Future-Proofing Singapore: An Economic Approach

The project aims to use an economic approach to evaluate impacts of up-to-date policies on welfare, mobility, and consumption. It looks into the effectiveness of the Silver Support Scheme, the impact of housing policy on intergenerational mobility, the effect of fiscal policy on private consumption, as well as the impact of COVID-19 on small & medium-sized enterprises and general population. The project proposes a new longitudinal survey to collect data on residents’ consumption and money management behaviours.

The findings will offer pertinent evidence to build informed policy design and implementation, not only in Singapore but also globally because they advance our understanding of the effectiveness of policy interventions and behavioural responses in an era with complexity and uncertainty.