My da|ra Login

Detailed view

metadata language: English

Replication data for: New York City Cab Drivers' Labor Supply Revisited: Reference-Dependent Preferences with Rational-Expectations Targets for Hours and Income

Version
1
Resource Type
Dataset
Creator
  • Crawford, Vincent P.
  • Meng, Juanjuan
Publication Date
2011-08-01
Description
  • Abstract

    This paper proposes a model of cab drivers' labor supply, building on Henry S. Farber's (2005, 2008) empirical analyses and Botond Koszegi 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)
Availability
Download
Relations
  • Is supplement to
    DOI: 10.1257/aer.101.5.1912 (Text)
Publications
  • Crawford, Vincent P, and Juanjuan Meng. “New York City Cab Drivers’ Labor Supply Revisited: Reference-Dependent Preferences with Rational-Expectations Targets for Hours and Income.” American Economic Review 101, no. 5 (August 2011): 1912–32. https://doi.org/10.1257/aer.101.5.1912.
    • ID: 10.1257/aer.101.5.1912 (DOI)

Update Metadata: 2020-05-18 | Issue Number: 2 | Registration Date: 2019-10-11

Crawford, Vincent P.; Meng, Juanjuan (2011): Replication data for: New York City Cab Drivers' Labor Supply Revisited: Reference-Dependent Preferences with Rational-Expectations Targets for Hours and Income. Version: 1. ICPSR - Interuniversity Consortium for Political and Social Research. Dataset. https://doi.org/10.3886/E112450V1