With increasing water security challenges, water utilities around the world face complex decisions on water supply and demand management. This study investigates the effects of price and subsidy increases on water conservation in Singapore. Using anonymized monthly billing data on water...

Our study leverages detailed résumé data of bank regulators to examine the impact of their early-career experiences with the S&L crisis during the 1980s and 1990s on banking supervision in their later careers. We find regulators with banking crisis experiences in their early careers are...

We utilize the rise of Black Lives Matter (BLM) and the sentiment of racial sympathy to provide quantitative analyses on the interplay between the social movement and citizens’ sympathetic actions in supporting Black lives. Using detailed food order flow information from one of the largest...

In the U.S. real estate market, around 30 percent of listed properties remain unsold. We examine whether unsold property listings exert externalities in the housing market. Our study builds on a comprehensive dataset that encompasses residential property listings in Orange County (California)...

This paper exploits the information disclosure and dissemination of environmental punishments on housing prices. As environmental quality is hardly ameliorated in the short run, the environmental punishments normally convey bad news of environmental quality rather than good news to housing...

We present new evidence that providing information intervention is a cost-efficient way to optimize an individual's decision-making process. Using the Taxi Management System implemented by Singapore Changi Airport on December 25, 2009 as a source of exogenous variation for identification, we...

Personal bankruptcy is a widely used debt relief policy. We merge a large dataset on the demographic information and 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...

We use data from a leading fintech firm in Korea, including transaction-level data on international remittance payments to developing Asia and referral data among users, to study the role of social networks in helping low-income workers optimize their use of a new technology. Our study shows how...