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Sleep, Worker's Health, and Social Welfare

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  • Ken Yoshida

Abstract

The aims of this paper are to construct a theoretical model treating sleep as an investment in health capital and analyze how sleep affects a worker's health capital and social welfare. We consider time constraints because sleep only requires time, and we assumed that consumption also requires time. By doing so, we reveal how workers decide their hours slept. Of particular importance is the result that workers store their health capital by sleeping more than the optimal value at a young age, which leads to increased output. Moreover, we identify a complementary relationship between consumption and labor supply. These results show that policies to reduce hours worked could improve workers' health capital and social welfare.

Suggested Citation

  • Ken Yoshida, 2022. "Sleep, Worker's Health, and Social Welfare," Business Management and Strategy, Macrothink Institute, vol. 13(2), pages 34-66, December.
    • Handle: RePEc:mth:bmsmti:v:13:y:2022:i:2:p:34-66
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    References listed on IDEAS

    as
    1. Gary S. Becker, 2007. "Health as human capital: synthesis and extensions -super-1," Oxford Economic Papers, Oxford University Press, vol. 59(3), pages 379-410, July.
    2. Cropper, M L, 1977. "Health, Investment in Health, and Occupational Choice," Journal of Political Economy, University of Chicago Press, vol. 85(6), pages 1273-1294, December.
    3. Liljas, Bengt, 1998. "The demand for health with uncertainty and insurance," Journal of Health Economics, Elsevier, vol. 17(2), pages 153-170, April.
    4. Selma J. Mushkin, 1962. "Health as an Investment," Journal of Political Economy, University of Chicago Press, vol. 70(5), pages 129-129.
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    JEL classification:

    • R00 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General - - - General
    • Z0 - Other Special Topics - - General

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