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The Welfare Effects of Time Reallocation: Evidence from Daylight Saving Time

Joan Costa-Font (), Sarah Flèche () and Ricardo Pagan Rodriguez ()

No 14570, IZA Discussion Papers from Institute of Labor Economics (IZA)

Abstract: Daylight Saving Time (DST) is currently implemented by more than seventy countries, yet we do not have a clear knowledge of how it affects individuals' welfare. Using a regression discontinuity design combined with a differences-in-differences approach, we find that the Spring DST causes a significant decline in life satisfaction. By inducing a reallocation of time, the transition into DST deteriorates sleep and increases time stress, which in turn affects physical and emotional health. After performing a simple cost-benefit analysis, we find evidence suggestive that ending DST would exert a positive effect on welfare, namely the wellbeing costs associated with DST exceed its benefits.

Keywords: health; wellbeing; Daylight Saving Time; sleep; time stress (search for similar items in EconPapers)
JEL-codes: I18 I31 K2 (search for similar items in EconPapers)
Pages: 49 pages
Date: 2021-07
New Economics Papers: this item is included in nep-hap, nep-hea, nep-isf and nep-ltv
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Related works:
Working Paper: The Welfare Effects of Time Reallocation: Evidence from Daylight Saving Time (2021) Downloads
Working Paper: The Welfare Effects of Time Reallocation: Evidence from Daylight Saving Time (2021) Downloads
Working Paper: The Welfare Effects of Time Reallocation: Evidence from Daylight Saving Time (2021) Downloads
Working Paper: The Welfare Effects of Time Reallocation: Evidence from Daylight Saving Time (2021) Downloads
Working Paper: The Welfare Effects of Time Reallocation: Evidence from Daylight Saving Time (2021) Downloads
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