LOSS AVERSION AND LABOR SUPPLY
成果类型：
Article
署名作者：
Goette, Lorenz; Fehr, Ernst; Huffman, David
署名单位：
University of Zurich; IZA Institute Labor Economics
刊物名称：
JOURNAL OF THE EUROPEAN ECONOMIC ASSOCIATION
ISSN/ISSBN：
1542-4766
DOI：
10.1162/154247604323067934
发表日期：
2004
页码：
216-228
关键词：
摘要：
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. (JEL: J22, B49)
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