Arbeitspapier

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

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.

Language
Englisch

Bibliographic citation
Series: CESifo Working Paper ; No. 9195

Classification
Wirtschaft
Health: Government Policy; Regulation; Public Health
Regulation and Business Law: General
General Welfare; Well-Being
Subject
Daylight Saving Time
wellbeing
health
sleep
time stress

Event
Geistige Schöpfung
(who)
Costa-i-Font, Joan
Fleche, Sarah
Ricardo, Pagan
Event
Veröffentlichung
(who)
Center for Economic Studies and ifo Institute (CESifo)
(where)
Munich
(when)
2021

Handle
Last update
10.03.2025, 11:43 AM CET

Data provider

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Object type

  • Arbeitspapier

Associated

  • Costa-i-Font, Joan
  • Fleche, Sarah
  • Ricardo, Pagan
  • Center for Economic Studies and ifo Institute (CESifo)

Time of origin

  • 2021

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