Reference Dependent Preference and Labor Supply: Evidence from China

Guanfu Fang, Guanliang Hu, Lan Yao
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引用次数: 1

Abstract

This paper investigates the daily labor supply decisions of Hangzhou cabdrivers. We find that Hangzhou cabdrivers' wage elasticity is significantly positive, their working decisions are largely affected by shift time, and crude proxy variables for income; hours targets can hardly explain their working behavior. Nevertheless, Hangzhou cabdrivers are still affected by reference dependent preference. Using new empirical strategies, we show that cabdrivers are more likely to continue working when wage rates are unexpectedly low and more likely to quit when wage rates are unexpectedly high.
参考依赖偏好与劳动力供给:来自中国的证据
本文对杭州出租车司机的日常劳动力供给决策进行了研究。研究发现,杭州市出租车司机的工资弹性显著为正,其工作决策在很大程度上受轮班时间和收入的粗代理变量的影响;工时目标很难解释他们的工作行为。尽管如此,杭州出租车司机仍然受到参考依赖偏好的影响。利用新的实证策略,我们发现当工资率出乎意料地低时,出租车司机更有可能继续工作,而当工资率出乎意料地高时,出租车司机更有可能辞职。
本文章由计算机程序翻译,如有差异,请以英文原文为准。
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