The welfare effects of time reallocation: evidence from Daylight Saving Time

IF 1.6 3区 经济学 Q2 ECONOMICS Economica Pub Date : 2024-01-10 DOI:10.1111/ecca.12510
Joan Costa-Font, Sarah Fleche, Ricardo Pagan
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Abstract

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.

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时间重新分配的福利效应:来自夏令时的证据
夏令时(DST)是一种被 70 多个国家广泛采用的做法,目的是使日照与日常活动保持一致并减少能源需求。然而,我们并不清楚夏令时对个人福利的影响。通过使用回归不连续与差异设计相结合的方法,我们发现春季 DST 过渡会导致生活满意度显著下降。通过诱导时间的重新分配,夏令时过渡会降低睡眠质量,增加时间压力,进而影响身体和情绪健康。利用事件研究法,我们发现这种影响在夏令时过渡后持续了大约六天。相反,我们提供的证据表明,秋季转换夏令时会显著提高生活满意度。最后,通过简单的成本效益分析,我们讨论了结束夏令时的潜在益处。
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来源期刊
Economica
Economica ECONOMICS-
CiteScore
2.40
自引率
0.00%
发文量
49
审稿时长
5 weeks
期刊介绍: Economica is an international journal devoted to research in all branches of economics. Theoretical and empirical articles are welcome from all parts of the international research community. Economica is a leading economics journal, appearing high in the published citation rankings. In addition to the main papers which make up each issue, there is an extensive review section, covering a wide range of recently published titles at all levels.
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