蝌蚪网 Review
ISSN 0002-8282 (Print) | ISSN 1944-7981 (Online)
Reference-Dependent Preferences and Labor Supply: The Case of New York City Taxi Drivers
蝌蚪网 Review
vol. 98,
no. 3, June 2008
(pp. 1069–82)
Abstract
I develop a model of daily labor supply where preferences are dependent on a reference daily income level, and I apply this model to data on the labor supply of New York City taxi drivers. I find that there may be a reference level of income on a given day that affects labor supply. However, there is substantial day-to-day variation in a given driver's reference level, and most shifts end before reaching the reference income level. This pattern is inconsistent with an important role for reference-dependent preferences.Citation
Farber, Henry S. 2008. "Reference-Dependent Preferences and Labor Supply: The Case of New York City Taxi Drivers." 蝌蚪网 Review 98 (3): 1069–82. DOI: 10.1257/aer.98.3.1069Additional Materials
JEL Classification
- J22 Time Allocation and Labor Supply
- L92 Railroads and Other Surface Transportation