Is Tomorrow Another Day? The Labor Supply of New York City Cabdrivers

By Henry S. Farber. Journal of Political Economy, 2005

393 citations recorded by the source corpus.

Subfields: Automotive Engineering, Renewable Energy, Sustainability and the Environment, Transportation

View Paper: https://www.semanticscholar.org/paper/20ec6cd0e8fe93f05b2a2695e27101b4464da56d

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In Automotive Engineering

In Renewable Energy, Sustainability and the Environment

In Transportation

Citations in the corpus

Loss aversion, diminishing sensitivity, and the effect of experience on repeated decisions† (2008, background): “This suggestion was recently criticized by Ferber (2005). (3)Previous research have showed that decisions from experience are different from one-shot decisions that are based on descriptions of the prospects’ outcomes and likelihoods (e.”
The Value of Flexible Work: Evidence from Uber Drivers (2019, neutral): “In contrast, the “active” state is probably an underestimate of labor supply because it includes minutes on trip en route to obtain a passenger but does not include minutes in which the driver is waiting to be matched with a passengers.”
Reference-Dependent Preferences: Evidence from Marathon Runners (2014, background): “…paper led to additional analyses that used different datasets and econometric methods to examine if taxi drivers indeed have reference-dependent preferences, with some arguing against (Farber, 2005, 2008) and some arguing in favor (Ashenfelter, Doran, and Schaller, 2010; Crawford and Meng, 2011).”
Why You Can't Find a Taxi in the Rain and Other Labor Supply Lessons from Cab Drivers (2015, background): “If the wage has only small unanticipated variation (since anticipated variation is built into the reference income level through the expected wage), then behavior in response to unanticipated transitory wage variation will generally look like target earning.”
Adjustment Costs, Firm Responses, and Micro vs. Macro Labor Supply Elasticities: Evidence from Danish Tax Records (2011, positive): “This finding is consistent with a recent literature that documents larger elasticities for workers who can control their hours more easily, such as stadium vendors (Oettinger1999), bikemessengers (FehrandGoette2007), andcabdrivers (Farber 2005).”
Is Tiger Woods Loss Averse? Persistent Bias in the Face of Experience, Competition, and High Stakes (2011, neutral): “13 Farber (2008) and Doran (2008) study cabdriver labor supply and also make significant contributions to understanding reference point adaptation.”