Are Labor Supply Decisions Consistent with Neoclassical Preferences? Evidence from Indian Boat Owners:
This paper studies the labor supply of South Indian boat owners using daily labor participation decisions of 249 boat owners during seven years. It tests the standard neoclassical model of labor supply, which predicts that (i) individuals should be more likely to work when earnings are temporarily h...
Saved in:
| Main Author: | |
|---|---|
| Format: | Electronic eBook |
| Language: | English |
| Published: |
Washington, D.C
The World Bank
2016
|
| Series: | World Bank E-Library Archive
|
| Online Access: | Volltext |
| Summary: | This paper studies the labor supply of South Indian boat owners using daily labor participation decisions of 249 boat owners during seven years. It tests the standard neoclassical model of labor supply, which predicts that (i) individuals should be more likely to work when earnings are temporarily high and (ii) recent accumulated earnings should play no role in the participation decision. It finds that boat owners' labor participation depends positively on expected earnings but also on recent accumulated earnings, albeit weakly. Participation elasticities with respect to expected earnings range between 0.8 and 1.3 and about -0.05 and -0.01 with respect to changes in recent income. While the standard neoclassical model is statistically rejected, it is still a good approximation of the labor supply behavior of boat owners in southern India |
| Physical Description: | 1 Online-Ressource (39 p) |
| DOI: | 10.1596/1813-9450-7820 |
Staff View
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Record in the Search Index
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| id | DE-604.BV048269922 |
| illustrated | Not Illustrated |
| index_date | 2024-07-03T20:00:02Z |
| indexdate | 2025-02-20T07:19:40Z |
| institution | BVB |
| language | English |
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| spellingShingle | Gine, Xavier Are Labor Supply Decisions Consistent with Neoclassical Preferences? Evidence from Indian Boat Owners |
| title | Are Labor Supply Decisions Consistent with Neoclassical Preferences? Evidence from Indian Boat Owners |
| title_auth | Are Labor Supply Decisions Consistent with Neoclassical Preferences? Evidence from Indian Boat Owners |
| title_exact_search | Are Labor Supply Decisions Consistent with Neoclassical Preferences? Evidence from Indian Boat Owners |
| title_exact_search_txtP | Are Labor Supply Decisions Consistent with Neoclassical Preferences? Evidence from Indian Boat Owners |
| title_full | Are Labor Supply Decisions Consistent with Neoclassical Preferences? Evidence from Indian Boat Owners Xavier Gine |
| title_fullStr | Are Labor Supply Decisions Consistent with Neoclassical Preferences? Evidence from Indian Boat Owners Xavier Gine |
| title_full_unstemmed | Are Labor Supply Decisions Consistent with Neoclassical Preferences? Evidence from Indian Boat Owners Xavier Gine |
| title_short | Are Labor Supply Decisions Consistent with Neoclassical Preferences? Evidence from Indian Boat Owners |
| title_sort | are labor supply decisions consistent with neoclassical preferences evidence from indian boat owners |
| url | https://doi.org/10.1596/1813-9450-7820 |
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