Impact of a Central Provident Fund cut back on housing affordability and cost competitiveness.
The chief purpose of this report is to conduct a descriptive study to estimate the impact of a Central Provident Fund (CPF) rate cut on the Singapore economy. Cost-cutting measures adopted by the Government were studied and their impact on three aspects of the Singapore economy projected. The analys...
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| Main Authors: | , |
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| Other Authors: | |
| Format: | Final Year Project |
| Published: |
2008
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| Subjects: | |
| Online Access: | http://hdl.handle.net/10356/10570 |
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| Institution: | Nanyang Technological University |
| Summary: | The chief purpose of this report is to conduct a descriptive study to estimate the impact of a Central Provident Fund (CPF) rate cut on the Singapore economy. Cost-cutting measures adopted by the Government were studied and their impact on three aspects of the Singapore economy projected. The analysis shows that a cut in CPF savings would lead to lower consumption levels and higher voluntary savings. Such a move would also reduce housing affordability. |
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