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Quality of Life in Singapore

Article  -  Tan Li San

Can Singapore become one of the world's most liveable cities in the 21st century?

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.

Marina Bay: The Shape of Things to Come

Article  -  Benjamin Ng, Ching Tuan Yee

Singapore's new waterfront business district will feature state-of-the-art infrastructure and urban design features.

Aid for Work: The Singapore and US Models in Context

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.

Growth with Equity: The Challenge of Income Distribution

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