@TechReport{iza:izadps:dp14570,
            	author={Costa-Font, Joan and Flèche, Sarah and Pagan, Ricardo},
            	title={The Welfare Effects of Time Reallocation: Evidence from Daylight Saving Time},
            	year={2021},
	month={Jul},
            	institution={Institute of Labor Economics (IZA)},
            	address={Bonn},
            	type={IZA Discussion Paper},
            	number={14570},
            	url={https://www.iza.org/publications/dp14570},
	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={Daylight Saving Time;wellbeing;health;sleep;time stress},
            }