We investigate the relevance of targeting behavior in the labor supply decisions of New York City Taxi drivers using exogenous and transitory positive changes in labor demand. Exploiting high-frequency variations in taxi demand due to subway service disruptions, we show that drivers work more when earnings opportunities are greater both when they are above and when they are below their income target. Surpassing the target, however, significantly reduces drivers’ labor supply. Estimates imply that drivers’ response to demand shocks is 40\(\%\) smaller once they have reached their daily income target. These results suggest that, while drivers’ behavior seems largely consistent with the prediction of a standard model of labor supply, targeting behavior does nevertheless play an essential role in determining drivers’ decisions.

我们使用劳动力需求的外生和暂时性积极变化来调查纽约市出租车司机劳动力供应决策中目标行为的相关性。利用地铁服务中断导致出租车需求的高频变化，我们表明，当司机在高于和低于收入目标时的收入机会更大时，司机会工作更多。然而，超过目标会显着减少司机的劳动力供应。估计意味着司机对需求冲击的反应是 40 \(\%\)一旦他们达到了他们的每日收入目标。这些结果表明，虽然司机的行为似乎与劳动力供应标准模型的预测基本一致，但目标行为确实在决定司机的决定方面发挥着重要作用。