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Governance Through Adaptive Urban Platforms: The INSINC Experiment

Article  -  Jeffrey Siow, Balaji Prabhakar, Chng Kai Fong

Cloud and mobile technology meet big data and behavioural economics in LTA’s public transport experiment.

Implications of Prospect Theory on Road Pricing

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.

Singapore's Political Economy: Two Paradoxes

Article  -  Bryan Caplan

Economist Bryan Caplan, noted for his insights on public choice, visited Singapore in November 2008. His observations address how “economically efficient, but politically unpopular” policies might successfully be carried through a democratic system, and sheds light on the environment in which public policy is made and implemented in Singapore.

Wage Inequality, Intergenerational Mobility and Education in Singapore

Article  -  Ho Kong Weng

Wage equality and intergenerational educational mobility may be in long-term decline in Singapore.

Ageing Repositioned: Singapore in the New Global Demography

Article  -  Sarah Harper

Singapore will soon be one of the demographically oldest countries in East Asia, as measured by the proportion of the population aged 65 and over. The median age of Singapore residents has increased over the past quarter-century, from 24.4 years in 1980 to over 35 today. This has been fuelled by a fall in Singapore’s Total Fertility Rate, which now stands at 1.24 per resident female, one of the lowest in the world.

Workfare: The Fourth Pillar of Social Security 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.

Cities, Culture and Happiness

Article  -  Bruno S. Frey

The arts as a means to enhance individual well-being can have an impact on how culture should be encouraged by policy.

Randomised Controlled Trials in Policymaking

Article  -  Sharon Tham, Do Hoang Van Khanh

Controlled trials can bring rigour to the process of determining what works — and what does not — in public policy.

Government and Markets in a Well-Functioning Economy

Article  -  Wu Wei Neng, Donald Low

The central question for governments is not whether but how to intervene in markets to ensure their proper functioning.

Rethinking Recovery: Possible Discontinuities and Domestic Implications

Article  -  Valerie Yuen, Godwin Tang

Analysts from the Strategic Policy Office consider how the global economy might evolve in the next decade.