TY  - RPRT
        AU  - Costa-Font, Joan
AU  - Flèche, Sarah
AU  - Pagan, Ricardo
        TI  - The Welfare Effects of Time Reallocation: Evidence from Daylight Saving Time
        PY  - 2021/Jul/
        PB  - Institute of Labor Economics (IZA)
        CY  - Bonn
        T2  - IZA Discussion Paper
        IS  - 14570
        UR  - https://www.iza.org/publications/dp14570
        AB  - 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.
        KW  - Daylight Saving Time
KW  - wellbeing
KW  - health
KW  - sleep
KW  - time stress
        ER  -