Cash Splash or Cash Stash? Singapore's Spending Patterns Explored
Update: 2023-10-23
Description
How do Singaporeans respond to “free money” aka tax rebates, in the main? Using bank account transaction data from a leading local bank during the time of a special government budget surplus payout, Professor Sumit identifies differences in the way different income groups respond, and questions if payouts should be available to everyone in order to effectively boost economic growth.
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