The de facto politically independent Taiwan is coming under increasing pressure from the People's Republic of China (PRC) and its claim to reunification. In addition to militarily threatening gestures, Beijing is employing economic and political means as well as cyberattacks and disinformation...

This study uses data from the Singapore Life Panel to investigate the effects of age-related policy reforms on older adult labor supply behaviors in Singapore. We first evaluate the impact of the Retirement and Re-employment Act (RRA) reform in 2017, which raised the maximum re-employment age...

Fintech is celebrated for its disruptive and democratizing qualities that dis/reintermediates the finance value chain. Claims of a 'fintech revolution' assume that fintech is 'disruptive' because of its innovative capabilities, but the extent to which these disruptive forces have reconfigured...

This working paper was written by Yin-Wong Cheung (University of California, Santa Cruz and Jude Yuen (University of California, Santa Cruz).Standard economic models predict that the choice of an exchange rate regime has important implications for the interdependency of national monetary...

Asia is home to the most rapidly aging populations in the world. This study focuses on two countries in Asia that are advanced in terms of their demographic transition: the Republic of Korea and Singapore. We developed a demographic and economic state-transition microsimulation model based on...

The study assesses the social dialogue, freedom of association and collective bargaining institutions and practices in the public service among five member-countries of the Association of Southeast Asian Nations (ASEAN), namely Indonesia, Malaysia, the Philippines, Singapore, and Thailand....

The literature on the East Asian crisis has concentrated almost exclusively on the five crisis-hit economies of Indonesia, Korea, Malaysia, Thailand and the Philippines (Asia-5). Relatively scant attention has been paid to the twin cities of Hong Kong and Singapore, both of which also suffered...

This paper provides a theoretical model of an open economy credit channel including currency mismatch and financial fragility where exporting firms have access to international credit but non-exporting firms do not. It considers the post-crisis outcome which is predicted to be dramatically...

Both institutional arbitration and community mediation center have been crystallized in numerous countries such as Singapore, South Korea, Malaysia, and the Philippines. This essay takes a brief overview of the situation and legal framework of institutional arbitration and community mediation of...

Singapore has one of the strictest debt relief systems worldwide. We merge a large dataset on the residences of adult Singaporean citizens with a bankruptcy dataset to investigate the effect of parental bankruptcy on children’s financial behavior in adulthood. Children whose parents declared...

Demand response program is being implemented in the National Electricity Market of Singapore, which boosts the flexibility of demand side to actively participate in the real-time electricity market. Meanwhile, it is also significant to implement such a program in the day-ahead market, since load...

Despite its traditionally “tight” social and legal culture, Singapore recently loosened its personal bankruptcy rules significantly. This reform paralleled quite similar moves in the West in recent decades, but it represents a watershed in Asian regulation of the challenges of rising...

The terms of the new Japanese Specified Skilled Worker visas have not yet received attention in the academic literature. This essay discusses some practical aspects of these visas vis-à-vis migrant workers in Singapore. Japan is relatively inexperienced in receiving migrant workers compared to...

Nigeria and Singapore are two countries that bear some historical similarities as well as differences. Singapore has emerged as a poster child for sustainable urban development while Nigeria lags very far behind in this area. This paper analyses if, and what lessons can be drawn from Singapore...

Green building (GB) offers technical solutions to reduce the energy use in the building sector. How to implement effective supply-side GB policies, such as the mandatory policies, to spur real estate developers to go green is meaningful for energy saving and sustainability in cities. However,...

Agarwal et al. (2019) analyze the impact of the introduction of QR codes for mobile payments in Singapore. They find that this not only resulted in a significant increase in the use of mobile wallets, but that there was also a positive spillover effect on debit and credit card payments. This...

Green building (GB) offers technical solutions to reduce the energy use in the building sector. How to implement effective supply-side GB policies, such as the mandatory policies, to spur real estate developers to go green is meaningful for energy saving and sustainability in cities. However,...

Singapore uses public media campaigns to motivate public housing residents to conserve energy as part of its strategies to achieve sustainable energy goals. Using the energy conservation campaign conducted in selected housing estates in Singapore in January 2016, we ran a natural experiment to...

This paper examines the gender wage gap in Singapore's taxi industry using hourly income data for male and female taxi drivers in 7 million taxi rides from January 2009 to November 2010. Using a fixed-effects model, we find a 4.5% gender wage gap between female and male taxi drivers. We find...

This paper examines the gender wage gap in Singapore's taxi industry using hourly income data for male and female taxi drivers in 7 million taxi rides from January 2009 to November 2010. Using a fixed-effects model, we find a 4.5% gender wage gap between female and male taxi drivers. We find...

On October 16, 2008, following the collapse of Lehman Brothers on September 15 and the introduction of Hong Kong’s unlimited deposit guarantee on October 14, Singapore announced its Government Guarantee on Deposits (GGD). The GGD was meant “to avoid an erosion of banks’ deposit base and...

This study uses data from the Singapore Life Panel to investigate the effects of age-related policy reforms on older adult labor supply behaviors in Singapore. We first evaluate the impact of the Retirement and Re-employment Act (RRA) reform in 2017, which raised the maximum re-employment age...

The post-war era, particularly from the mid-1980s, can be seen as a turning point for various Asian countries. Japanese success in industrialisation based on technology transfer from the industrialised West and evolution of unique endogenous scientific and technological capacities led scholars...

The de facto politically independent Taiwan is coming under increasing pressure from the People’s Republic of China (PRC) and its claim to reunification. In addition to militarily threatening gestures, Beijing is employing economic and political means as well as cyberattacks and disinformation...

Since Barnett derived the user cost price of money, the economic theory of monetary services aggregation has been developed and extended into a field of its own with solid foundations in microeconomic theory. Divisia monetary aggregates have repeatedly been shown to be strictly preferable to...

A key feature of the demographic transition in prosperous East Asian and other developing Southeast Asian states is fertility decline. Various pro-natalist policy measures, including baby bonuses and universal child care, have been undertaken by governments in the region, often with...

Singapore’s common law-origin corporate law regime ranks highly on corporate law and governance indices and is administered in part by superior courts served by judges with significant commercial expertise. As part of the Singapore Academy of Law’s Annual Review of Cases, this Paper reviews...

Singapore%u2019s experience with international capital flows over the past two decades or so has been a rather %u2013 although not completely %u2013 benign one, owing to strong fundamentals and generally well-conceived macro-economic policies. We begin by briefly discussing the experience in...

Based on the belief that many people have under-saved and that the reason for under-saving is procrastination, paternalistic nudging to foster saving is often advocated by policy researchers. However, there is little empirical evidence that on hindsight individuals would wish to have saved more...

On 24 January 2019, a revised Singapore Code on Take-overs and Mergers (the Take-overs Code) was promulgated by the Monetary Authority of Singapore (MAS) on the advice of the Securities Industry Council (the SIC).The revisions are to ensure that takeover practices targeting at companies with the...

Following a dramatic shift in the geopolitical environment after the Cold War, the world ushered in a new age of democratic expansion. This third wave of democratization, described by Samuel P. Huntington as a global trend that saw countries undergo some form of democratic transition, heralded...

This longitudinal study followed 409 Singaporean heterosexual married female respondents who completed a baseline survey in April-July 2018 and biweekly online surveys on exact dates of sexual activity over the next 14 weeks, an online survey in May 2020 during the COVID-19 lockdown, and an...

A global and growing shortage of medical doctors and nurses, exacerbated by increasing life expectancy, is generating greater cost pressures on health care around the world. Many industry analysts and health care professionals have argued that early detection and preventive care, as well as...

Since Barnett derived the user cost price of money, the economic theory of monetary services aggregation has been developed and extended into a field of its own with solid foundations in microeconomic theory. Divisia monetary aggregates have repeatedly been shown to be strictly preferable to...

The disclosure of integrated reporting elements can reduce information asymmetry for investors when valuing a company. This study aimed to empirically evaluate the effect of manager compensation, directly or indirectly, on firm value, through the mediating role of the disclosure of integrated...