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Reference-dependent...
Reference-dependent behaviour of paua (abalone) divers in New Zealand
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- Eggert, Håkan, 1961 (author)
- Gothenburg University,Göteborgs universitet,Institutionen för nationalekonomi med statistik, Enheten för miljöekonomi,Department of Economics, Environmental Economics Unit
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Kahui, Viktoria (author)
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(creator_code:org_t)
- Göteborg : University of Gothenburg, 2011
- English.
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Series: Working Papers in Economics (print), 1403-2473 ; 513
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Series: Working Papers in Economics (online), 1403-2465 ; 513
- Related links:
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Abstract
Subject headings
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- We study dynamic labour supply using data on paua (abalone) divers in New Zealand. The divers face stable, flat prices per kilogram after each catch, but experience transitory wage changes due to varying weather and water conditions, and are free to vary their daily working hours and display an intermittent working pattern. We find non-linear wage elasticities, rejecting the standard neo-classical prediction. We explore potentially distorting factors, but find little evidence. Applying Kőszegi and Rabin’s (2006) theory where workers have both income and hours targets could explain our result. In particular, our divers appear to be primarily guided by the hours target.
Subject headings
- SAMHÄLLSVETENSKAP -- Ekonomi och näringsliv -- Nationalekonomi (hsv//swe)
- SOCIAL SCIENCES -- Economics and Business -- Economics (hsv//eng)
Keyword
- labour supply
- wage elasticity
- income e target
- reference-dependent preferences
Publication and Content Type
- vet (subject category)
- rap (subject category)
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