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Farber, Henry S. – Journal of Political Economy, 2005
The labor supply of taxi drivers is consistent with the existence of intertemporal substitution. My analysis of the stopping behavior of New York City cabdrivers shows that daily income effects are small and that the decision to stop work at a particular point on a given day is primarily related to cumulative daily hours to that point. This is in…
Descriptors: Wages, Labor Supply, Labor, Family Income