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Rodriguez, and Jeff Smith for helpful comments and suggestions. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research. NBER working papers are circulated for discussion and comment purposes. They have not been peerreviewed or been subject to the review by the NBER Board of Directors that accompanies official NBER publications.

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The main purpose of this study is to assess whether the physical health of Korean adolescents in out-of-home care is affected directly by traumatic childhood experiences and/or indirectly through depression and anxiety. Study participants are 460 adolescents who are included in the first and second wave of the Panel Study on Korean Children in Out-of-Home Care. The data are analyzed using structural equation modeling. Our structural model finds no direct effects of traumatic experiences on physical health. Among the two types of trauma experiences, namely, family instability and violence experiences, only violence experiences affect physical health indirectly through depression and anxiety. Based on the results, practice implications for Korean adolescents in care are discussed.