\ub214\ubc14\ub978\uace0\ub515; mso-fareast-font-family: \ub098\ub214\ubc14\ub978\uace0\ub515;\">\ub144 \ub3d9\uc548 \uc720\ub7fd <\/span><span lang=\"EN-US\" style=\"background: rgb(255, 255, 255); letter-spacing: -0.3pt; mso-fareast-font-family: \ub098\ub214\ubc14\ub978\uace0\ub515; mso-font-width: 97%; mso-text-raise: 0pt;\">12<\/span><span style=\"background: rgb(255, 255, 255); font-family: \ub098\ub214\ubc14\ub978\uace0\ub515; mso-fareast-font-family: \ub098\ub214\ubc14\ub978\uace0\ub515;\">\uac1c\uad6d \uc790\ub8cc\ub97c \ubd84\uc11d\ud55c \ub514 \ud154\ub77c<\/span><span lang=\"EN-US\" style=\"background: rgb(255, 255, 255); letter-spacing: -0.3pt; mso-fareast-font-family: \ub098\ub214\ubc14\ub978\uace0\ub515; mso-font-width: 97%; mso-text-raise: 0pt;\">, <\/span><span style=\"background: rgb(255, 255, 255); font-family: \ub098\ub214\ubc14\ub978\uace0\ub515; mso-fareast-font-family: \ub098\ub214\ubc14\ub978\uace0\ub515;\">\ub9e4\uceec\ub7ec\uc640 \uc624\uc2a4\uc648\ub4dc\uc758 \uc5f0\uad6c\ub2e4<\/span><span lang=\"EN-US\" style=\"background: rgb(255, 255, 255); letter-spacing: -0.3pt; mso-fareast-font-family: \ub098\ub214\ubc14\ub978\uace0\ub515; mso-font-width: 97%; mso-text-raise: 0pt;\">.<\/span><\/p>\n<p class=\"3\" style=\"background: rgb(255, 255, 255); mso-pagination: none; mso-padding-alt: 0pt 0pt 0pt 0pt;\"><span style=\"background: rgb(255, 255, 255); font-family: \ub098\ub214\ubc14\ub978\uace0\ub515; mso-fareast-font-family: \ub098\ub214\ubc14\ub978\uace0\ub515;\">\uc774 \uc790\ub8cc\uc5d0\uc11c \ud3c9\uade0 \uc778\ud50c\ub808\uc774\uc158\uc728\uc740 \uc5f0 <\/span><span lang=\"EN-US\" style=\"background: rgb(255, 255, 255); letter-spacing: -0.3pt; mso-fareast-font-family: \ub098\ub214\ubc14\ub978\uace0\ub515; mso-font-width: 97%; mso-text-raise: 0pt;\">7.5%<\/span><span style=\"background: rgb(255, 255, 255); font-family: \ub098\ub214\ubc14\ub978\uace0\ub515; mso-fareast-font-family: \ub098\ub214\ubc14\ub978\uace0\ub515;\">\uc600\ub2e4<\/span><span lang=\"EN-US\" style=\"background: rgb(255, 255, 255); letter-spacing: -0.3pt; mso-fareast-font-family: \ub098\ub214\ubc14\ub978\uace0\ub515; mso-font-width: 97%; mso-text-raise: 0pt;\">. <\/span><span style=\"background: rgb(255, 255, 255); font-family: \ub098\ub214\ubc14\ub978\uace0\ub515; mso-fareast-font-family: \ub098\ub214\ubc14\ub978\uace0\ub515;\">\uc774\ub4e4\uc740 <\/span><span lang=\"EN-US\" style=\"background: rgb(255, 255, 255); letter-spacing: -0.3pt; mso-fareast-font-family: \ub098\ub214\ubc14\ub978\uace0\ub515; mso-font-width: 97%; mso-text-raise: 0pt;\">4<\/span><span style=\"background: rgb(255, 255, 255); font-family: \ub098\ub214\ubc14\ub978\uace0\ub515; mso-fareast-font-family: \ub098\ub214\ubc14\ub978\uace0\ub515;\">\uc810 \ub9cc\uc810\uc73c\ub85c \uad6c\uc131\ub41c \uc124\ubb38\uc744 \ud1b5\ud574 <\/span><span lang=\"EN-US\" style=\"background: rgb(255, 255, 255); letter-spacing: -0.3pt; mso-fareast-font-family: \ub098\ub214\ubc14\ub978\uace0\ub515; mso-font-width: 97%; mso-text-raise: 0pt;\">\u2018<\/span><span style=\"background: rgb(255, 255, 255); font-family: \ub098\ub214\ubc14\ub978\uace0\ub515; mso-fareast-font-family: \ub098\ub214\ubc14\ub978\uace0\ub515;\">\uc804\ud600 \ub9cc\uc871\uc2a4\ub7fd\uc9c0 \ubabb\ud558\ub2e4<\/span><span lang=\"EN-US\" style=\"background: rgb(255, 255, 255); letter-spacing: -0.3pt; mso-fareast-font-family: \ub098\ub214\ubc14\ub978\uace0\ub515; mso-font-width: 97%; mso-text-raise: 0pt;\">(1<\/span><span style=\"background: rgb(255, 255, 255); font-family: \ub098\ub214\ubc14\ub978\uace0\ub515; mso-fareast-font-family: \ub098\ub214\ubc14\ub978\uace0\ub515;\">\uc810<\/span><span lang=\"EN-US\" style=\"background: rgb(255, 255, 255); letter-spacing: -0.3pt; mso-fareast-font-family: \ub098\ub214\ubc14\ub978\uace0\ub515; mso-font-width: 97%; mso-text-raise: 0pt;\">)\u2019, \u2018<\/span><span style=\"background: rgb(255, 255, 255); font-family: \ub098\ub214\ubc14\ub978\uace0\ub515; mso-fareast-font-family: \ub098\ub214\ubc14\ub978\uace0\ub515;\">\uc369 \ub9cc\uc871\uc2a4\ub7fd\uc9c0\ub294 \uc54a\ub2e4<\/span><span lang=\"EN-US\" style=\"background: rgb(255, 255, 255); letter-spacing: -0.3pt; mso-fareast-font-family: \ub098\ub214\ubc14\ub978\uace0\ub515; mso-font-width: 97%; mso-text-raise: 0pt;\">(2<\/span><span style=\"background: rgb(255, 255, 255); font-family: \ub098\ub214\ubc14\ub978\uace0\ub515; mso-fareast-font-family: \ub098\ub214\ubc14\ub978\uace0\ub515;\">\uc810<\/span><span lang=\"EN-US\" style=\"background: rgb(255, 255, 255); letter-spacing: -0.3pt; mso-fareast-font-family: \ub098\ub214\ubc14\ub978\uace0\ub515; mso-font-width: 97%; mso-text-raise: 0pt;\">)\u2019 <\/span><span style=\"background: rgb(255, 255, 255); font-family: \ub098\ub214\ubc14\ub978\uace0\ub515; mso-fareast-font-family: \ub098\ub214\ubc14\ub978\uace0\ub515;\">\ub4f1 \ud56d\ubaa9\uc744 \uc124\uc815\ud558\uace0 \uae30\uc218\uc801\uc778 \ud3c9\uade0 \ub9cc\uc871\uc218\uc900\uc744 \uacc4\uc0b0\ud588\ub2e4<\/span><span lang=\"EN-US\" style=\"background: rgb(255, 255, 255); letter-spacing: -0.3pt; mso-fareast-font-family: \ub098\ub214\ubc14\ub978\uace0\ub515; mso-font-width: 97%; mso-text-raise: 0pt;\">.<\/span><\/p>\n<p class=\"3\" style=\"background: rgb(255, 255, 255); mso-pagination: none; mso-padding-alt: 0pt 0pt 0pt 0pt;\">  <!--[if !supportEmptyParas]-->&nbsp;<!--[endif]-->  <o:p><\/o:p><\/p>\n<p class=\"3\" style=\"background: rgb(255, 255, 255); mso-pagination: none; mso-padding-alt: 0pt 0pt 0pt 0pt;\"><span style=\"background: rgb(255, 255, 255); font-family: \ub098\ub214\ubc14\ub978\uace0\ub515; mso-fareast-font-family: \ub098\ub214\ubc14\ub978\uace0\ub515;\">\uac1c\uc778\uc758 \uc0ac\ud68c\uacbd\uc81c\uc801 \ud2b9\uc131\uacfc \uc2e4\uc5c5\ub960\uc774 \uc8fc\uc5b4\uc838 \uc788\ub2e4\uba74<\/span><span lang=\"EN-US\" style=\"background: rgb(255, 255, 255); letter-spacing: -0.3pt; mso-fareast-font-family: \ub098\ub214\ubc14\ub978\uace0\ub515; mso-font-width: 97%; mso-text-raise: 0pt;\">, <\/span><span style=\"background: rgb(255, 255, 255); font-family: \ub098\ub214\ubc14\ub978\uace0\ub515; mso-fareast-font-family: \ub098\ub214\ubc14\ub978\uace0\ub515;\">\uc778\ud50c\ub808\uc774\uc158\uc728\uc774 <\/span><span lang=\"EN-US\" style=\"background: rgb(255, 255, 255); letter-spacing: -0.3pt; mso-fareast-font-family: \ub098\ub214\ubc14\ub978\uace0\ub515; mso-font-width: 97%; mso-text-raise: 0pt;\">1% <\/span><span style=\"background: rgb(255, 255, 255); font-family: \ub098\ub214\ubc14\ub978\uace0\ub515; mso-fareast-font-family: \ub098\ub214\ubc14\ub978\uace0\ub515;\">\ud3ec\uc778\ud2b8 \uc0c1\uc2b9\ud560 \ub54c<\/span><span lang=\"EN-US\" style=\"background: rgb(255, 255, 255); letter-spacing: -0.3pt; mso-fareast-font-family: \ub098\ub214\ubc14\ub978\uace0\ub515; mso-font-width: 97%; mso-text-raise: 0pt;\">, <\/span><span style=\"background: rgb(255, 255, 255); font-family: \ub098\ub214\ubc14\ub978\uace0\ub515; mso-fareast-font-family: \ub098\ub214\ubc14\ub978\uace0\ub515;\">\ud3c9\uade0\uc801\uc778 \ud589\ubcf5\uc218\uc900\uc740 <\/span><span lang=\"EN-US\" style=\"background: rgb(255, 255, 255); letter-spacing: -0.3pt; mso-fareast-font-family: \ub098\ub214\ubc14\ub978\uace0\ub515; mso-font-width: 97%; mso-text-raise: 0pt;\">0.01 <\/span><span style=\"background: rgb(255, 255, 255); font-family: \ub098\ub214\ubc14\ub978\uace0\ub515; mso-fareast-font-family: \ub098\ub214\ubc14\ub978\uace0\ub515;\">\ub2e8\uc704 \ud558\ub77d\ud558\ub294 \uac83\uc73c\ub85c \ucd94\uc815\ub418\uc5c8\ub2e4<\/span><span lang=\"EN-US\" style=\"background: rgb(255, 255, 255); letter-spacing: -0.3pt; mso-fareast-font-family: \ub098\ub214\ubc14\ub978\uace0\ub515; mso-font-width: 97%; mso-text-raise: 0pt;\">. <\/span><span style=\"background: rgb(255, 255, 255); font-family: \ub098\ub214\ubc14\ub978\uace0\ub515; mso-fareast-font-family: \ub098\ub214\ubc14\ub978\uace0\ub515;\">\ub530\ub77c\uc11c \uc778\ud50c\ub808\uc774\uc158\uc728\uc774 <\/span><span lang=\"EN-US\" style=\"background: rgb(255, 255, 255); letter-spacing: -0.3pt; mso-fareast-font-family: \ub098\ub214\ubc14\ub978\uace0\ub515; mso-font-width: 97%; mso-text-raise: 0pt;\">5% <\/span><span style=\"background: rgb(255, 255, 255); font-family: \ub098\ub214\ubc14\ub978\uace0\ub515; mso-fareast-font-family: \ub098\ub214\ubc14\ub978\uace0\ub515;\">\uc0c1\uc2b9\ud558\ub294 \uacbd\uc6b0<\/span><span lang=\"EN-US\" style=\"background: rgb(255, 255, 255); letter-spacing: -0.3pt; mso-fareast-font-family: \ub098\ub214\ubc14\ub978\uace0\ub515; mso-font-width: 97%; mso-text-raise: 0pt;\">, <\/span><span style=\"background: rgb(255, 255, 255); font-family: \ub098\ub214\ubc14\ub978\uace0\ub515; mso-fareast-font-family: \ub098\ub214\ubc14\ub978\uace0\ub515;\">\uc8fc\uad00\uc801 \uc548\ub155\uac10 \uc218\uc900\uc740 <\/span><span lang=\"EN-US\" style=\"background: rgb(255, 255, 255); letter-spacing: -0.3pt; mso-fareast-font-family: \ub098\ub214\ubc14\ub978\uace0\ub515; mso-font-width: 97%; mso-text-raise: 0pt;\">0.05 <\/span><span style=\"background: rgb(255, 255, 255); font-family: \ub098\ub214\ubc14\ub978\uace0\ub515; mso-fareast-font-family: \ub098\ub214\ubc14\ub978\uace0\ub515;\">\ub2e8\uc704 \ud558\ub77d\ud560 \uac83\uc774\ub2e4<\/span><span lang=\"EN-US\" style=\"background: rgb(255, 255, 255); letter-spacing: -0.3pt; mso-fareast-font-family: \ub098\ub214\ubc14\ub978\uace0\ub515; mso-font-width: 97%; mso-text-raise: 0pt;\">. <\/span><span style=\"background: rgb(255, 255, 255); font-family: \ub098\ub214\ubc14\ub978\uace0\ub515; mso-fareast-font-family: \ub098\ub214\ubc14\ub978\uace0\ub515;\">\uc774\uc815\ub3c4\uc758 \ud6a8\uacfc\ub77c\uba74 \uc544\uc8fc \ud06c\uc9c0\ub294 \uc54a\uc9c0\ub9cc \ub9e4\uc6b0 \uc758\ubbf8 \uc788\ub294 \uc815\ub3c4\ub77c\uace0 \ud3c9\uac00\ud560 \uc218 \uc788\ub2e4<\/span><span lang=\"EN-US\" style=\"background: rgb(255, 255, 255); letter-spacing: -0.3pt; mso-fareast-font-family: \ub098\ub214\ubc14\ub978\uace0\ub515; mso-font-width: 97%; mso-text-raise: 0pt;\">.<\/span><\/p>\n<p class=\"3\" style=\"background: rgb(255, 255, 255); mso-pagination: none; mso-padding-alt: 0pt 0pt 0pt 0pt;\">  <!--[if !supportEmptyParas]-->&nbsp;<!--[endif]-->  <o:p><\/o:p><\/p>\n<p class=\"3\" style=\"background: rgb(255, 255, 255); mso-pagination: none; mso-padding-alt: 0pt 0pt 0pt 0pt;\"><span lang=\"EN-US\" style=\"background: rgb(255, 255, 255); letter-spacing: -0.3pt; mso-fareast-font-family: \ub098\ub214\ubc14\ub978\uace0\ub515; mso-font-width: 97%; mso-text-raise: 0pt;\">[4] (Di Tella, MacCulloch &amp; Oswald, 2001; Wolfers, 2003) <\/span><span style=\"background: rgb(255, 255, 255); font-family: \ub098\ub214\ubc14\ub978\uace0\ub515; mso-fareast-font-family: \ub098\ub214\ubc14\ub978\uace0\ub515;\">\uc2e4\uc5c5\ub960\uc774 \ud589\ubcf5\uc5d0 \ubbf8\uce58\ub294 \uc601\ud5a5\uc744 \ucd94\uc815\ud55c \uc790\ub8cc\ub97c \uc704\uc758 \uacb0\uacfc\uc640 \uc5f0\uacb0\uc2dc\ud0a4\uba74 \uc778\ud50c\ub808\uc774\uc158\uacfc \uc2e4\uc5c5 \uc0ac\uc774\uc758 \uc0c1\ucda9 \uad00\uacc4\ub97c \uc2e4\uc99d\uc801\uc73c\ub85c \uc5f0\uad6c\ud558\ub294 \uac83\uc774 \uac00\ub2a5\ud574\uc9c4\ub2e4<\/span><span lang=\"EN-US\" style=\"background: rgb(255, 255, 255); letter-spacing: -0.3pt; mso-fareast-font-family: \ub098\ub214\ubc14\ub978\uace0\ub515; mso-font-width: 97%; mso-text-raise: 0pt;\">.<\/span><\/p>\n<p class=\"3\" style=\"background: rgb(255, 255, 255); mso-pagination: none; mso-padding-alt: 0pt 0pt 0pt 0pt;\"><span style=\"background: rgb(255, 255, 255); font-family: \ub098\ub214\ubc14\ub978\uace0\ub515; mso-fareast-font-family: \ub098\ub214\ubc14\ub978\uace0\ub515;\">\uc5f0\uad6c \uc9c8\ubb38\uc740 <\/span><span lang=\"EN-US\" style=\"background: rgb(255, 255, 255); letter-spacing: -0.3pt; mso-fareast-font-family: \ub098\ub214\ubc14\ub978\uace0\ub515; mso-font-width: 97%; mso-text-raise: 0pt;\">\u201c<\/span><span style=\"background: rgb(255, 255, 255); font-family: \ub098\ub214\ubc14\ub978\uace0\ub515; mso-fareast-font-family: \ub098\ub214\ubc14\ub978\uace0\ub515;\">\uc2e4\uc5c5\ub960 <\/span><span lang=\"EN-US\" style=\"background: rgb(255, 255, 255); letter-spacing: -0.3pt; mso-fareast-font-family: \ub098\ub214\ubc14\ub978\uace0\ub515; mso-font-width: 97%; mso-text-raise: 0pt;\">1% <\/span><span style=\"background: rgb(255, 255, 255); font-family: \ub098\ub214\ubc14\ub978\uace0\ub515; mso-fareast-font-family: \ub098\ub214\ubc14\ub978\uace0\ub515;\">\ud3ec\uc778\uc2a4 \uc0c1\uc2ac\uc744 \uac10\ub0b4\ud558\uae30 \uc704\ud574 \ud3c9\uade0\uc801\uc73c\ub85c \uc778\ud50c\ub808\uc774\uc158\uc728\uc744 \uc5bc\ub9c8\ub098 \uc904\uc5ec\uc57c \ud560\uae4c<\/span><span lang=\"EN-US\" style=\"background: rgb(255, 255, 255); letter-spacing: -0.3pt; mso-fareast-font-family: \ub098\ub214\ubc14\ub978\uace0\ub515; mso-font-width: 97%; mso-text-raise: 0pt;\">?\u201d <\/span><span style=\"background: rgb(255, 255, 255); font-family: \ub098\ub214\ubc14\ub978\uace0\ub515; mso-fareast-font-family: \ub098\ub214\ubc14\ub978\uace0\ub515;\">\ud558\ub294 \uac83\uc774\ub2e4<\/span><span lang=\"EN-US\" style=\"background: rgb(255, 255, 255); letter-spacing: -0.3pt; mso-fareast-font-family: \ub098\ub214\ubc14\ub978\uace0\ub515; mso-font-width: 97%; mso-text-raise: 0pt;\">.<\/span><\/p>\n<p class=\"3\" style=\"background: rgb(255, 255, 255); mso-pagination: none; mso-padding-alt: 0pt 0pt 0pt 0pt;\"><span style=\"background: rgb(255, 255, 255); font-family: \ub098\ub214\ubc14\ub978\uace0\ub515; mso-fareast-font-family: \ub098\ub214\ubc14\ub978\uace0\ub515;\">\uacb0\uacfc\ub294 \uc2e4\uc5c5\ub960 <\/span><span lang=\"EN-US\" style=\"background: rgb(255, 255, 255); letter-spacing: -0.3pt; mso-fareast-font-family: \ub098\ub214\ubc14\ub978\uace0\ub515; mso-font-width: 97%; mso-text-raise: 0pt;\">1% <\/span><span style=\"background: rgb(255, 255, 255); font-family: \ub098\ub214\ubc14\ub978\uace0\ub515; mso-fareast-font-family: \ub098\ub214\ubc14\ub978\uace0\ub515;\">\ud3ec\uc778\ud2b8 \uc99d\uac00\ub294 \uc778\ud50c\ub808\uc774\uc158\uc728 <\/span><span lang=\"EN-US\" style=\"background: rgb(255, 255, 255); letter-spacing: -0.3pt; mso-fareast-font-family: \ub098\ub214\ubc14\ub978\uace0\ub515; mso-font-width: 97%; mso-text-raise: 0pt;\">1.7% <\/span><span style=\"background: rgb(255, 255, 255); font-family: \ub098\ub214\ubc14\ub978\uace0\ub515; mso-fareast-font-family: \ub098\ub214\ubc14\ub978\uace0\ub515;\">\ud3ec\uc778\ud2b8 \uac10\uc18c\uc640 \ub9de\uba39\ub294\ub2e4\ub294 \uac83\uc774\uc5c8\ub2e4<\/span><span lang=\"EN-US\" style=\"background: rgb(255, 255, 255); letter-spacing: -0.3pt; mso-fareast-font-family: \ub098\ub214\ubc14\ub978\uace0\ub515; mso-font-width: 97%; mso-text-raise: 0pt;\">. <\/span><span style=\"background: rgb(255, 255, 255); font-family: \ub098\ub214\ubc14\ub978\uace0\ub515; mso-fareast-font-family: \ub098\ub214\ubc14\ub978\uace0\ub515;\">\ub530\ub77c\uc11c \uc2e4\uc5c5\ub960\uc774 <\/span><span lang=\"EN-US\" style=\"background: rgb(255, 255, 255); letter-spacing: -0.3pt; mso-fareast-font-family: \ub098\ub214\ubc14\ub978\uace0\ub515; mso-font-width: 97%; mso-text-raise: 0pt;\">5% <\/span><span style=\"background: rgb(255, 255, 255); font-family: \ub098\ub214\ubc14\ub978\uace0\ub515; mso-fareast-font-family: \ub098\ub214\ubc14\ub978\uace0\ub515;\">\ud3ec\uc778\ud2b8 \uc0c1\uc2b9\ud55c\ub2e4\uba74 \uc778\ud50c\ub808\uc774\uc158\uc728\uc774 <\/span><span lang=\"EN-US\" style=\"background: rgb(255, 255, 255); letter-spacing: -0.3pt; mso-fareast-font-family: \ub098\ub214\ubc14\ub978\uace0\ub515; mso-font-width: 97%; mso-text-raise: 0pt;\">8.5% <\/span><span style=\"background: rgb(255, 255, 255); font-family: \ub098\ub214\ubc14\ub978\uace0\ub515; mso-fareast-font-family: \ub098\ub214\ubc14\ub978\uace0\ub515;\">\ud3ec\uc778\ud2b8 \ud558\ub77d\ud574\uc57c \uc0ac\ub78c\ub4e4\uc758 \ud589\ubcf5\uc218\uc900\uc774 \ubcc0\ud558\uc9c0 \uc54a\ub294\ub2e4\ub294 \uac83\uc774\ub2e4<\/span><span lang=\"EN-US\" style=\"background: rgb(255, 255, 255); letter-spacing: -0.3pt; mso-fareast-font-family: \ub098\ub214\ubc14\ub978\uace0\ub515; mso-font-width: 97%; mso-text-raise: 0pt;\">.<\/span><\/p>\n<p class=\"3\" style=\"background: rgb(255, 255, 255); mso-pagination: none; mso-padding-alt: 0pt 0pt 0pt 0pt;\"><span style=\"background: rgb(255, 255, 255); font-family: \ub098\ub214\ubc14\ub978\uace0\ub515; mso-fareast-font-family: \ub098\ub214\ubc14\ub978\uace0\ub515;\">\uc18c\uc704 \ub9d0\ud558\ub294 <\/span><span lang=\"EN-US\" style=\"background: rgb(255, 255, 255); letter-spacing: -0.3pt; mso-fareast-font-family: \ub098\ub214\ubc14\ub978\uace0\ub515; mso-font-width: 97%; mso-text-raise: 0pt;\">\u2018<\/span><span style=\"background: rgb(255, 255, 255); font-family: \ub098\ub214\ubc14\ub978\uace0\ub515; mso-fareast-font-family: \ub098\ub214\ubc14\ub978\uace0\ub515;\">\ubd88\ud589 \uc9c0\uc218<\/span><span lang=\"EN-US\" style=\"background: rgb(255, 255, 255); letter-spacing: -0.3pt; mso-fareast-font-family: \ub098\ub214\ubc14\ub978\uace0\ub515; mso-font-width: 97%; mso-text-raise: 0pt;\">Misery Index\u2019<\/span><span style=\"background: rgb(255, 255, 255); font-family: \ub098\ub214\ubc14\ub978\uace0\ub515; mso-fareast-font-family: \ub098\ub214\ubc14\ub978\uace0\ub515;\">\ub294 \uc2e4\uc5c5\ub960\uacfc \uc778\ud50c\ub808\uc774\uc158\uc728\uc744 \ub2e8\uc21c \ud569\uacc4\ud568\uc73c\ub85c\uc368 \ub450 \ubcc0\uc218\uc5d0 \uac19\uc740 \ube44\uc911\uc744 \ub450\uace0 \uacc4\uc0b0\ud558\ub294\ub370<\/span><span lang=\"EN-US\" style=\"background: rgb(255, 255, 255); letter-spacing: -0.3pt; mso-fareast-font-family: \ub098\ub214\ubc14\ub978\uace0\ub515; mso-font-width: 97%; mso-text-raise: 0pt;\">, <\/span><span style=\"background: rgb(255, 255, 255); font-family: \ub098\ub214\ubc14\ub978\uace0\ub515; mso-fareast-font-family: \ub098\ub214\ubc14\ub978\uace0\ub515;\">\uc774\ub294 \uc55e\uc758 \uc5f0\uad6c \uacb0\uacfc\ub85c \ubbf8\ub8e8\uc5b4 \ubcfc \ub54c \uc2e4\uc5c5\ub960\uc758 \ube44\uc911\uc744 \uc778\ud50c\ub808\uc774\uc158\uc728\uc758 \ube44\uc911\ubcf4\ub2e4 \ub0ae\uac8c \ud3c9\uac00\ud568\uc73c\ub85c\uc368 \uc0c1\ucda9 \uad00\uacc4\ub97c \uc65c\uace1\ub41c \ud615\ud0dc\ub85c \ubb18\uc0ac\ud558\uace0 \uc788\ub2e4\ub294 \ube44\ud310\uc774 \uac00\ub2a5\ud558\ub2e4<\/span><span lang=\"EN-US\" style=\"background: rgb(255, 255, 255); letter-spacing: -0.3pt; mso-fareast-font-family: \ub098\ub214\ubc14\ub978\uace0\ub515; mso-font-width: 97%; mso-text-raise: 0pt;\">.<\/span><\/p>\n<p class=\"3\" style=\"background: rgb(255, 255, 255); mso-pagination: none; mso-padding-alt: 0pt 0pt 0pt 0pt;\">  <!--[if !supportEmptyParas]-->&nbsp;<!--[endif]--> <\/p>\n<p class=\"3\" style=\"background: rgb(255, 255, 255); mso-pagination: none; mso-padding-alt: 0pt 0pt 0pt 0pt;\">&nbsp;<o:p><\/o:p><\/p>\n<p class=\"2\" style=\"background: rgb(255, 255, 255); mso-pagination: none; mso-padding-alt: 0pt 0pt 0pt 0pt; mso-list: l65534 level1 lfo65535;\"><span style=\"background: rgb(255, 255, 255); font-family: \ub098\ub214\ubc14\ub978\uace0\ub515; mso-fareast-font-family: \ub098\ub214\ubc14\ub978\uace0\ub515;\">2. \ubd88\ud3c9\ub4f1<\/span><\/p>\n<p class=\"3\" style=\"background: rgb(255, 255, 255); mso-pagination: none; mso-padding-alt: 0pt 0pt 0pt 0pt;\">  <!--[if !supportEmptyParas]-->&nbsp;<!--[endif]-->  <o:p><\/o:p><\/p>\n<p class=\"3\" style=\"background: rgb(255, 255, 255); mso-pagination: none; mso-padding-alt: 0pt 0pt 0pt 0pt;\"><span lang=\"EN-US\" style=\"background: rgb(255, 255, 255); letter-spacing: -0.3pt; mso-fareast-font-family: \ub098\ub214\ubc14\ub978\uace0\ub515; mso-font-width: 97%; mso-text-raise: 0pt;\">[5] (Deaton, 2005) <\/span><span style=\"background: rgb(255, 255, 255); font-family: \ub098\ub214\ubc14\ub978\uace0\ub515; mso-fareast-font-family: \ub098\ub214\ubc14\ub978\uace0\ub515;\">\ub300\ubd80\ubd84\uc758 \uc0ac\ub78c\ub4e4\uc5d0\uac8c \uc2dc\uc7a5\uc758 \uc18c\ub4dd\ubd84\ubc30 \uacb0\uacfc\ub294 \ubc1b\uc544\ub4e4\uc774\uae30 \uc5b4\ub824\uc6b4 \uc218\uc900\uc774\ub2e4<\/span><span lang=\"EN-US\" style=\"background: rgb(255, 255, 255); letter-spacing: -0.3pt; mso-fareast-font-family: \ub098\ub214\ubc14\ub978\uace0\ub515; mso-font-width: 97%; mso-text-raise: 0pt;\">.<\/span><\/p>\n<p class=\"3\" style=\"background: rgb(255, 255, 255); mso-pagination: none; mso-padding-alt: 0pt 0pt 0pt 0pt;\"><span lang=\"EN-US\" style=\"background: rgb(255, 255, 255); letter-spacing: -0.3pt; mso-fareast-font-family: \ub098\ub214\ubc14\ub978\uace0\ub515; mso-font-width: 97%; mso-text-raise: 0pt;\">[6] (Alesina &amp; La Ferrara, 2005) <\/span><span style=\"background: rgb(255, 255, 255); font-family: \ub098\ub214\ubc14\ub978\uace0\ub515; mso-fareast-font-family: \ub098\ub214\ubc14\ub978\uace0\ub515;\">\uc774\uc5d0 \ub530\ub77c \uc18c\ub4dd\ubd84\ubc30\uc5d0 \uc815\ubd80\uac00 \uac15\ub825\ud558\uac8c \uac1c\uc785\ud574\uc57c \ud55c\ub2e4\ub294 \uc694\uad6c\uac00 \uc874\uc7ac\ud55c\ub2e4<\/span><span lang=\"EN-US\" style=\"background: rgb(255, 255, 255); letter-spacing: -0.3pt; mso-fareast-font-family: \ub098\ub214\ubc14\ub978\uace0\ub515; mso-font-width: 97%; mso-text-raise: 0pt;\">.<\/span><\/p>\n<p class=\"3\" style=\"background: rgb(255, 255, 255); mso-pagination: none; mso-padding-alt: 0pt 0pt 0pt 0pt;\"><span style=\"background: rgb(255, 255, 255); font-family: \ub098\ub214\ubc14\ub978\uace0\ub515; mso-fareast-font-family: \ub098\ub214\ubc14\ub978\uace0\ub515;\">\ud604\ub300\uc5d0 \uc640\uc11c\ub294 \uc774\ub7ec\ud55c \uc694\uad6c\uc758 \uacb0\uacfc \uc815\ubd80\uac00 \uad11\ubc94\uc704\ud55c \ud615\ud0dc\uc758 \uc7ac\ubd84\ubc30 \uc815\ucc45\uc744 \uc4f0\uace0 \uc788\uc73c\uba70 \uc774\ub7ec\ud55c \uacbd\ud5a5\uc740 <\/span><span lang=\"EN-US\" style=\"background: rgb(255, 255, 255); letter-spacing: -0.3pt; mso-fareast-font-family: \ub098\ub214\ubc14\ub978\uace0\ub515; mso-font-width: 97%; mso-text-raise: 0pt;\">20<\/span><span style=\"background: rgb(255, 255, 255); font-family: \ub098\ub214\ubc14\ub978\uace0\ub515; mso-fareast-font-family: \ub098\ub214\ubc14\ub978\uace0\ub515;\">\uc138\uc5d0 \ub4e4\uc5b4\uc624\uba74\uc11c \ub354\uc6b1 \ub450\ub4dc\ub7ec\uc84c\ub2e4<\/span><span lang=\"EN-US\" style=\"background: rgb(255, 255, 255); letter-spacing: -0.3pt; mso-fareast-font-family: \ub098\ub214\ubc14\ub978\uace0\ub515; mso-font-width: 97%; mso-text-raise: 0pt;\">.<\/span><\/p>\n<p class=\"3\" style=\"background: rgb(255, 255, 255); mso-pagination: none; mso-padding-alt: 0pt 0pt 0pt 0pt;\"><span lang=\"EN-US\" style=\"background: rgb(255, 255, 255); letter-spacing: -0.3pt; mso-fareast-font-family: \ub098\ub214\ubc14\ub978\uace0\ub515; mso-font-width: 97%; mso-text-raise: 0pt;\">19<\/span><span style=\"background: rgb(255, 255, 255); font-family: \ub098\ub214\ubc14\ub978\uace0\ub515; mso-fareast-font-family: \ub098\ub214\ubc14\ub978\uace0\ub515;\">\uc138\uae30 \ub9d0 \uacbd\uc5d0\ub294 \ubbf8\uad6d\uacfc \uc720\ub7fd\uc5d0\uc11c \uc815\ubd80\uac00 \uc774\uc804\ud558\ub294 \uc18c\ub4dd\uc740 <\/span><span lang=\"EN-US\" style=\"background: rgb(255, 255, 255); letter-spacing: -0.3pt; mso-fareast-font-family: \ub098\ub214\ubc14\ub978\uace0\ub515; mso-font-width: 97%; mso-text-raise: 0pt;\">GDP<\/span><span style=\"background: rgb(255, 255, 255); font-family: \ub098\ub214\ubc14\ub978\uace0\ub515; mso-fareast-font-family: \ub098\ub214\ubc14\ub978\uace0\ub515;\">\uc758 <\/span><span lang=\"EN-US\" style=\"background: rgb(255, 255, 255); letter-spacing: -0.3pt; mso-fareast-font-family: \ub098\ub214\ubc14\ub978\uace0\ub515; mso-font-width: 97%; mso-text-raise: 0pt;\">1%<\/span><span style=\"background: rgb(255, 255, 255); font-family: \ub098\ub214\ubc14\ub978\uace0\ub515; mso-fareast-font-family: \ub098\ub214\ubc14\ub978\uace0\ub515;\">\uc5d0\ub3c4 \ubabb \ubbf8\ucce4\ub2e4<\/span><span lang=\"EN-US\" style=\"background: rgb(255, 255, 255); letter-spacing: -0.3pt; mso-fareast-font-family: \ub098\ub214\ubc14\ub978\uace0\ub515; mso-font-width: 97%; mso-text-raise: 0pt;\">. 20<\/span><span style=\"background: rgb(255, 255, 255); font-family: \ub098\ub214\ubc14\ub978\uace0\ub515; mso-fareast-font-family: \ub098\ub214\ubc14\ub978\uace0\ub515;\">\uc138\uae30\uc5d0 \uc774\ub974\uc790 \uc774\ub294 \ubbf8\uad6d\uc758 \uacbd\uc6b0 <\/span><span lang=\"EN-US\" style=\"background: rgb(255, 255, 255); letter-spacing: -0.3pt; mso-fareast-font-family: \ub098\ub214\ubc14\ub978\uace0\ub515; mso-font-width: 97%; mso-text-raise: 0pt;\">GDP<\/span><span style=\"background: rgb(255, 255, 255); font-family: \ub098\ub214\ubc14\ub978\uace0\ub515; mso-fareast-font-family: \ub098\ub214\ubc14\ub978\uace0\ub515;\">\uc758 <\/span><span lang=\"EN-US\" style=\"background: rgb(255, 255, 255); letter-spacing: -0.3pt; mso-fareast-font-family: \ub098\ub214\ubc14\ub978\uace0\ub515; mso-font-width: 97%; mso-text-raise: 0pt;\">14% <\/span><span style=\"background: rgb(255, 255, 255); font-family: \ub098\ub214\ubc14\ub978\uace0\ub515; mso-fareast-font-family: \ub098\ub214\ubc14\ub978\uace0\ub515;\">\uc815\ub3c4 \uc720\ub7fd\uc758 \uacbd\uc6b0 <\/span><span lang=\"EN-US\" style=\"background: rgb(255, 255, 255); letter-spacing: -0.3pt; mso-fareast-font-family: \ub098\ub214\ubc14\ub978\uace0\ub515; mso-font-width: 97%; mso-text-raise: 0pt;\">22%<\/span><span style=\"background: rgb(255, 255, 255); font-family: \ub098\ub214\ubc14\ub978\uace0\ub515; mso-fareast-font-family: \ub098\ub214\ubc14\ub978\uace0\ub515;\">\uc5d0 \ub2ec\ud558\uac8c \ub41c\ub2e4<\/span><span lang=\"EN-US\" style=\"background: rgb(255, 255, 255); letter-spacing: -0.3pt; mso-fareast-font-family: \ub098\ub214\ubc14\ub978\uace0\ub515; mso-font-width: 97%; mso-text-raise: 0pt;\">.<\/span><\/p>\n<p class=\"3\" style=\"background: rgb(255, 255, 255); mso-pagination: none; mso-padding-alt: 0pt 0pt 0pt 0pt;\"><span lang=\"EN-US\" style=\"background: rgb(255, 255, 255); letter-spacing: -0.3pt; mso-fareast-font-family: \ub098\ub214\ubc14\ub978\uace0\ub515; mso-font-width: 97%; mso-text-raise: 0pt;\">[7] (Tanzi &amp; Schuknecht, 2000) <\/span><span style=\"background: rgb(255, 255, 255); font-family: \ub098\ub214\ubc14\ub978\uace0\ub515; mso-fareast-font-family: \ub098\ub214\ubc14\ub978\uace0\ub515;\">\uc774\ub7ec\ud55c \ucc28\uc774\ub294 \uc720\ub7fd\uc774 \ubbf8\uad6d\ubcf4\ub2e4 \uc815\ubd80\uc5d0 \uc758\ud55c \uc774\uc804\uc18c\ub4dd \uc99d\uac00 \uc18d\ub3c4\uac00 \ube60\ub974\uae30 \ub54c\ubb38\uc5d0 \ub098\ud0c0\ub09c \uac83\uc774\ub2e4<\/span><span lang=\"EN-US\" style=\"background: rgb(255, 255, 255); letter-spacing: -0.3pt; mso-fareast-font-family: \ub098\ub214\ubc14\ub978\uace0\ub515; mso-font-width: 97%; mso-text-raise: 0pt;\">.<\/span><\/p>\n<p class=\"3\" style=\"background: rgb(255, 255, 255); mso-pagination: none; mso-padding-alt: 0pt 0pt 0pt 0pt;\"><span lang=\"EN-US\" style=\"background: rgb(255, 255, 255); letter-spacing: -0.3pt; mso-fareast-font-family: \ub098\ub214\ubc14\ub978\uace0\ub515; mso-font-width: 97%; mso-text-raise: 0pt;\">[8] (Di Tella &amp; MacCulloch, 1996) <\/span><span style=\"background: rgb(255, 255, 255); font-family: \ub098\ub214\ubc14\ub978\uace0\ub515; mso-fareast-font-family: \ub098\ub214\ubc14\ub978\uace0\ub515;\">\ub9c8\ucc2c\uac00\uc9c0\ub85c \uc720\ub7fd\uc0ac\ub78c\ub4e4\uc740<\/span><span lang=\"EN-US\" style=\"background: rgb(255, 255, 255); letter-spacing: -0.3pt; mso-fareast-font-family: \ub098\ub214\ubc14\ub978\uace0\ub515; mso-font-width: 97%; mso-text-raise: 0pt;\">, <\/span><span style=\"background: rgb(255, 255, 255); font-family: \ub098\ub214\ubc14\ub978\uace0\ub515; mso-fareast-font-family: \ub098\ub214\ubc14\ub978\uace0\ub515;\">\ub178\ub974\uc6e8\uc774 \uc0ac\ub78c\ub4e4\uc744 \uc81c\uc678\ud558\uace0<\/span><span lang=\"EN-US\" style=\"background: rgb(255, 255, 255); letter-spacing: -0.3pt; mso-fareast-font-family: \ub098\ub214\ubc14\ub978\uace0\ub515; mso-font-width: 97%; mso-text-raise: 0pt;\">, <\/span><span style=\"background: rgb(255, 255, 255); font-family: \ub098\ub214\ubc14\ub978\uace0\ub515; mso-fareast-font-family: \ub098\ub214\ubc14\ub978\uace0\ub515;\">\ubbf8\uad6d\uc778\ub4e4\uc5d0 \ube44\ud574 \uc2e4\uc5c5\uae09\uc5ec\ub97c \ub354 \ub9ce\uc774 \uc8fc\ub294 \uac83\uc73c\ub85c \ub098\ud0c0\ub0ac\ub2e4<\/span><span lang=\"EN-US\" style=\"background: rgb(255, 255, 255); letter-spacing: -0.3pt; mso-fareast-font-family: \ub098\ub214\ubc14\ub978\uace0\ub515; mso-font-width: 97%; mso-text-raise: 0pt;\">.<\/span><\/p>\n<p class=\"3\" style=\"background: rgb(255, 255, 255); mso-pagination: none; mso-padding-alt: 0pt 0pt 0pt 0pt;\">  <!--[if !supportEmptyParas]-->&nbsp;<!--[endif]-->  <o:p><\/o:p><\/p>\n<p class=\"3\" style=\"background: rgb(255, 255, 255); mso-pagination: none; mso-padding-alt: 0pt 0pt 0pt 0pt;\"><span lang=\"EN-US\" style=\"background: rgb(255, 255, 255); letter-spacing: -0.3pt; mso-fareast-font-family: \ub098\ub214\ubc14\ub978\uace0\ub515; mso-font-width: 97%; mso-text-raise: 0pt;\">[9] (Alesina, Di Tella &amp; MacCulloch, 2004; Alesina &amp; Glaeser, 2004) <\/span><span style=\"background: rgb(255, 255, 255); font-family: \ub098\ub214\ubc14\ub978\uace0\ub515; mso-fareast-font-family: \ub098\ub214\ubc14\ub978\uace0\ub515;\">\uc18c\ub4dd \ubd88\ud3c9\ub4f1\uc774 \ud589\ubcf5\uc5d0 \ubbf8\uce58\ub294 \uc601\ud5a5\uc740 \ubbf8\uad6d\uacfc \uc720\ub7fd \uc0ac\uc774\uc5d0 \uc0c1\ub2f9\ud55c \ucc28\uc774\uac00 \uc874\uc7ac\ud55c\ub2e4<\/span><span lang=\"EN-US\" style=\"background: rgb(255, 255, 255); letter-spacing: -0.3pt; mso-fareast-font-family: \ub098\ub214\ubc14\ub978\uace0\ub515; mso-font-width: 97%; mso-text-raise: 0pt;\">.<\/span><\/p>\n<p class=\"3\" style=\"background: rgb(255, 255, 255); mso-pagination: none; mso-padding-alt: 0pt 0pt 0pt 0pt;\"><span style=\"background: rgb(255, 255, 255); font-family: \ub098\ub214\ubc14\ub978\uace0\ub515; mso-fareast-font-family: \ub098\ub214\ubc14\ub978\uace0\ub515;\">\uc18c\ub4dd \ubd88\ud3c9\ub4f1 \uc815\ub3c4\ub97c \uc9c0\ub2c8\uacc4\uc218\ub85c<\/span><span lang=\"EN-US\" style=\"background: rgb(255, 255, 255); letter-spacing: -0.3pt; mso-fareast-font-family: \ub098\ub214\ubc14\ub978\uace0\ub515; mso-font-width: 97%; mso-text-raise: 0pt;\">, <\/span><span style=\"background: rgb(255, 255, 255); font-family: \ub098\ub214\ubc14\ub978\uace0\ub515; mso-fareast-font-family: \ub098\ub214\ubc14\ub978\uace0\ub515;\">\ud589\ubcf5\uc218\uc900\uc740 \uc720\ub7fd\uc9c0\ud45c\uc870\uc0ac \uc790\ub8cc\uc640 \ubbf8\uad6d \uc77c\ubc18\uc0ac\ud68c\uc870\uc0ac \uc790\ub8cc\ub97c \ud65c\uc6a9\ud574 \ubd84\uc11d\ud55c \uacb0\uacfc<\/span><span lang=\"EN-US\" style=\"background: rgb(255, 255, 255); letter-spacing: -0.3pt; mso-fareast-font-family: \ub098\ub214\ubc14\ub978\uace0\ub515; mso-font-width: 97%; mso-text-raise: 0pt;\">, <\/span><span style=\"background: rgb(255, 255, 255); font-family: \ub098\ub214\ubc14\ub978\uace0\ub515; mso-fareast-font-family: \ub098\ub214\ubc14\ub978\uace0\ub515;\">\uc720\ub7fd \uc0ac\ub78c\ub4e4\uc740 \uc18c\ub4dd\ubd84\ubc30\uc758 \ubd88\ud3c9\ub4f1\uc744 \ub9e4\uc6b0 \uc2eb\uc5b4\ud558\ub294 \uac83\uc73c\ub85c \ubc1d\ud600\uc9c4 \ubc18\uba74 \ubbf8\uad6d\uc5d0\uc11c\ub294 \uc8fc\ubcc4 \uc18c\ub4dd \ubd88\ud3c9\ub4f1\ub3c4\uc640 \ud589\ubcf5 \uc0ac\uc774\uc5d0 \uc0c1\uad00\uad00\uacc4\uac00 \uc5c6\ub294 \uac83\uc73c\ub85c \ud655\uc778\ub418\uc5c8\ub2e4<\/span><span lang=\"EN-US\" style=\"background: rgb(255, 255, 255); letter-spacing: -0.3pt; mso-fareast-font-family: \ub098\ub214\ubc14\ub978\uace0\ub515; mso-font-width: 97%; mso-text-raise: 0pt;\">.<\/span><\/p>\n<p class=\"3\" style=\"background: rgb(255, 255, 255); mso-pagination: none; mso-padding-alt: 0pt 0pt 0pt 0pt;\"><span lang=\"EN-US\" style=\"background: rgb(255, 255, 255); letter-spacing: -0.3pt; mso-fareast-font-family: \ub098\ub214\ubc14\ub978\uace0\ub515; mso-font-width: 97%; mso-text-raise: 0pt;\">[10] (Alesina, Di Tella &amp; MacCulloch, 2004) <\/span><span style=\"background: rgb(255, 255, 255); font-family: \ub098\ub214\ubc14\ub978\uace0\ub515; mso-fareast-font-family: \ub098\ub214\ubc14\ub978\uace0\ub515;\">\uc54c\ub808\uc2dc\ub098<\/span><span lang=\"EN-US\" style=\"background: rgb(255, 255, 255); letter-spacing: -0.3pt; mso-fareast-font-family: \ub098\ub214\ubc14\ub978\uace0\ub515; mso-font-width: 97%; mso-text-raise: 0pt;\">, <\/span><span style=\"background: rgb(255, 255, 255); font-family: \ub098\ub214\ubc14\ub978\uace0\ub515; mso-fareast-font-family: \ub098\ub214\ubc14\ub978\uace0\ub515;\">\ub514 \ud154\ub77c\uc640 \ub9e4\uceec\ub7ec\ub294 \uc774 \uacb0\uacfc\ub97c \ubd80\uc790\uc778\uc774 \uac00\ub09c\ud55c \uc0ac\ub78c\uc778\uc9c0<\/span><span lang=\"EN-US\" style=\"background: rgb(255, 255, 255); letter-spacing: -0.3pt; mso-fareast-font-family: \ub098\ub214\ubc14\ub978\uace0\ub515; mso-font-width: 97%; mso-text-raise: 0pt;\">, <\/span><span style=\"background: rgb(255, 255, 255); font-family: \ub098\ub214\ubc14\ub978\uace0\ub515; mso-fareast-font-family: \ub098\ub214\ubc14\ub978\uace0\ub515;\">\uadf8\ub9ac\uace0 \uc2a4\uc2a4\ub85c \uc0dd\uac01\ud558\uae30\uc5d0 \uc88c\ud30c<\/span><span lang=\"EN-US\" style=\"background: rgb(255, 255, 255); letter-spacing: -0.3pt; mso-fareast-font-family: \ub098\ub214\ubc14\ub978\uace0\ub515; mso-font-width: 97%; mso-text-raise: 0pt;\">\/<\/span><span style=\"background: rgb(255, 255, 255); font-family: \ub098\ub214\ubc14\ub978\uace0\ub515; mso-fareast-font-family: \ub098\ub214\ubc14\ub978\uace0\ub515;\">\uc6b0\ud30c\uc778\uc9c0\uc5d0 \ub530\ub77c \ub450\uac00\uc9c0 \ucc28\uc6d0\uc73c\ub85c \ub098\ub220 \ubd84\uc11d\ud588\ub2e4<\/span><span lang=\"EN-US\" style=\"background: rgb(255, 255, 255); letter-spacing: -0.3pt; mso-fareast-font-family: \ub098\ub214\ubc14\ub978\uace0\ub515; mso-font-width: 97%; mso-text-raise: 0pt;\">.<\/span><\/p>\n<p class=\"3\" style=\"background: rgb(255, 255, 255); mso-pagination: none; mso-padding-alt: 0pt 0pt 0pt 0pt;\"><span style=\"background: rgb(255, 255, 255); font-family: \ub098\ub214\ubc14\ub978\uace0\ub515; mso-fareast-font-family: \ub098\ub214\ubc14\ub978\uace0\ub515;\">\uc720\ub7fd\uc5d0\uc11c\ub294 \uac00\ub09c\ud55c \uc0ac\ub78c\ub4e4\uc774 \uc18c\ub4dd \ubd88\ud3c9\ub4f1\uc73c\ub85c \ud589\ubcf5\uc218\uc900\uc774 \uc190\uc0c1\ub418\ub294 \ub370 \ube44\ud574 \ubd80\uc790\ub4e4\uc740 \uadf8\ub807\uc9c0 \uc54a\uc558\ub2e4<\/span><span lang=\"EN-US\" style=\"background: rgb(255, 255, 255); letter-spacing: -0.3pt; mso-fareast-font-family: \ub098\ub214\ubc14\ub978\uace0\ub515; mso-font-width: 97%; mso-text-raise: 0pt;\">. <\/span><span style=\"background: rgb(255, 255, 255); font-family: \ub098\ub214\ubc14\ub978\uace0\ub515; mso-fareast-font-family: \ub098\ub214\ubc14\ub978\uace0\ub515;\">\ubbf8\uad6d\uc5d0\uc11c\ub294 \uac00\ub09c\ud55c \uc0ac\ub78c\ub4e4\uc870\ucc28 \ubd88\ud3c9\ub4f1\uc73c\ub85c \uc778\ud574 \uc601\ud5a5\uc744 \ubc1b\uc9c0 \uc54a\uc558\ub2e4<\/span><\/p>\n<p class=\"3\" style=\"background: rgb(255, 255, 255); mso-pagination: none; mso-padding-alt: 0pt 0pt 0pt 0pt;\"><span style=\"background: rgb(255, 255, 255); font-family: \ub098\ub214\ubc14\ub978\uace0\ub515; mso-fareast-font-family: \ub098\ub214\ubc14\ub978\uace0\ub515;\">\uc790\uc2e0\uc744 \uc88c\ud30c\ub77c\uace0 \uaddc\uc815\ud558\ub294 \uc0ac\ub78c\ub4e4\uc740 \ubd88\ud3c9\ub4f1\uc5d0 \ub300\ud574 \ub9e4\uc6b0 \ubd88\ud3b8\ud55c \uac10\uc815\uc744 \uac00\uc9c0\uace0 \uc788\ub294 \ubc18\uba74<\/span><span lang=\"EN-US\" style=\"background: rgb(255, 255, 255); letter-spacing: -0.3pt; mso-fareast-font-family: \ub098\ub214\ubc14\ub978\uace0\ub515; mso-font-width: 97%; mso-text-raise: 0pt;\">, <\/span><span style=\"background: rgb(255, 255, 255); font-family: \ub098\ub214\ubc14\ub978\uace0\ub515; mso-fareast-font-family: \ub098\ub214\ubc14\ub978\uace0\ub515;\">\uc6b0\ud30c\ub77c\uace0 \uaddc\uc815\ud558\ub294 \uc0ac\ub78c\ub4e4\uc740 \uc601\ud5a5\uc744 \ubc1b\uc9c0 \uc54a\uc558\ub2e4<\/span><span lang=\"EN-US\" style=\"background: rgb(255, 255, 255); letter-spacing: -0.3pt; mso-fareast-font-family: \ub098\ub214\ubc14\ub978\uace0\ub515; mso-font-width: 97%; mso-text-raise: 0pt;\">. <\/span><span style=\"background: rgb(255, 255, 255); font-family: \ub098\ub214\ubc14\ub978\uace0\ub515; mso-fareast-font-family: \ub098\ub214\ubc14\ub978\uace0\ub515;\">\uc774\ub7ec\ud55c \ud6a8\uacfc\ub294 \ubbf8\uad6d\uc5d0\uc11c \ud2b9\ud788 \ub450\ub4dc\ub7ec\uc9c0\uac8c \ub098\ud0c0\ub0ac\uace0 \ubd80\uc790\uc774\uc790 \uc88c\ud30c\uc778 \uc0ac\ub78c\ub9cc\uc774 \ubd88\ud3c9\ub4f1\uc5d0 \ubd80\uc815\uc801\uc73c\ub85c \ubc18\uc751\ud588\ub2e4<\/span><span lang=\"EN-US\" style=\"background: rgb(255, 255, 255); letter-spacing: -0.3pt; mso-fareast-font-family: \ub098\ub214\ubc14\ub978\uace0\ub515; mso-font-width: 97%; mso-text-raise: 0pt;\">.<\/span><\/p>\n<p class=\"3\" style=\"background: rgb(255, 255, 255); mso-pagination: none; mso-padding-alt: 0pt 0pt 0pt 0pt;\">  <!--[if !supportEmptyParas]-->&nbsp;<!--[endif]-->  <o:p><\/o:p><\/p>\n<p class=\"3\" style=\"background: rgb(255, 255, 255); mso-pagination: none; mso-padding-alt: 0pt 0pt 0pt 0pt;\"><span style=\"background: rgb(255, 255, 255); font-family: \ub098\ub214\ubc14\ub978\uace0\ub515; mso-fareast-font-family: \ub098\ub214\ubc14\ub978\uace0\ub515;\">\uc774 \uc5f0\uad6c\uc5d0 \ub530\ub974\uba74 \uc720\ub7fd\uc0ac\ub78c\ub9cc\uc774 \ubd88\ud3c9\ub4f1\uc73c\ub85c \uc778\ud574 \ud589\ubcf5\uc218\uc900\uc774 \uc800\ud558\ub418\ub294 \uacbd\ud5d8\uc744 \ud558\ub294 \uac83\uc73c\ub85c \ub098\ud0c0\ub098\uace0 \uc788\ub2e4<\/span><span lang=\"EN-US\" style=\"background: rgb(255, 255, 255); letter-spacing: -0.3pt; mso-fareast-font-family: \ub098\ub214\ubc14\ub978\uace0\ub515; mso-font-width: 97%; mso-text-raise: 0pt;\">. <\/span><span style=\"background: rgb(255, 255, 255); font-family: \ub098\ub214\ubc14\ub978\uace0\ub515; mso-fareast-font-family: \ub098\ub214\ubc14\ub978\uace0\ub515;\">\uc774\ub7ec\ud55c \ud6a8\uacfc\uac00 \ubbf8\uad6d\uc5d0\uc11c \ub098\ud0c0\ub098\uc9c0 \uc54a\ub294 \uac83\uc740 \uc0ac\ud68c \uacc4\uae09\uc758 \uc0c1\ud5a5 \uc774\ub3d9\uc131\uc774 \uc880 \ub354 \ud06c\uae30 \ub54c\ubb38\uc778 \uac83\uc73c\ub85c \uc124\uba85\ud560 \uc218 \uc788\ub2e4<\/span><span lang=\"EN-US\" style=\"background: rgb(255, 255, 255); letter-spacing: -0.3pt; mso-fareast-font-family: \ub098\ub214\ubc14\ub978\uace0\ub515; mso-font-width: 97%; mso-text-raise: 0pt;\">.<\/span><\/p>\n<p class=\"3\" style=\"background: rgb(255, 255, 255); mso-pagination: none; mso-padding-alt: 0pt 0pt 0pt 0pt;\"><span lang=\"EN-US\" style=\"background: rgb(255, 255, 255); letter-spacing: -0.3pt; mso-fareast-font-family: \ub098\ub214\ubc14\ub978\uace0\ub515; mso-font-width: 97%; mso-text-raise: 0pt;\">[11] (Alesina, Glaeser &amp; Sacerdote, 2001) <\/span><span style=\"background: rgb(255, 255, 255); font-family: \ub098\ub214\ubc14\ub978\uace0\ub515; mso-fareast-font-family: \ub098\ub214\ubc14\ub978\uace0\ub515;\">\uc7ac\ubbf8\uc788\ub294 \uac83\uc740 \ubbf8\uad6d \uc0ac\ub78c\ub4e4 \uc911 <\/span><span lang=\"EN-US\" style=\"background: rgb(255, 255, 255); letter-spacing: -0.3pt; mso-fareast-font-family: \ub098\ub214\ubc14\ub978\uace0\ub515; mso-font-width: 97%; mso-text-raise: 0pt;\">60%<\/span><span style=\"background: rgb(255, 255, 255); font-family: \ub098\ub214\ubc14\ub978\uace0\ub515; mso-fareast-font-family: \ub098\ub214\ubc14\ub978\uace0\ub515;\">\uac00 \uac00\ub09c\ud55c \uc0ac\ub78c\ub4e4\uc740 \ubd88\uc6b4\ud574\uc11c\uac00 \uc544\ub2c8\ub77c \ub178\ub825\uc744 \ud558\uc9c0 \uc54a\uc544\uc11c \uac00\ub09c\ud55c \uac83\uc774\ub77c\uace0 \ubbff\ub294 \ubc18\uba74<\/span><span lang=\"EN-US\" style=\"background: rgb(255, 255, 255); letter-spacing: -0.3pt; mso-fareast-font-family: \ub098\ub214\ubc14\ub978\uace0\ub515; mso-font-width: 97%; mso-text-raise: 0pt;\">, <\/span><span style=\"background: rgb(255, 255, 255); font-family: \ub098\ub214\ubc14\ub978\uace0\ub515; mso-fareast-font-family: \ub098\ub214\ubc14\ub978\uace0\ub515;\">\uc720\ub7fd \uc0ac\ub78c\ub4e4\uc740 <\/span><span lang=\"EN-US\" style=\"background: rgb(255, 255, 255); letter-spacing: -0.3pt; mso-fareast-font-family: \ub098\ub214\ubc14\ub978\uace0\ub515; mso-font-width: 97%; mso-text-raise: 0pt;\">26%<\/span><span style=\"background: rgb(255, 255, 255); font-family: \ub098\ub214\ubc14\ub978\uace0\ub515; mso-fareast-font-family: \ub098\ub214\ubc14\ub978\uace0\ub515;\">\ub9cc\uc774 \uadf8\ub807\uac8c \uc0dd\uac01\ud55c\ub2e4\ub294 \uac83\uc774\ub2e4<\/span><span lang=\"EN-US\" style=\"background: rgb(255, 255, 255); letter-spacing: -0.3pt; mso-fareast-font-family: \ub098\ub214\ubc14\ub978\uace0\ub515; mso-font-width: 97%; mso-text-raise: 0pt;\">.<\/span><\/p>\n<p class=\"3\" style=\"background: rgb(255, 255, 255); mso-pagination: none; mso-padding-alt: 0pt 0pt 0pt 0pt;\"><span style=\"background: rgb(255, 255, 255); font-family: \ub098\ub214\ubc14\ub978\uace0\ub515; mso-fareast-font-family: \ub098\ub214\ubc14\ub978\uace0\ub515;\">\ud558\uc9c0\ub9cc \uc0ac\ud68c\uc801 \uc774\ub3d9\uc131\uc758 \uc815\ub3c4\uac00 \uc720\ub7fd\ubcf4\ub2e4 \ubbf8\uad6d\uc5d0\uc11c \ud06c\ub2e4\ub294 \uc18d\uc124\uc774 \uc0ac\uc2e4\uc778\uc9c0\ub294 \ubd84\uba85\ud558\uc9c0 \uc54a\ub2e4<\/span><span lang=\"EN-US\" style=\"background: rgb(255, 255, 255); letter-spacing: -0.3pt; mso-fareast-font-family: \ub098\ub214\ubc14\ub978\uace0\ub515; mso-font-width: 97%; mso-text-raise: 0pt;\">.<\/span><\/p>\n<p class=\"3\" style=\"background: rgb(255, 255, 255); mso-pagination: none; mso-padding-alt: 0pt 0pt 0pt 0pt;\"><span lang=\"EN-US\" style=\"background: rgb(255, 255, 255); letter-spacing: -0.3pt; mso-fareast-font-family: \ub098\ub214\ubc14\ub978\uace0\ub515; mso-font-width: 97%; mso-text-raise: 0pt;\">[12] (Atkinson, Bourgignon &amp; Morrison, 1992) <\/span><span style=\"background: rgb(255, 255, 255); font-family: \ub098\ub214\ubc14\ub978\uace0\ub515; mso-fareast-font-family: \ub098\ub214\ubc14\ub978\uace0\ub515;\">\uc790\ub8cc\uc758 \ubd80\uc815\ud655\uc131 \ub54c\ubb38\uc5d0 \ub69c\ub837\ud55c \uacb0\ub860\uc744 \ub0b4\uae30 \uc5b4\ub835\uae30 \ub54c\ubb38\uc774\ub2e4<\/span><span lang=\"EN-US\" style=\"background: rgb(255, 255, 255); letter-spacing: -0.3pt; mso-fareast-font-family: \ub098\ub214\ubc14\ub978\uace0\ub515; mso-font-width: 97%; mso-text-raise: 0pt;\">.<\/span><\/p>\n<p class=\"3\" style=\"background: rgb(255, 255, 255); mso-pagination: none; mso-padding-alt: 0pt 0pt 0pt 0pt;\">  <!--[if !supportEmptyParas]-->&nbsp;<!--[endif]-->  <o:p><\/o:p><\/p>\n<p class=\"3\" style=\"background: rgb(255, 255, 255); mso-pagination: none; mso-padding-alt: 0pt 0pt 0pt 0pt;\"><span style=\"background: rgb(255, 255, 255); font-family: \ub098\ub214\ubc14\ub978\uace0\ub515; mso-fareast-font-family: \ub098\ub214\ubc14\ub978\uace0\ub515;\">\uc18c\ub4dd \ubd88\ud3c9\ub4f1\uc774 \ud589\ubcf5\uc5d0 \ubbf8\uce58\ub294 \uc601\ud5a5\uc740 \uc774 \ubcc0\uc218\uc640 \uace0\ub098\ub828 \uc788\ub294 \uc5ec\ud0c0 \ubcc0\uc218\ub4e4\uc774 \ubbf8\uce58\ub294 \ub2e4\uc591\ud55c \ud6a8\uacfc \ub54c\ubb38\uc5d0 \ubcf5\uc7a1\ud55c \ubd84\uc11d\uc744 \ud544\uc694\ub85c \ud55c\ub2e4<\/span><span lang=\"EN-US\" style=\"background: rgb(255, 255, 255); letter-spacing: -0.3pt; mso-fareast-font-family: \ub098\ub214\ubc14\ub978\uace0\ub515; mso-font-width: 97%; mso-text-raise: 0pt;\">. <\/span><span style=\"background: rgb(255, 255, 255); font-family: \ub098\ub214\ubc14\ub978\uace0\ub515; mso-fareast-font-family: \ub098\ub214\ubc14\ub978\uace0\ub515;\">\uc608\ucee8\ub300<\/span><span lang=\"EN-US\" style=\"background: rgb(255, 255, 255); letter-spacing: -0.3pt; mso-fareast-font-family: \ub098\ub214\ubc14\ub978\uace0\ub515; mso-font-width: 97%; mso-text-raise: 0pt;\">, <\/span><span style=\"background: rgb(255, 255, 255); font-family: \ub098\ub214\ubc14\ub978\uace0\ub515; mso-fareast-font-family: \ub098\ub214\ubc14\ub978\uace0\ub515;\">\uc18c\ub4dd \ubd88\ud3c9\ub4f1\uc740 \uac74\uac15\uacfc \uc18c\ub4dd\uc758 \uad00\uacc4\ub97c \ud1b5\ud574 \uac04\uc811\uc801\uc73c\ub85c \ud589\ubcf5\uc5d0 \uc601\ud5a5\uc744 \ubbf8\uce60 \uc218 \uc788\ub2e4<\/span><span lang=\"EN-US\" style=\"background: rgb(255, 255, 255); letter-spacing: -0.3pt; mso-fareast-font-family: \ub098\ub214\ubc14\ub978\uace0\ub515; mso-font-width: 97%; mso-text-raise: 0pt;\">.<\/span><\/p>\n<p class=\"3\" style=\"background: rgb(255, 255, 255); mso-pagination: none; mso-padding-alt: 0pt 0pt 0pt 0pt;\"><span lang=\"EN-US\" style=\"background: rgb(255, 255, 255); letter-spacing: -0.3pt; mso-fareast-font-family: \ub098\ub214\ubc14\ub978\uace0\ub515; mso-font-width: 97%; mso-text-raise: 0pt;\">[13] (Helliwell, 2003) <\/span><span style=\"background: rgb(255, 255, 255); font-family: \ub098\ub214\ubc14\ub978\uace0\ub515; mso-fareast-font-family: \ub098\ub214\ubc14\ub978\uace0\ub515;\">\uc18c\ub4dd\ubd88\ud3c9\ub4f1\ub3c4\uac00 \ub0ae\uc544\uc9c0\uba74 \uac74\uac15\uc774 \uc88b\uc544\uc9c0\uace0 \uc18c\ub4dd\uc218\uc900\uc774 \uc99d\uac00\ud558\ubbc0\ub85c \ud589\ubcf5\uc744 \uc99d\uc9c4\uc2dc\ud0a4\uac8c \ub41c\ub2e4<\/span><span lang=\"EN-US\" style=\"background: rgb(255, 255, 255); letter-spacing: -0.3pt; mso-fareast-font-family: \ub098\ub214\ubc14\ub978\uace0\ub515; mso-font-width: 97%; mso-text-raise: 0pt;\">.&nbsp;<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>01_\uacbd\uc81c\ud559\uc5d0\uc11c \ud589\ubcf5 \uc5f0\uad6c\uc758 \uc8fc\uc694 \ubc1c\uc804 &nbsp; Chapter 05_\uc778\ud50c\ub808\uc774\uc158\uacfc \ubd88\ud3c9\ub4f1\uc774 \ud589\ubcf5\uc5d0 \ubbf8\uce58\ub294 \uc601\ud5a5 &nbsp; 1. \uc778\ud50c\ub808\uc774\uc158 &nbsp; \uc774\ub860\uacbd\uc81c\ud559\uc5d0\uc11c\ub294 \uc77c\ubc18 \ubb3c\uac00\uc218\uc900 \uc0c1\uc2b9(\uc778\ud50c\ub808\uc774\uc158)\uc758 \uc0ac\ud68c\uc801 \ube44\uc6a9\uc744 \ub17c\uc758\ud560 \ub54c \ud754\ud788 \uc608\uc0c1\ub41c \uc778\ud50c\ub808\uc774\uc158\uacfc \uc608\uc0c1\ud558\uc9c0 \ubabb\ud55c \uc778\ud50c\ub808\uc774\uc158\uc758 \ucc28\uc774\ub97c \uc8fc\ubaa9\ud55c\ub2e4. \uac00\uaca9 \uc0c1\uc2b9\uc774 \uc608\uc0c1\ub418\ub294 \uacbd\uc6b0 \ud070 \ube44\uc6a9 \uc5c6\uc774 \uc27d\uac8c \uc801\uc751\ud560 \uc218 \uc788\ub2e4. \uac00\uaca9 \uc0c1\uc2b9\uc5d0 \ub530\ub77c \ubc1c\uc0dd\ud558\ub294 \ud6c4\uc0dd\uc190\uc2e4\uc740 \ud654\ud3d0\uc218\uc694\uace1\uc120 \uc544\ub798\uc758 \uba74\uc801\uc744 \uacc4\uc0b0\ud558\uc5ec \uad6c\ud560 \uc218 \uc788\ub2e4. [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":601,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jnews-multi-image_gallery":[],"jnews_single_post":[],"jnews_primary_category":[],"jnews_social_meta":[],"jnews_override_counter":[],"footnotes":""},"categories":[24,16],"tags":[],"_links":{"self":[{"href":"https:\/\/happyfinder.co.kr\/index.php?rest_route=\/wp\/v2\/posts\/602"}],"collection":[{"href":"https:\/\/happyfinder.co.kr\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/happyfinder.co.kr\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/happyfinder.co.kr\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/happyfinder.co.kr\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=602"}],"version-history":[{"count":1,"href":"https:\/\/happyfinder.co.kr\/index.php?rest_route=\/wp\/v2\/posts\/602\/revisions"}],"predecessor-version":[{"id":603,"href":"https:\/\/happyfinder.co.kr\/index.php?rest_route=\/wp\/v2\/posts\/602\/revisions\/603"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/happyfinder.co.kr\/index.php?rest_route=\/wp\/v2\/media\/601"}],"wp:attachment":[{"href":"https:\/\/happyfinder.co.kr\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=602"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/happyfinder.co.kr\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=602"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/happyfinder.co.kr\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=602"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}