SG Bonus a boost for economy

Visiting Prof Sumit Agarwal and Assoc Prof Qian Wenlan from the Department of Finance at NUS Business School discussed the findings of their research study on almost 200,000 individuals whose credit and debit card expenses were documented for analyses – six months prior to the February announcement of the government’s Growth Dividend programme and six months after the disbursement in 2011. Their findings showed that giving cash disbursements to people seems to work in getting them to spend, even when this is a surprise and one-off payment.

• The Sunday Times, 25 February 2018, Opinion, pB16