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As a contribution to worldwide efforts towards a tobacco-free society, this paper considers the possibility of a long-term phasing-in of a total ban, by proposing that individuals born in or after the year 2000 have their supply of tobacco restricted. In conjunction, a survey that we have conducted in Singapore indicates strong public support (even among(More)
  • Charles Ka Yui Leungy, Chao Chi Chur, Rodney Chun, Sailesh Jha, Priscilla Ng
  • 2000
Two striking stylized facts are observed in China's reform. Productivity growth contributes signi…cantly to output growth, and income inequality increases dramatically over time. This paper builds a simple dynamic general equilibrium model to mimic these facts. Perfect insurance is shown to be sub-optimal. The economic growth rate and the aggregate(More)
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