Reference Dependent Preference and Labor Supply:
Evidence from China
2 作者信息
Guanfu Fang
School of Business, Shanghai University of International Business and Economics
Guanliang Hu, Lan Yao
School of Economics, Shanghai University of Finance and Economics
3 出处和链接
Cite this article: Guanfu Fang, Guanliang Hu, Lan Yao. Reference Dependent Preference and Labor Supply: Evidence from China[J]. Front. Econ. China, 2019, 14(2): 264-301.
URL:
http://journal.hep.com.cn/fec/EN/10.3868/s060-008-019-0013-8
http://journal.hep.com.cn/fec/EN/Y2019/V14/I2/264
4 摘要
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.
参照依赖偏好与劳动供给:来自中国的证据
方观富
上海对外经贸大学国际经贸学院
胡关亮,姚澜
上海财经大学经济学院
摘要:本文考察了杭州出租车司机的每日劳动供给决策。我们发现,杭州出租车司机劳动供给的工资弹性显著为正,他们的劳动决策很大程度上受到换班时间影响,工资和工作时间目标的粗糙代理变量很难解释他们的工作行为。不过,杭州出租车司机仍然受到参照依赖偏好的影响。通过新的实证策略,我们发现出租车司机在小时工资意外低的时候更可能继续工作,而在小时工资意外高的时候更可能提前结束工作。
作者简介:
方观富:上海对外经贸大学国际经贸学院讲师,研究领域为应用微观计量经济学和实验经济学,代表性成果有接收于Economicsof Transition的合作论文“State versus private provision: How does China'smarket-oriented reform affect health care delivery?”等。
胡关亮:上海财经大学经济学院博士,研究领域为应用宏观经济学和发展经济学,代表性成果有发表于Economics Letters的合作论文“The Role of Returns to Scale in Measuring Frictions in Resource Allocation: Revisiting Misallocation and Manufacturing TFP in China”等。
姚 澜:上海财经大学经济学院常任副教授,研究领域为实验经济学、产业组织、应用微观和行为经济学,代表性成果有刊发于国际顶尖期刊Quarterly Journal of Economics的合作论文“Do Markets erode social responsibility?”和刊发于Quantitative Economics期刊的合作论文 “Testing Ambiguity Theories with a Mean-preserving Design”等。