Youth participation in social groups is important in developing skills and experience for successful transition to adulthood. What kinds of families do youth who are active in social groups and who take on leadership positions come from? Using data from the National Youth Survey 2005, this...

This study compared intergenerational earnings mobility in Singapore and the United States by replicating the sample criteria in the Singapore National Youth Survey on the U.S. Panel Study of Income Dynamics. The mean estimated earnings elasticities are almost identical: 0.26 in Singapore and...

Singapore had been experiencing high income inequality and a very recent drop in income disparity. As an economy competing for international top talents and investment, Singapore faced worldwide long-term forces raising income inequality; as a democratic city-state responding to heterogeneous...

Singapore had achieved impressive economic growth together with a high level of upward mobility since her independence in 1965. However, the growth process might have become more uneven, in addition to diminishing growth for a matured economy like Singapore, which is also a highly open city...

We estimate the relationship between investment and unemployment over the time period 1960-2015 in 20 OECD countries. While neoclassical growth theory typically assumes full employment – with no effect of investment on unemployment – we find that over our sample period covering more than...

It seems to be taken for granted by many commentators that the sharp decline in prices of computers, telecommunications equipment and software resulting from the technological improvements in the information and communications technology (ICT)-producing sector is good for jobs and is a major...

This paper studies two kind of wage subsidy in a model of the natural rate having a continuum of workers ranked by their productivity-a flat wage subsidy and a graduated wage subsidy, each program financed by a proportional payroll tax. We show that in the model's small open economy version,...