%0 Report
        %A Costa-Font, Joan
%A Flèche, Sarah
%A Pagan, Ricardo
        %T The Welfare Effects of Time Reallocation: Evidence from Daylight Saving Time
        %D 2021
        %8 2021 Jul
        %I Institute of Labor Economics (IZA)
        %C Bonn
        %7 IZA Discussion Paper
        %N 14570
        %U https://www.iza.org/publications/dp14570
        %X 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.
        %K Daylight Saving Time
%K wellbeing
%K health
%K sleep
%K time stress