Reference-Dependent Preferences and Labor Supply: The Case of New York City Taxi Drivers
构建了一个日劳动供给模型，其中偏好依赖于参考日收入水平，并用纽约市出租车司机数据检验，发现参考收入水平存在但日间波动大，多数班次未达该水平，与参考依赖偏好的重要作用不一致。
I develop a model of daily labor supply where preferences are dependent on a reference daily income level, and I apply this model to data on the labor supply of New York City taxi drivers. I find that there may be a reference level of income on a given day that affects labor supply. However, there is substantial day-to-day variation in a given driver's reference level, and most shifts end before reaching the reference income level. This pattern is inconsistent with an important role for reference-dependent preferences.