The DOI matches its Crossref record; 2 of the 2 references it cites were found in a registry or an index.
New York City Cab Drivers' Labor Supply Revisited: Reference-Dependent Preferences with Rational-Expectations Targets for Hours and Income
Open accessAbstract
This paper proposes a model of cab drivers' labor supply, building on Henry S. Farber's (2005, 2008) empirical analyses and Botond Kőszegi and Matthew Rabin's (2006; henceforth “KR”) theory of reference-dependent preferences. Following KR, our model has targets for hours as well as income, determined by proxied rational expectations. Our model, estimated with Farber's data, reconciles his finding that stopping probabilities are significantly related to hours but not income with Colin Camerer et al.'s (1997) negative “wage” elasticity of hours; and avoids Farber's criticism that estimates of drivers' income targets are too unstable to yield a useful model of labor supply. (JEL J22, J31, L92)
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Citations
Cites
Prospect Theory: An Analysis of Decision under Risk
Kahneman, D., & Tversky, A. (1979) · Econometrica · doi:10.2307/1914185 · Cited by 48,524
A Model of Reference-Dependent Preferences
Koszegi, B., & Rabin, M. (2006) · The Quarterly Journal of Economics · doi:10.1093/qje/121.4.1133 · Cited by 2,728
Cited by
Reference Points and Effort Provision
Abeler, J., Falk, A., Goette, L., & Huffman, D. (2011) · American Economic Review · doi:10.1257/aer.101.2.470 · Cited by 831
Behavioral Economics: Past, Present, and Future
Thaler, R. H. (2016) · American Economic Review · doi:10.1257/aer.106.7.1577 · Cited by 799
An Analysis of the Labor Market for Uber’s Driver-Partners in the United States
Hall, J. V., & Krueger, A. B. (2018) · ILR Review · doi:10.1177/0019793917717222 · Cited by 701
Reference-Dependent Consumption Plans
Kőszegi, B., & Rabin, M. (2009) · American Economic Review · doi:10.1257/aer.99.3.909 · Cited by 586
Reference-Dependent Preferences: Evidence from Marathon Runners
Allen, E. J., Dechow, P. M., Pope, D. G., & Wu, G. (2017) · Management Science · doi:10.1287/mnsc.2015.2417 · Cited by 324
Metadata
- Authors
- Crawford, V. P., & Meng, J.
- Venue
- American Economic Review
- Publisher
- American Economic Association
- Published
- 2011-08-01
- Volume
- 101
- Issue
- 5
- Pages
- 1912-1932
- ISSN
- 0002-8282 (ISSN-L)
- OpenAlex
- W3121390624
- Cited by
- 517
- References
- 2
- FWCI
- 18.89
- Type
- journal article
- Language
- en
- Open access
- green
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- Crawford, V. P., & Meng, J. (2011). New York City Cab Drivers' Labor Supply Revisited: Reference-Dependent Preferences with Rational-Expectations Targets for Hours and Income. American Economic Review. https://doi.org/10.1257/aer.101.5.1912
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Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).
Semantic Scholar’s data is described in: Kinney, R., et al. (2023). The Semantic Scholar Open Data Platform. arXiv:2301.10140.
