Sleep, Worker's Health, and Social Welfare

Ken Yoshida

MPRA Paper from University Library of Munich, Germany

Abstract: The aims of this paper are to construct a theoretical model treating sleep as investment in health capital and to analyze how sleep affects a worker's health capital and social welfare. By regarding sleep as investment in health capital and including sleep in time constraint, it was revealed how workers decide hours slept. Of particular importance is the result that a worker stores their health capital by taking more sleep than the optimal value at a young age, and this leads to increased output. Moreover, we identified a complementary relation between consumption and labor supply. These results showed that policies to reduce hours worked could improve worker's health capital and social welfare.

Keywords: sleep; worker's health; social welfare; health investment; sleep--consumption model. (search for similar items in EconPapers)
JEL-codes: I18 I19 I31 (search for similar items in EconPapers)
Date: 2021
New Economics Papers: this item is included in nep-hea
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:106573

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