We examine the impact of bilingual school designation on the house price by analyzing a natural experiment of school conversion from a monolingual school to bilingual school in Melbourne. We find that the house price within the pertinent school catchment area responds positively by 8.4%-9.1% and...

Since 1998, Singapore has had an Electronic Road Pricing (ERP) system set up with a network of toll gantries to tax vehicles entering designated areas in the city center during peak hours. Using the congestion rate hike with effect from November 1, 2010 as an exogenous shock, we test the effects...

This paper analyzes the effect of congestion toll rate change on the change of commuters' transport modal choice in Singapore's context. Amongst several alternatives that commuters can choose when they face increase of congestion tax, this study specifically tests the impact on the modal change...

Exploiting a novel panel dataset of consumer financial transactions in Singapore, we examine the consumption response to an anticipated, transitory price shock generated by the nation-wide annual sale event. Consistent with theory, we find inter-temporal substitution where consumers spend less...

We examine the impact of an anticipated income shock on Singaporean taxi labor supply. This income shock is due to a government provision allowing employees to withdraw part of their pension savings at the age of 55. The results show that salary income, number of trips, total hours worked, and...