We estimate the rate of intergenerational mobility in housing consumption in the context of large-scale social engineering programs in Singapore. Using a comprehensive set of data on residential demographics merged with the real housing transaction records covering 149,745 parents-child pairs...

We study the participation of women in golf, a predominately male social activity, and its influence on their likelihood of serving on a board of directors. Exploiting a novel dataset of all golf games in Singapore, we find that woman golfers enjoy a 54% higher likelihood of serving on a board...

Using multiple sources of individual-level administrative data from the multicultural city-state of Singapore, we study the life outcomes of large birth cohorts created by the Chinese superstitious practice of zodiac birth timing, where parents prefer to give birth in the year of the Dragon....

Singapore's government imposes a new transaction tax in the form of additional buyer's stamp duty (ABSD) on developers who fail to sell all units in 5 years in new developments commenced after 2011. We find that the ABSD shocks trigger rational responses of private developers who cut prices by...

Singapore's government imposed two rounds of demand restrictions in 2011 and 2013, respectively, which disallow private housing owners from concurrently owning a private housing unit and a public housing flat. These restrictions curb speculative and investment activities, but do not deter public...

This study uses the opening of the new Mass Rapid Transit (MRT) line, known as the Circle Line (CL), in stages between 2010 and 2012 in Singapore as the exogenous event to empirically test the impact of the new CL on housing wealth of households. Applying a “differences-in-differences”...

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...