| Summary: | The ageing population in Singapore has spurred the government to initiate plans to build more eldercare facilities within neighborhoods. However, there is increasing opposition to such siting. In this paper, we will focus on nursing homes and attempt to establish if Singaporeans would reject such facilities in their neighborhoods even if it were deemed necessary – a phenomenon known as NIMBY or “not in my backyard”. Our hedonic price model showed that the public expectations of property value decline are unfounded. A survey administered attempts to identify the conditions that can improve the acceptance level of nursing homes, and to identify unique characteristics of a nursing homes acceptor. They are found to be: old, high income earner, less number of years stayed in community, single, have more children in family and currently stay near eldercare facility. Lastly, a binary logit analysis will test for possible bribe effects when monetary compensation is offered. Results showed that offering cash compensations did not increase acceptance level.
|
|---|