The welfare effects of time reallocation
Evidence from Daylight Saving Time
Bibliographic Data
| ID | 9722673 |
|---|---|
| Authors | Joan Costa-Font (0000-0001-7174-7919, corresponding author), Joan Costa‐Font (London School of Economics and Political Science (LSE), IZA and CESifo), Sarah Fleche (0000-0001-8927-075X, University Paris 1 Pantheon‐Sorbonne, CNRS, Sorbonne Economics Centre and Centre for Economic Performance (LSE)), Ricardo Pagan (0000-0002-7391-5127, Universidad de Málaga) |
| Year | 2024 |
| Volume | 91 |
| Issue | 362 |
| Pages | 547-568 |
| Publication date | 2024-04-01 |
| Peer Reviewed | Yes |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | Economica (JOURNAL) |
| Journal identifiers | ISSN: 0013-0427 • E-ISSN: 1468-0335 |
| Publisher | Wiley (PUBLISHER • GB) |
| DOI | 10.1111/ecca.12510 |
| OpenAlex | W3191478714 |
| Language | EN |
| Citations received | 1 |
| References cited | 40 |
Daylight Saving Time (DST) is a widely adopted practice implemented by over 70 countries to align sunlight with day‐to‐day activities and reduce energy demands. However, we do not have a clear knowledge of how it affects individuals' welfare. Using a regression discontinuity combined with a difference‐in‐differences design, we find that the Spring DST transition causes a significant decline in life satisfaction. By inducing a reallocation of time, the transition into DST deteriorates sleep quality and increases time stress, which in turn affects physical and emotional health. Using an event study approach, we find that such effects persist for about six days after the DST transition. Conversely, we provide evidence that the Autumn DST transition gives rise to a significant increase in life satisfaction. Finally, using a simple cost‐benefit analysis, we discuss the potential benefits of ending DST
Daylight · Demographic economics · Economics · Public economics · Regression discontinuity design · Welfare · Energy, Environment, and Transportation Policies · Impact of Light on Environment and Health · Medicine · Psychological Well-being and Life Satisfaction · Psychology
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Robust Nonparametric Confidence Intervals for Regression-Discontinuity Designs
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Saving lives
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Stress on and off the job as related to sex and occupational status in white‐collar workers
Circadian Rhythms, Sleep, and Cognitive Skills
Sleep and the Allocation of Time
| Unique citing works | 1 |
|---|---|
| Citations per year | 1 |
| Citation span | 2025 - 2025 (1) |
| Citation velocity | recent |
| Highly cited | No |
| Citation types | Neutral: 1 |