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 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...

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...

This paper uses a unique panel dataset of consumer financial transactions to study how consumers respond to an exogenous unanticipated income shock. Consumption rose significantly after the fiscal policy announcement: during the ten subsequent months, for each dollar received, consumers on...

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...

This paper studies the extent to which equilibrium land auction prices are pushed up sequentially due to strategic bidding behaviors in government land auction sales. Using a unique data set that covers the universe of tendering prices submitted by all developers for all residential land auction...

This paper studies the extent to which equilibrium auction prices are affected by the order of sale and the extent of product differentiation in the context of government land auction sales. We propose a simple two-stage differentiated duopoly model where an incumbent winner of land from a...