Skip to Main content Skip to Navigation
New interface
Journal articles

Are preferences for work reference dependent or time nonseparable? New experimental evidence

Abstract : Tests of labor supply models often rely on wages. However, wage variation alone generally cannot disentangle the classical time separable model and its extensions: reference dependent preferences (income targeting) and time nonseparable preferences (disutility spillovers; timing-specific preferences). We set up a novel laboratory experiment in which individuals choose their working time. We vary, independently, wages, historical income paths, and cumulative past work. We also vary the timing of experimental sessions. Statistical tests and stochastic revealed preference methods cannot reject the classical model in favor of income targeting or disutility spillovers, but the data suggest that labor supply varies by time-of-the-day.
Document type :
Journal articles
Complete list of metadata

https://hal-amu.archives-ouvertes.fr/hal-03777314
Contributor : Elisabeth Lhuillier Connect in order to contact the contributor
Submitted on : Wednesday, September 14, 2022 - 4:40:31 PM
Last modification on : Friday, September 16, 2022 - 2:49:34 PM

File

 Restricted access
To satisfy the distribution rights of the publisher, the document is embargoed until : 2023-07-14

Please log in to resquest access to the document

Identifiers

Citation

Sam Cosaert, Mathieu Lefebvre, Ludivine Martin. Are preferences for work reference dependent or time nonseparable? New experimental evidence. European Economic Review, 2022, 148, pp.104206. ⟨10.1016/j.euroecorev.2022.104206⟩. ⟨hal-03777314⟩

Share

Metrics

Record views

24