Population Ageing, Old Age Labour and Financial Decisions in Singapore
Project's Details
PI: Associate Professor Liu Haoming, Department of Economics, NUS
Co-PI: Dr. Song Chang Cheng, Lee Kong Chian School of Business, SMU
Collaborator: Dr. Zhu Shenghao, University of International Business and Economics (Beijing)
Amount: S$379,624
Project duration: 03 July 2017 to 02 Jan 2021
Abstract
The introduction of the Central Provident Fund Lifelong Income for the Elderly (CPF LIFE) plan by the Singapore government in 2013 provides a unique setting for studying household saving decisions' different motives. The study contributes to the economics literature and provides useful information for policy-maker to further refine existing policies to ensure the elderly population of the future can enjoy the later stages of their lives. This project aims to address three broadly defined issues:
(1) the existence of and reasons behind bequest motives and the determinants of bequest;
(2) the availability of annuities on people’s saving decisions;
(3) the availability of annuities on the labor force participation rate of the elderly.
Project's Team
Principal Investigator
Associate Professor Liu Haoming
Department of Economics
Faculty of Arts and Social Sciences
National University of Singapore
Co-Principal Investigator
Dr. Song Changcheng
Assistant Professor of Finance
Lee Kong Chian School of Business
Singapore Management University
Collaborator
Professor Zhu Shenghao
School of International Trade and Economics
University of International Business and Economics
Contact Us
Principal Investigator: Associate Professor Liu Haoming
Email: ecsliuhm@nus.edu.sg
Address:
Centre for Family and Population Research
Faculty of Arts and Social Sciences
National University of Singapore
The Shaw Foundation Building
Block AS7, Level 3, 5 Arts Link
Singapore 117570