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18-09-2015

Sleep and the management of alertness

Authors: Tinna Laufey Ásgeirsdóttir, Sigurður Páll Ólafsson, Gylfi Zoega

Published in: Mind & Society | Issue 2/2016

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Abstract

Sleep has received limited attention in economics and sleep duration is usually made exogenous and fixed in models of time allocation. In our framework sleeping involves investing in alertness but also a sacrifice of waking time. We show how the inter-temporal utility-maximization problem on the length of sleep is analogous to the optimality conditions for resource extraction. We then test the theoretical predictions that emerge from the model, which include the effects of labor market opportunities and having children, on sleep patterns.

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Title: Sleep and the management of alertness
Authors: Tinna Laufey Ásgeirsdóttir
Sigurður Páll Ólafsson
Gylfi Zoega
Publication date: 18-09-2015
Publisher: Springer Berlin Heidelberg
Published in: Mind & Society / Issue 2/2016
Print ISSN: 1593-7879
Electronic ISSN: 1860-1839
DOI: https://doi.org/10.1007/s11299-015-0182-z

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