scholarly journals A Structural Model of Multiple Welfare Program Participation and Labor Supply

1998 ◽  
Vol 39 (3) ◽  
pp. 553 ◽  
Author(s):  
Michael Keane ◽  
Robert Moffitt
2021 ◽  
Vol 111 (8) ◽  
pp. 2417-2443
Author(s):  
Neil Thakral ◽  
Linh T. Tô

This paper provides field evidence on how reference points adjust, a degree of freedom in reference-dependence models. Examining this in the context of cabdrivers’ daily labor-supply behavior, we ask how the within-day timing of earnings affects decisions. Drivers work less in response to higher accumulated income, with a strong effect for recent earnings that gradually diminishes for earlier earnings. We estimate a structural model in which drivers work toward a reference point that adjusts to deviations from expected earnings with a lag. This dynamic view of reference dependence reconciles conflicting “neoclassical” and “behavioral” interpretations of evidence on daily labor-supply decisions. (JEL J22, J31, L94)


1988 ◽  
Vol 23 (3) ◽  
pp. 388 ◽  
Author(s):  
Gary Solon ◽  
Mary Corcoran ◽  
Roger Gordon ◽  
Deborah Laren

10.3386/w2334 ◽  
1987 ◽  
Author(s):  
Gary Solon ◽  
Mary Corcoran ◽  
Roger Gordon ◽  
Deborah Laren

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