Sleep and the management of alertness

Tinna Laufey Ásgeirsdóttir, Sigurður Páll Ólafsson and Gylfi Zoega
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Tinna Laufey Ásgeirsdóttir: University of Iceland
Sigurður Páll Ólafsson: University of Iceland

Mind & Society: Cognitive Studies in Economics and Social Sciences, 2016, vol. 15, issue 2, No 3, 169-189

Abstract: Abstract Sleep has received limited attention in economics and sleep duration is usually made exogenous and fixed in models of time allocation. In our framework sleeping involves investing in alertness but also a sacrifice of waking time. We show how the inter-temporal utility-maximization problem on the length of sleep is analogous to the optimality conditions for resource extraction. We then test the theoretical predictions that emerge from the model, which include the effects of labor market opportunities and having children, on sleep patterns.

Keywords: Alertness; Sleep; Efficiency (search for similar items in EconPapers)
JEL-codes: D13 D91 (search for similar items in EconPapers)
Date: 2016
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Citations: View citations in EconPapers (1)

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DOI: 10.1007/s11299-015-0182-z

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