Labor Supply Decisions of Singaporean Cab Drivers
نویسندگان
چکیده
We use a unique dataset from the largest Singaporean cab company with over 520 million data points that tracks minute by minute of cabdrivers’ work routine for a month to study the wage elasticity of labor supply. Our results show that both intraday and across days, cab drivers deviate from the neoclassical economic model and there is a reference level of income that they prefer to earn. Moreover, there are exogenous changes in intraday wages in Singapore. For instance at certain times and geographical locations the wages are higher due to peak period pricing. In these instances we find that across these threshold points cab drivers behave completely rationally and supply labor consistent with the neoclassical model.
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