Replication data for: Reference-Dependent Preferences and Labor Supply: The Case of New York City Taxi Drivers
Principal Investigator(s): View help for Principal Investigator(s) Henry S. Farber
Version: View help for Version V1
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Project Citation:
Farber, Henry S. Replication data for: Reference-Dependent Preferences and Labor Supply: The Case of New York City Taxi Drivers. Nashville, TN: American Economic Association [publisher], 2008. Ann Arbor, MI: Inter-university Consortium for Political and Social Research [distributor], 2019-10-12. https://doi.org/10.3886/E113241V1
Project Description
Summary:
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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.
Scope of Project
JEL Classification:
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J22 Time Allocation and Labor Supply
L92 Railroads and Other Surface Transportation
J22 Time Allocation and Labor Supply
L92 Railroads and Other Surface Transportation
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