This file is part of IDEAS , which uses RePEc data
[ Papers |
Articles |
Software |
Books |
Chapters |
Authors |
Institutions |
JEL Classification |
NEP reports |
Search |
New papers by email |
Author registration |
Rankings |
Volunteers |
FAQ |
Blog |
Help! ]
Loss Aversion and Labor Supply Author info | Abstract | Publisher info | Download info | Related research | Statistics Goette, Lorenz (University of Zurich)
Huffman, David (IZA Bonn)
Fehr, Ernst (University of Zurich, CEPR and IZA Bonn)
Additional information is available for the following
registered author(s):
In many occupations workers’ labor supply choices are constrained by institutional rules regulating labor time and effort provision. This renders explicit tests of the neoclassical theory of labor supply difficult. Here we present evidence from studies examining labor supply responses in “neoclassical environments” in which workers are free to choose when and how much to work. Despite the favorable environment the results cast doubt on the neoclassical model. They are, however, consistent with a model of reference dependent preferences exhibiting loss aversion and diminishing sensitivity.
To download:
If you experience problems downloading a file, check if you have the
proper application to
view it first. Information about this may be contained
in the File-Format links below. In case of further problems read
the IDEAS help
file . Note that these files are not on the IDEAS
site. Please be patient as the files may be large.
Paper provided by Institute for the Study of Labor (IZA) in its series IZA Discussion Papers with number
927.
Download reference. The following formats are available: HTML ,
plain text ,
BibTeX ,
RIS (EndNote),
ReDIF
Length: 23 pages
Date of creation: Nov 2003Date of revision:
Handle: RePEc:iza:izadps:dp927Contact details of provider: Postal: IZA, P.O. Box 7240, D-53072 Bonn, Germany Phone: +49 228 3894 223 Fax: +49 228 3894 180 Web page: http://www.iza.org
Order Information: Postal: IZA, Margard Ody, P.O. Box 7240, D-53072 Bonn, Germany Email:
For technical questions regarding this item, or to correct its listing, contact: (Mark Fallak).
Keywords: labor supply intertemporal substitution loss aversion reference dependent preferences Other versions of this item:
Find related papers by JEL classification: J22 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Time Allocation and Labor Supply B49 - Schools of Economic Thought and Methodology - - Economic Methodology - - - Other
This paper has been announced in the following NEP Reports :
References listed on IDEAS Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile , click on "citations" and make appropriate adjustments.: Camerer, Colin, et al, 1997.
"Labor Supply of New York City Cabdrivers: One Day at a Time ,"
The Quarterly Journal of Economics ,
MIT Press, vol. 112(2), pages 407-41, May.
Other versions: Henry Farber, 2003.
"Is Tomorrow Another Day? The Labor Supply of New York Cab Drivers ,"
NBER Working Papers
9706, National Bureau of Economic Research, Inc.
[Downloadable!] (restricted)
Fehr, Ernst & Götte, Lorenz, 2004.
"Do Workers Work More When Wages Are High? Evidence from a Randomized Field Experiment ,"
IZA Discussion Papers
1002, Institute for the Study of Labor (IZA).
[Downloadable!]
Ernst Fehr & Lorenz Götte, 2005.
"Do Workers Work More if Wages are High? Evidence from a Randomized Field Experiment ,"
IEW - Working Papers
iewwp125, Institute for Empirical Research in Economics - IEW.
[Downloadable!]
Other versions: Gerald S. Oettinger, 1999.
"An Empirical Analysis of the Daily Labor Supply of Stadium Vendors ,"
Journal of Political Economy ,
University of Chicago Press, vol. 107(2), pages 360-392, April.
[Downloadable!] (restricted)
Henry S. Farber, 2003.
"Is Tomorrow Another Day? The Labor Supply Of New York Cab Drivers ,"
Working Papers
110, Princeton University, Department of Economics, Center for Economic Policy Studies..
[Downloadable!]
Full
references Cited by : (explanations , Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile , click on "citations" and make appropriate adjustments.)
Bruno S. Frey & Simon Luechinger & Alois Stutzer, .
"Calculating Tragedy: Assessing the Costs of Terrorism ,"
IEW - Working Papers
iewwp205, Institute for Empirical Research in Economics - IEW.
[Downloadable!]
Other versions:
Bruno S. Frey & Simon Luechinger & Alois Stutzer, 2004.
"Calculating Tragedy: Assessing the Costs of Terrorism ,"
CREMA Working Paper Series
2004-23, Center for Research in Economics, Management and the Arts (CREMA).
[Downloadable!] Bruno Frey & Simon Luechinger & Alois Stutzer, 2004.
"Calculating Tragedy: Assessing the Costs of Terrorism ,"
CESifo Working Paper Series
CESifo Working Paper No. , CESifo GmbH.
[Downloadable!] Bruno S. Frey & Simon Luechinger & Alois Stutzer, 2007.
"Calculating Tragedy: Assessing The Costs Of Terrorism ,"
Journal of Economic Surveys ,
Blackwell Publishing, vol. 21(1), pages 1-24, 02.
[Downloadable!] (restricted) Nathan Berg & Gerd Gigerenzer, 2007.
"Psychology Implies Paternalism? Bounded Rationality may Reduce the Rationale to Regulate Risk-Taking ,"
Social Choice and Welfare ,
Springer, vol. 28(2), pages 337-359, February.
[Downloadable!] (restricted)
Enrico De Giorgi & Stefan Reimann, .
"The ?-Beauty Contest: Choosing Numbers, Thinking Intervals ,"
IEW - Working Papers
iewwp183, Institute for Empirical Research in Economics - IEW.
[Downloadable!]
Lorenz Goette & David Huffman, 2005.
"Affect as a Source of Motivation in the Workplace: A New Model of Labor Supply, and New Field Evidence on Income Targeting and the Goal Gradient ,"
IZA Discussion Papers
1890, Institute for the Study of Labor (IZA).
[Downloadable!]
Maarten Vendrik & Geert Woltjer, 2006.
"Happiness and Loss Aversion: When Social Participation Dominates Comparison ,"
IZA Discussion Papers
2218, Institute for the Study of Labor (IZA).
[Downloadable!]
Other versions: Grigorieva Elena & Strobel Martin, 2006.
"Bidding behavior in the bisection auction – an experimental investigation ,"
Research Memoranda
026, Maastricht : METEOR, Maastricht Research School of Economics of Technology and Organization.
[Downloadable!]
Bruno S. Frey & Alois Stutzer, .
"Making International Organizations More Democratic ,"
IEW - Working Papers
iewwp217, Institute for Empirical Research in Economics - IEW.
[Downloadable!]
Other versions: Botond Koszegi & Matthew Rabin, 2005.
"A Model of Reference-Dependent Preferences ,"
Levine's Bibliography
784828000000000341, UCLA Department of Economics.
[Downloadable!]
Ernst Fehr & Klaus M. Schmidt, .
"The Role of Equality, Efficiency, and Rawlsian Motives in Social Preferences: A Reply to Engelmann and Strobel ,"
IEW - Working Papers
iewwp179, Institute for Empirical Research in Economics - IEW.
[Downloadable!]
Patrick Leoni, .
"Learning in Repeated Games without Repeating the Game ,"
IEW - Working Papers
iewwp215, Institute for Empirical Research in Economics - IEW.
[Downloadable!]
Steffen Huck & Michael Kosfeld, .
"The Dynamics of Neighbourhood Watch and Norm Enforcement ,"
IEW - Working Papers
iewwp199, Institute for Empirical Research in Economics - IEW.
[Downloadable!]
Other versions: Petra Moog & Uschi Backes-Gellner & Gldem Demirer, 2005.
"Arbeitsrechtliche Regulierungen und ihr Einfluss auf Unternehmensgrndungen ,"
Working Papers
0052, University of Zurich, Institute for Strategy and Business Economics (ISU), revised Sep 2005.
[Downloadable!]
Ernst Fehr & Susanne Kremhelmer & Klaus M. Schmidt, .
"Fairness and the Optimal Allocation of Ownership Rights ,"
IEW - Working Papers
iewwp224, Institute for Empirical Research in Economics - IEW.
[Downloadable!]
Other versions:
Fehr, Ernst & Kremhelmer, Susanne & Schmidt, Klaus M., 2005.
"Fairness and the Optimal Allocation of Ownership Rights ,"
CEPR Discussion Papers
5369, C.E.P.R. Discussion Papers.
[Downloadable!] (restricted) Ernst Fehr & Susanne Kremhelmer & Klaus M. Schmidt, 2004.
"Fairness and the Optimal Allocation of Ownership Rights ,"
Discussion Papers
11, SFB/TR 15 Governance and the Efficiency of Economic Systems, Free University of Berlin, Humboldt University of Berlin, University of Bonn, University of Mannheim, University of Munich.
[Downloadable!] Ernst Fehr & Susanne Kremhelmer & Klaus Schmidt, 2005.
"Fairness and the Optimal Allocation of Ownership Rights ,"
CESifo Working Paper Series
CESifo Working Paper No. , CESifo GmbH.
[Downloadable!] Fehr, Ernst & Kremhelmer, Susanne & Schmidt, Klaus M., 2005.
"Fairness and the Optimal Allocation of Ownership Rights ,"
Discussion Papers in Economics
727, University of Munich, Department of Economics.
[Downloadable!] Bruno S. Frey, .
"Happiness Research: State and Prospects ,"
IEW - Working Papers
iewwp192, Institute for Empirical Research in Economics - IEW.
[Downloadable!]
Other versions:
Bruno S. Frey & Alois Stutzer, .
"Happiness Research: State and Prospects ,"
IEW - Working Papers
iewwp190, Institute for Empirical Research in Economics - IEW.
[Downloadable!] Bruno S. Frey & Alois Stutzer, 2004.
"Happiness Research: State and Prospects ,"
CREMA Working Paper Series
2004-10, Center for Research in Economics, Management and the Arts (CREMA).
[Downloadable!] Bruno Frey & Alois Stutzer, 2005.
"Happiness Research: State and Prospects ,"
Review of Social Economy ,
Taylor and Francis Journals, vol. 63(2), pages 207-228, June.
[Downloadable!] (restricted) Aleksander Berentsen & Esther Bruegger & Simon Loertscher, .
"Heterogeneity, Local Information, and Global Interaction ,"
IEW - Working Papers
iewwp182, Institute for Empirical Research in Economics - IEW.
[Downloadable!]
Ernst Fehr & Lorenz Goette, 2007.
"Do Workers Work More if Wages Are High? Evidence from a Randomized Field Experiment ,"
American Economic Review ,
American Economic Association, vol. 97(1), pages 298-317, March.
Other versions: Lorenz Goette & David Huffman, 2006.
"Incentives and the Allocation of Effort Over Time: The Joint Role of Affective and Cognitive Decision Making ,"
IZA Discussion Papers
2400, Institute for the Study of Labor (IZA).
[Downloadable!]
Pavlo Blavatskyy, .
"Why the Olympics have three prizes and not just one ,"
IEW - Working Papers
iewwp200, Institute for Empirical Research in Economics - IEW.
[Downloadable!]
Philipp C. Wichardt, .
"An Application of Global Games to Signalling Models ,"
IEW - Working Papers
iewwp223, Institute for Empirical Research in Economics - IEW.
[Downloadable!]
Nava Ashraf & James Berry & Jesse M. Shapiro, 2007.
"Can Higher Prices Stimulate Product Use? Evidence from a Field Experiment in Zambia ,"
NBER Working Papers
13247, National Bureau of Economic Research, Inc.
[Downloadable!] (restricted)
Bruno S. Frey & Margit Osterloh, .
"Yes, Managers Should be Paid Like Bureaucrats ,"
IEW - Working Papers
iewwp187, Institute for Empirical Research in Economics - IEW.
[Downloadable!]
Other versions: Peter Woehrmann, .
"A dynamic model of the financial–real interaction as a model selection criterion for nonparametric stock market prediction ,"
IEW - Working Papers
iewwp226, Institute for Empirical Research in Economics - IEW.
[Downloadable!]
Access and
download statistics Did you know? You can create your own reading lists on IDEAS.
This page was last updated on 2008-9-1.
This information is provided to you by IDEAS at the Department of Economics , College of Liberal Arts and Sciences , University of Connecticut using RePEc data on a server sponsored by the Society for Economic Dynamics .