For most people, buying a home is their single largest financial commitment. Previous research shows that Chinese buyers pay less for homes with unlucky addresses and more for homes with lucky addresses. Using Singapore data on housing transactions combined with a plethora of individual buyer...

For most people, buying a home is their single largest financial commitment. Previous research shows that Chinese buyers pay less for homes with unlucky addresses and more for homes with lucky addresses. Using Singapore data on housing transactions combined with a plethora of individual buyer...

For most people, buying a home is their single largest financial commitment. Previous research shows that Chinese buyers pay less for homes with unlucky addresses and more for homes with lucky addresses. Using Singapore data on housing transactions combined with a plethora of individual buyer...

Real estate agents play an important intermediary role in housing markets. We use a merged transaction dataset that identifies houses purchased by registered real estate agents (salespersons) and other buyers in Singapore to empirically test the hypothesis that real estate agents use information...

Using a unique dataset that merges bankruptcy and motor events with personal data in Singapore, this study finds significant evidence of gender gap in personal bankruptcy risk. We show that the women' odds in bankruptcy events is 28% of the men's odds controlling for demographic, housing types...

This paper investigates the role of ethnic matching between buyers and sellers in housing markets. Using unique public housing datasets in Singapore, we find that sellers sell homes in blocks with a high concentration of their own (other) ethnic group at significant premiums (discounts). Chinese...

We exploit China's heating policy to investigate how non-labor income affects marriage. From the mid-1950s, the policy gave substantial subsidies to urban residents north of the Huai River. Applying geographic regression discontinuity, we find that, with the policy, urban men in the north...

We exploit China's heating policy to investigate how non-labor income affects marriage. From the mid-1950s, the policy gave substantial subsidies to urban residents north of the Huai River. Applying geographic regression discontinuity, we find that, with the policy, urban men in the north...

We exploit China's heating policy to identify the effects of the age of marriage on divorce. From the mid-1950s, the Chinese government provided cash allowances and free/subsidized coal or free/subsidized central heating to urban residents north of the Huai River but not to people who lived in...

This paper analyzes mortgage lenders' strategy in pricing loans intended for sale to prime market. Using the Single-Family Loan-Level Data set obtained from Freddie Mac, we find evidence that lenders adjust their pricing behavior according to the changing lending environment. In particular,...