Labor market search effort with reference-dependent preferences
将前瞻性参考依赖偏好纳入简单工作搜寻模型，发现强烈损失厌恶者可能因经济激励不足而放弃搜寻工作，并讨论了政策含义。
We incorporate forward-looking reference-dependent preferences into a simple job search framework and show that people with strong aversion to losses may choose not to search for a job despite economic incentives to do so. We also discuss the policy implications.