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dc.contributor.authorGoette, Lorenzen_US
dc.contributor.authorHuffman, Daviden_US
dc.contributor.authorFehr, Ernsten_US
dc.date.accessioned2009-01-28T16:12:06Z-
dc.date.available2009-01-28T16:12:06Z-
dc.date.issued2003en_US
dc.identifier.urihttp://hdl.handle.net/10419/20164-
dc.description.abstractIn 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.en_US
dc.language.isoengen_US
dc.publisheren_US
dc.relation.ispartofseriesIZA Discussion paper series 927en_US
dc.subject.jelB49en_US
dc.subject.jelJ22en_US
dc.subject.ddc330en_US
dc.subject.keywordlabor supplyen_US
dc.subject.keywordintertemporal substitutionen_US
dc.subject.keywordloss aversionen_US
dc.subject.keywordreference dependenten_US
dc.subject.stwArbeitsangeboten_US
dc.subject.stwArbeitszeiten_US
dc.subject.stwZeitpräferenzen_US
dc.subject.stwRisikoaversionen_US
dc.subject.stwProspect Theoryen_US
dc.subject.stwTheorieen_US
dc.subject.stwDeutschlanden_US
dc.titleLoss aversion and labor supplyen_US
dc.typeWorking Paperen_US
dc.identifier.ppn374481067en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-
Appears in Collections:IZA Discussion Papers, Forschungsinstitut zur Zukunft der Arbeit (IZA)

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