Article - Anthony T. H. Chin
While the economic costs of traffic congestion are well documented, the effectiveness of economic instruments, such as road pricing, in containing traffic congestion is less clear. Prospect Theory, a leading behavioural model in experimental economics, may explain inelastic driver behaviour in response to road pricing during peak hours. It may also shed light on the phenomenon of consumers who continue driving despite its higher economic cost relative to other modes of transport.
Opinion - Hoon Hian Teck
In a market economy, pay and volume of joblessness are jointly determined.
Opinion - Chua Hak Bin
The Singapore economy is rising with the tide of globalisation, but not everyone appears to be prospering equally.
Article - Ho Kong Weng
Wage equality and intergenerational educational mobility may be in long-term decline in Singapore.
Article - Jacqueline Poh
Singapore’s latest labour policy is more than a wage supplement scheme—it is a bold new addition to the social safety net in today’s volatile economic environment.
Article - Tan Li San
Can Singapore become one of the world's most liveable cities in the 21st century?
Article - Benjamin Ng, Ching Tuan Yee
Singapore's new waterfront business district will feature state-of-the-art infrastructure and urban design features.
Article - Theresa W. Devasahayam
Theresa W. Devasahayam examines Singapore’s workfare strategy in light of the US model on which it is based, and finds key points of departure that could inform policy development in future.
Article - Kenneth Chan
"…the issue is not how much inequality there is, but how much opportunity there is for the individual to get out of the bottom classes and into the top."– Milton Friedman
Interview - Theresa W. Devasahayam
New York University’s Professor Lawrence M. Mead discusses workfare and income inequality in light of the US experience after a decade of welfare reform.