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Full-Text Articles in Asian Studies

Navigating Unemployment Without Unemployment Insurance: Evidence From Singapore, Kim, Lanjie Wang Jul 2026

Navigating Unemployment Without Unemployment Insurance: Evidence From Singapore, Kim, Lanjie Wang

Research Collection School Of Economics

This study investigates the short-term impacts of unemployment among older workers (aged 50–62) in Singapore, a setting with-out public unemployment insurance. Using monthly panel data from the Singapore Life Panel, we analyse dynamic effects onmajor life outcomes such as income, spending, health, and subjective wellbeing over 2 years post-unemployment. Our findingsreveal substantial initial earnings losses with incomplete recovery: income remains 50.7% below pre-unemployment levels after24 months. Despite this persistent income gap, total household expenditure declines by 9.8% on average over 2 years (rangingfrom 7% to 16% across months). The implied two-year marginal propensity to consume is about 0.182, smaller than …

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The Unintended Consequences Of International Student Shortage: Evidence From South Korea, Chung-Yoon Choi, Syngjoo Choi, Seonghoon Kim, Jongkwan Lee Jul 2026

The Unintended Consequences Of International Student Shortage: Evidence From South Korea, Chung-Yoon Choi, Syngjoo Choi, Seonghoon Kim, Jongkwan Lee

Research Collection School Of Economics

We study the role of international students in the higher education sector and the local economy by exploiting a policy reform in South Korea that restricted the admission of foreign students to local universities. By comparing the pre- and post-reform differences across universities with different pre-reform shares of international student enrollment, we show that an international student shortage resulting from this policy reform significantly worsened the financial outcomes of universities and consequently led to reduced investment in their students. We also document that a reduction in the number of international students in local areas decreased native employment, mainly in low-skilled …

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Using Satellite-Observed Geospatial Inundation Data To Identify The Impacts Of Floods On Firm-Level Performance: The Case Of China During 2000–2009, Pao-Li Chang, Fan Zheng May 2026

Using Satellite-Observed Geospatial Inundation Data To Identify The Impacts Of Floods On Firm-Level Performance: The Case Of China During 2000–2009, Pao-Li Chang, Fan Zheng

Research Collection School Of Economics

This paper compiles high-resolution geospatial inundation areas of China for the period 2000–2009 based on satellite imagery repositories filtered by the Global Flood Database (GFD). In parallel, we geocode a comprehensive firm-level dataset of China and combine these two sets of geospatial data to identify the set of inundated firms in each year of flood events, as well as the distances of all non-inundated firms from the inundated areas. Given the high-resolution inundation data, we adopt a generalized dynamic-panel specification to estimate dynamic and spatial spillover effects of floods on firm-level production activities (including outputs, capital and labor inputs, and …

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Childlessness And Advance Care Planning In Midlife And Late Adulthood: A Mixed-Methods Study In Singapore, Bussarawan Teerawichitchainan, Dahye Kim, Pearlyn Hui Min Hui, Christine Ho May 2026

Childlessness And Advance Care Planning In Midlife And Late Adulthood: A Mixed-Methods Study In Singapore, Bussarawan Teerawichitchainan, Dahye Kim, Pearlyn Hui Min Hui, Christine Ho

Research Collection School Of Economics

Advance care planning (ACP) is critical for ensuring high-quality, cost-effective end-of-life care and is typically facilitated by spouses and adult children. Yet, the growing number of older adults without children has been overlooked in ACP research. This study employs a mixed-methods approach to examine ACP practices and perceptions among childless adults aged 50+ in Singapore, a rapidly aging society with one of the world's highest childlessness rates. Quantitative analyses draw on nationwide survey data (N = 1,500), complemented by interviews with childless respondents (N = 26). We examine multiple dimensions of ACP: formal ACP (e.g., living wills, Lasting Power of …

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Connectivity And Selective Rural Migration, Lin Ma, Yuan Mei, Qunfeng Wu, Mingzhi Xu Jan 2026

Connectivity And Selective Rural Migration, Lin Ma, Yuan Mei, Qunfeng Wu, Mingzhi Xu

Research Collection School Of Economics

We study how infrastructure shapes rural development using household panel data from a nationally representative sample of Chinese villages, matched to high-resolution highway maps. Reduced-form results show that road expansion between 2000 and 2015 operates mainly through reallocation, with less productive farmers scaling down or exiting and more productive farmers remaining and expanding. We quantify the aggregate and distributional consequences in a dynamic spatial equilibrium model with heterogeneous households and endogenous migration. Improved connectivity not only accelerates urbanization, roughly doubling the speed of convergence, but also increases aggregate rural output by 2.2 to 5.3 percent in the long run, even …

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The Motherhood Penalty On Health: Evidence From China, Ang Sun, Fang Xia, Xuan Zhang Oct 2025

The Motherhood Penalty On Health: Evidence From China, Ang Sun, Fang Xia, Xuan Zhang

Research Collection School Of Economics

Understanding women’s physical and mental well-being following childbirth is critical for informing policies on labor market equity, family support, and fertility. Using event study methods and panel data from China, we document a persistent motherhood penalty in both physical and mental health, whereas the health impacts on fathers are minimal. While mothers experience a temporary reduction in paid work hours, they face a sustained increase in unpaid domestic labor — housework and childcare — resulting in a net increase in total work time. This additional workload likely contributes to deterioration in health. Mothers are also more likely to engage in …

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Product Technology Adoption And Aggregate Innovation, Qiugu He, Xuan Luo, Fan Zheng Oct 2025

Product Technology Adoption And Aggregate Innovation, Qiugu He, Xuan Luo, Fan Zheng

Research Collection School Of Economics

We document that a firm's research and development (R&D) expenditure depends on its product diversity. Combining with the fact that Chinese manufacturers often enter new product markets via technology adoption, we develop a quantitative framework of innovation and technology adoption, allowing firms to expand their product scopes. Firms adopt technologies across multiple fields to expand their knowledge base, which in turn serves as an input for subsequent innovation or adoption. Counterfactual analysis from the 2000s reveals that two-thirds of knowledge privately held by all firms is generated through adoption, accounting for one-third of aggregate innovation.

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Short-Term Mortality And Healthcare Utilization Consequences Of Pension Income Receipt: Evidence From South Korea, Mimi Jeon, Seonghoon Kim, Kanghyock Koh Oct 2025

Short-Term Mortality And Healthcare Utilization Consequences Of Pension Income Receipt: Evidence From South Korea, Mimi Jeon, Seonghoon Kim, Kanghyock Koh

Research Collection School Of Economics

We examine short-term consequences of pension income receipt on mortality and healthcare utilization within the monthly payment cycle. Using the national death registry data of South Korea, we document that the mortality rate decreases by 1.2–1.4 percent in the week of the disbursement date. The mortality-reducing effects are larger for causes of death that could have been avoided through timely and effective healthcare interventions. Using healthcare claims data, we document that the number of hospital admissions increases during the disbursement week. We provide suggestive evidence of greater mortality-reducing effects from a smaller but more frequent disbursement than from a monthly …

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Is Subjective Well-Being Insured Against Income Shocks? Evidence From 20-Year Panel Data In South Korea, Jiyeon An, Taehyun Ahn, Kim May 2025

Is Subjective Well-Being Insured Against Income Shocks? Evidence From 20-Year Panel Data In South Korea, Jiyeon An, Taehyun Ahn, Kim

Research Collection School Of Economics

Using 20 years of nationally representative panel data in South Korea, we estimate how life satisfaction responds to income shocks. We document that unexpected income changes significantly impact an individual's life satisfaction, and the magnitudes depend on the persistence of income shocks. We find that permanent income shocks substantially penetrate life satisfaction, while transitory income shocks have minimal impact. We also find that life satisfaction regarding external factors such as family income and leisure activities is more sensitive to income shocks than life satisfaction related to social relationships. Our findings imply that it is critical for the government to address …

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Strategizing Towards The Future Hospital: A Systems Thinking Approach, Ashish Kumar, Sean Shao Wei Lam, Sze Ling Chan, Yingqi Xu, Yao Ge, Geoffrey Kah Tack Gui, Hiang Khoon Tan May 2025

Strategizing Towards The Future Hospital: A Systems Thinking Approach, Ashish Kumar, Sean Shao Wei Lam, Sze Ling Chan, Yingqi Xu, Yao Ge, Geoffrey Kah Tack Gui, Hiang Khoon Tan

Research Collection School Of Economics

Background: The complex systemic nature of Future Hospital design in the rapidly ageing city-state of Singapore calls for systems thinking. We apply this approach to answer two research questions: (i) What are the variables that drive the present and future dynamics of the Future Hospital system? (ii) How are these driving variables related? Methods: Causal loop diagrams (CLDs) were developed collaboratively by a cross-functional system modelling team through group modelling discussions and reviews, totalling 20 sessions. Network analysis of the resulting CLDs was used to identify dominant variables. Results: Seven interlocking CLDs (national view, cluster view, and study hospital top …

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Food Self-Sufficiency And Building-Integrated Urban Agriculture: Lessons From Singapore, Tomoki Fujii, Christoph Waibel, Xinyi Du, Zhongming Shi Mar 2025

Food Self-Sufficiency And Building-Integrated Urban Agriculture: Lessons From Singapore, Tomoki Fujii, Christoph Waibel, Xinyi Du, Zhongming Shi

Research Collection School Of Economics

Singapore aims to achieve 30 percent food self-sufficiency by 2030, known as the 30-by-30 target, and this paper reviews Singapore’s changing landscape for urban agriculture and its recent progress towards the 30-by-30 goal, highlighting key challenges such as land constraints, high production costs, and resource limitations. Building-integrated agriculture (BIA), which utilizes building surfaces such as rooftops, façades, and balconies for food production within urban environments, is examined as a potential way to increase self-sufficiency through a simulation. Despite the BIA’s potential, practical issues—including regulatory concerns and infrastructure limitations—must be addressed before it can be implemented at scale. Insights from Singapore’s …

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Consumption Responses To Income Shocks Through Lottery Winning, Seonghoon Kim, Kanghyock Koh Feb 2025

Consumption Responses To Income Shocks Through Lottery Winning, Seonghoon Kim, Kanghyock Koh

Research Collection School Of Economics

We study the effects of lottery winning on consumption spending using newly available household survey data in Singapore. We find strong consumption responses to a transitory income shock via lottery wins. Lottery winners spend about half of their prizes within 12 months of winning. We show that consumption responses are stronger among households with more binding liquidity constraints and less risk aversion, which is consistent with the standard life-cycle model. The strong consumption response suggests that fiscal stimulus policies or other public transfer programs could be an effective means of boosting consumption spending of the economy in the short run.

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Young Women In Cities: Urbanization And Gender-Biased Migration, Yumi Koh, Li Jing, Yifan Wu, Junjian Yi, Hanzhe Zhang Jan 2025

Young Women In Cities: Urbanization And Gender-Biased Migration, Yumi Koh, Li Jing, Yifan Wu, Junjian Yi, Hanzhe Zhang

Research Collection School Of Economics

Young women outnumber young men in cities in many countries during periods of economic growth and urbanization. This gender imbalance among young urbanites is more pronounced in larger cities. We use the gradual rollout of Special Economic Zones across China as a quasi-experiment to establish the causal impact of urbanization on gender-differentiated incentives to migrate. We highlight the role of the marriage market in increasing rural women’s chance of marrying and marrying up in urban areas during rapid urbanization.

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Gauging Growth Risk In An International Financial Centre: Some Evidence From Singapore, Hwee Kwan Chow Jan 2025

Gauging Growth Risk In An International Financial Centre: Some Evidence From Singapore, Hwee Kwan Chow

Research Collection School Of Economics

This paper applies the growth-at-risk framework proposed by Adrian et al. (2019) to Singapore, an international financial centre whereby financial shocks are intermediated away quickly. We gauge near-term risks around growth projections taken from the survey of professional forecasters by accounting for financial stress in both local and global financial markets, as well as worldwide economic uncertainty. The conditioning variables are first linked to future growth through quantile regressions, and the estimated quantiles are fitted with skew t-distributions to produce full predictive distributions. Scenario analysis reveals that greater local financial strain tends to widen the uncertainty of growth outlook, higher …

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Is Subjective Well-Being Insured Against Income Shocks? Evidence From 20-Year Panel Data In South Korea, Jiyeon Ahn, Taehyun Ahn, Kim Dec 2024

Is Subjective Well-Being Insured Against Income Shocks? Evidence From 20-Year Panel Data In South Korea, Jiyeon Ahn, Taehyun Ahn, Kim

Research Collection School Of Economics

Using 20 years of nationally representative panel data in South Korea, we estimate how life satisfaction responds to income shocks. We document that unexpected income changes significantly impact an individual's life satisfaction, and the magnitudes depend on the persistence of income shocks. We find that permanent income shocks substantially penetrate life satisfaction, while transitory income shocks have minimal impact. We also find that life satisfaction regarding external factors such as family income and leisure activities is more sensitive to income shocks than life satisfaction related to social relationships. Our findings imply that it is critical for the government to address …

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Diverse Pathways To Permanent Childlessness In Singapore: A Latent Class Analysis, Yanwen Wang, Bussarawan Teerawichitchainan, Christine Ho Sep 2024

Diverse Pathways To Permanent Childlessness In Singapore: A Latent Class Analysis, Yanwen Wang, Bussarawan Teerawichitchainan, Christine Ho

Research Collection School Of Economics

The proportions of adults reaching midlife without having children have been rising rapidly across the globe, particularly in Asia. However, little is known about the pathways to permanent childlessness within the region’s childless population. This study utilized latent class analysis (LCA) to typologize pathways to childlessness based on dynamic characteristics of multiple life domains (i.e., partnership, education, and occupation) among 489 childless Singaporeans aged 50 and above from a 2022 nationwide survey. Additionally, we utilized multinomial logistic regressions to examine the sociodemographic correlates of pathway profiles and Shannon’s entropy index to assess the heterogeneity in pathways to childlessness among successive …

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Digital Payments And Consumption: Evidence From The 2016 Demonetization In India, Sumit Agarwal, Pulak Ghosh, Jing Li, Tianyue Ruan Aug 2024

Digital Payments And Consumption: Evidence From The 2016 Demonetization In India, Sumit Agarwal, Pulak Ghosh, Jing Li, Tianyue Ruan

Research Collection School Of Economics

We study how consumer spending responds to digital payments, using the differential switch to digital payments across consumers induced by the sudden 2016 Indian Demonetization for identification. Usage of digital payments rose by 3.38 percentage points and monthly spending increased by 3% for an additional 10 percentage points in prior cash dependence. Spending remained elevated even when cash availability recovered. Robustness analyses show that the spending response is not driven by income shocks, credit supply, price changes, or consumers' moving to the formal market. We provide evidence that digital payments increase consumer spending due to subdued salience.

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Value Capture And Affordable Housing: Insights From Singapore, Sock Yong Phang Aug 2024

Value Capture And Affordable Housing: Insights From Singapore, Sock Yong Phang

Research Collection School Of Economics

To explain the role of value capture in Singapore’s progress, I will first provide some background information on Singapore and its housing sector. I will then take you on a journey back to the 1960s to show how we established our present institutional arrangements for land and housing. I will next describe how housing policies have evolved over the past six decades in response to changing contexts. Finally, I will conclude with the fiscal implications of successful value capture. Where relevant, I will indicate how Singapore’s policies align with George’s views.

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Childlessness, Social Network Profiles In Midlife And Late Adulthood, And Their Implications For Subjective Well-Being, Bussarawan Teerawichitchainan, Dahye Kim, Christine Ho Jun 2024

Childlessness, Social Network Profiles In Midlife And Late Adulthood, And Their Implications For Subjective Well-Being, Bussarawan Teerawichitchainan, Dahye Kim, Christine Ho

Research Collection School Of Economics

Objectives: Despite the rising prevalence of individuals reaching advanced age without children, little is known about the diversity of support networks within childless populations. We examine the network profiles of childless adults aged 50+ in Singapore, which observes high childlessness rates despite societal emphasis on familism. Methods: We employ latent class analysis to derive network typology based on a 2022 nationwide survey in Singapore. Additionally, we use logistic regression analyses to investigate the sociodemographic correlates of childless individuals' network types and the associations between these network types and subjective well-being. Results: Childless Singaporeans form a heterogeneous group characterized by different …

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Enhancing Student Engagement In Introductory Economics With Interactive Videos And Synthesized Readings In Flipped Learning, Bei Hong, Duan Ning, Magdeleine Lew Jun 2024

Enhancing Student Engagement In Introductory Economics With Interactive Videos And Synthesized Readings In Flipped Learning, Bei Hong, Duan Ning, Magdeleine Lew

Research Collection School Of Economics

A major challenge faced by university economics instructors is to find more time to incorporate active learning into the classroom, which encourages student participation. As a result, more instructors choose to flip their classrooms, in which students are encouraged to perform preparatory reading or watch videos to participate more meaningfully and learn more effectively. This study aims to examine how pre-lecture materials enhance student participation by examining the effectiveness of two types of materials: interactive videos and synthesized readings. The synthesized readings contain essential information extracted from the textbook and is presented in a structured manner with highlighted key points. …

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Weight Misperceptions And Health Management Via Information Nudges, Lanjie Wang, Xuan Zhang, Seonghoon Kim, Kanghyock Koh Jun 2024

Weight Misperceptions And Health Management Via Information Nudges, Lanjie Wang, Xuan Zhang, Seonghoon Kim, Kanghyock Koh

Research Collection School Of Economics

Being overweight or obese is a serious public health problem. Misperception of one's own weight status and inertia are major obstacles to weight control. To overcome these two problems, we conduct a randomized controlled trial in which participants are presented with the correct weight category based on their body mass index to remove any weight misperception, and then given six biweekly reminders about healthy diet and physical activity via SMS/email. We find that our intervention reduces individuals’ weight misperception and encourages healthier dietary choices. However, it has little impact on their physical activity. We further show that people who were …

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Allocating Vehicle Registration Permits, Massimiliano Landi, Domenico Menicucci May 2024

Allocating Vehicle Registration Permits, Massimiliano Landi, Domenico Menicucci

Research Collection School Of Economics

We compare social welfare, consumer surplus and profits in two different institutional settings in which an item whose quantity is fixed and controlled (vehicle registration permit) is allocated to the buyers of a complementary good (car). In the first setting, which resembles the way in which vehicle registration permits are allocated in Singapore, the central planner runs a uniform price auction for permits in which the consumers who bid the highest receive the permits and pay the highest losing bid. Then each winning consumer purchases a car from a seller. In the alternative setting, the central planner first allocates the …

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The Balance Of Concessions In Trade Agreements, Mostafa Beshkar, Pao-Li Chang, Shenxi Song May 2024

The Balance Of Concessions In Trade Agreements, Mostafa Beshkar, Pao-Li Chang, Shenxi Song

Research Collection School Of Economics

This paper introduces a quantitative framework to analyze the WTO’s reciprocity principle. Utilizing two polar bargaining environments, we measure terms-of-trade concessions among WTO members and examine how shifts in applied tariffs and economic fundamentals affect bilateral and multilateral balance of concessions. We find significant disparities in concessions, largely driven by the rise in trade imbalances since the early 1990s. Notably, although US-China bilateral tariffs suggest considerable terms-of-trade benefits for China, under a hypothetical balanced trade scenario, their relationship evolves towards near reciprocity following China’s accession to the WTO. Furthermore, in contrast to the significant gains in its relationship with the …

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Who Watched Pre/Post-Lecture Tutorial Videos? Does Flipped Learning Help Beginners In Economics?, Bei Hong Mar 2024

Who Watched Pre/Post-Lecture Tutorial Videos? Does Flipped Learning Help Beginners In Economics?, Bei Hong

Research Collection School Of Economics

The modern-day classroom is characterized by academic diversity, with students from varied backgrounds and with different levels of prior knowledge. To cater to the diverse abilities of students, this paper explored the use of flipped learning as a teaching approach in an introductory economics course. We investigated the effectiveness of 40 pre-lecture videos covering basic concepts and 27 post-lecture tutorial videos focusing on practice in improving students' exam outcomes, especially for beginners in economics who may require more support from instructors than other students. We collected data about video engagement and students' grades in progress assessments. Surveys were conducted to …

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The Distributional Impacts Of Transportation Networks In China, Lin Ma, Yang Tang Mar 2024

The Distributional Impacts Of Transportation Networks In China, Lin Ma, Yang Tang

Research Collection School Of Economics

We document that the quality of roads and railroads vary substantially over time and space in China, and neglecting these variations biases the distributional impacts of transportation networks. To account for quality differences, we construct a new panel dataset and approximate quality using the design speed of roads and railroads that varies by vintage, class, and terrain at the pixel level. We then build a dynamic spatial general equilibrium model for multiple modes, transportation routes, and forward-looking migration decisions. Our findings demonstrate that disregarding quality differences leads to a median bias of approximately 31% in estimating real wage growth rates …

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Migration And Resource Misallocation In China, Xiaolu Li, Lin Ma, Yang Tang Mar 2024

Migration And Resource Misallocation In China, Xiaolu Li, Lin Ma, Yang Tang

Research Collection School Of Economics

We structurally estimate the firm-level frictions across prefectures in China and quantify their aggregate and distributional implications. Based on a general equilibrium model with input and output distortions and migration, we show that the firm-level frictions are less dispersed and less correlated with firm productivity in richer prefectures. Counterfactual exercises show that reducing the within-prefecture misallocation increases aggregate welfare, discourages migration toward large prefectures, and reduces spatial inequality. Moreover, internal migration alleviates micro-frictions’ impacts on aggregate welfare and worsens their effects on spatial inequality.

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Life Satisfaction Changes And Adaptation In The Covid-19 Pandemic: Evidence From Singapore, Terence C. Cheng, Seonghoon Kim, Kanghyock Koh Mar 2024

Life Satisfaction Changes And Adaptation In The Covid-19 Pandemic: Evidence From Singapore, Terence C. Cheng, Seonghoon Kim, Kanghyock Koh

Research Collection School Of Economics

We provide novel evidence on how COVID-19 affected overall life satisfaction using a monthly longitudinal survey of middle-aged and older Singaporeans. We study how the subjective well-being of individuals evolves over the course of 18 months including the outbreak of the pandemic, the implementation of the lockdown and the spike of cases due to the delta variant in a country where COVID-19 is controlled in a sustained manner. Using an event-study design framework, we find large declines in overall life satisfaction in the lead-up to and following the lockdown. Fifteen months after the outbreak of the pandemic, and 13 months …

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Enhancing Sell-Type Home Reversion Products For Retirement Financing, Koon Shing Kwong, Jing Rong Goh, Ting Lin Collin Chua Feb 2024

Enhancing Sell-Type Home Reversion Products For Retirement Financing, Koon Shing Kwong, Jing Rong Goh, Ting Lin Collin Chua

Research Collection School Of Economics

Loan-type reverse mortgage plans and sell-type home reversion plans for retirement financing are two well-known equity release plans that entitle homeowners not only to release cash from their properties but also to allow them to age in place. Recently, a new hybrid equity release plan was proposed to incorporate the home reversion plan’s features with an option of staying in the property for a fixed period without being subject to survival. This additional option provides flexibility to homeowners to better meet their retirement financial and personal needs by reducing the financial uncertainty of home reversion products. In this article, we …

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Childlessness And Sibling Positioning In Upward Intergenerational Support: Insights From Singapore, Dahye Kim, Christine Ho, Bussarawan Teerawichitchainan Jan 2024

Childlessness And Sibling Positioning In Upward Intergenerational Support: Insights From Singapore, Dahye Kim, Christine Ho, Bussarawan Teerawichitchainan

Research Collection School Of Economics

Objective: This brief report aims to explore the role of child-lessness and its interaction with sibling positioning (i.e., birth order and gender) in upward intergenerational support within the context of Asian familial and patrilineal values. Background: Despite the increasing rates of childlessness in Asia, little is known about how childless individuals deviate from or adhere to the patrilineal gendered practices of supporting their older parents. Singapore, a rapidly aging nation that emphasises Confucian familism values and patrilineal practices in guiding its welfare policies, provides an ideal setting for this research investigation. Method: We analysed a sample of 475 Singaporeans aged …

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Financial Crisis And Female Entrepreneurship: Evidence From South Korea, Jungho Lee, Sunha Myong Nov 2023

Financial Crisis And Female Entrepreneurship: Evidence From South Korea, Jungho Lee, Sunha Myong

Research Collection School Of Economics

We document a drastic increase in female-owned manufacturing firms in South Korea after the 1997 financial crisis. During the crisis, a major banking sector reform was conducted, and many underperforming bank branches were forced to close down. Using a geographical variation of bank branch closures during the reform, we show that the banking sector reform resulted in a rise in female entrepreneurship. We present evidence that male-owned firms were preferred by the closeddown bank branches, despite female-owned firms exhibiting lower risks and higher returns. The banking sector reform, although not explicitly aimed at addressing gender disparities, substantially benefited female entrepreneurs …

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