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北大光华的孟涓涓老师，也是去年回国的，偶还听过她的高微课程，没想到和国外合作发表AER这么牛啊。
虽然是行为经济学方向的，比较前沿不太懂的，还是愿意学习了解一下。
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Vol. 101, No. 5, August 2011New York City Cab Drivers' Labor Supply Revisited: Reference-Dependent Preferences with Rational-Expectations Targets for Hours and Income
[size=-1]Vincent P. Crawford and Juanjuan Meng
Crawford, Vincent P. (U Oxford and U CA, San Diego)
Meng, Juanjuan (Peking U)
Crawford, Vincent P., and Juanjuan Meng. 2011. "New York City Cab Drivers' Labor Supply Revisited: Reference-Dependent Preferences with Rational-Expectations Targets for Hours and Income." American Economic Review, 101(5): 1912–32.
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)
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本文是11年8月AER新发布的正式版本，google上的查询版本，一般格式排版会有差异哦！
Meng1108-AER.pdf
(1.04 MB)
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