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Sleep and the management of alertness

Author

Listed:
  • Tinna Laufey Ásgeirsdóttir

    (University of Iceland)

  • Sigurður Páll Ólafsson

    (University of Iceland)

  • Gylfi Zoega

    (University of Iceland
    Birkbeck, University of London)

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.

Suggested Citation

  • Tinna Laufey Ásgeirsdóttir & Sigurður Páll Ólafsson & Gylfi Zoega, 2016. "Sleep and the management of alertness," Mind & Society: Cognitive Studies in Economics and Social Sciences, Springer;Fondazione Rosselli, vol. 15(2), pages 169-189, November.
    • Handle: RePEc:spr:minsoc:v:15:y:2016:i:2:d:10.1007_s11299-015-0182-z
    DOI: 10.1007/s11299-015-0182-z
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    References listed on IDEAS

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    1. Pierre Brochu & Catherine Armstrong & Louis-Philippe Morin, 2012. "The ‘trendiness’ of sleep: an empirical investigation into the cyclical nature of sleep time," Empirical Economics, Springer, vol. 43(2), pages 891-913, October.
    2. Grossman, Michael, 1972. "On the Concept of Health Capital and the Demand for Health," Journal of Political Economy, University of Chicago Press, vol. 80(2), pages 223-255, March-Apr.
    3. Ásgeirsdóttir, Tinna Laufey & Corman, Hope & Noonan, Kelly & Ólafsdóttir, Þórhildur & Reichman, Nancy E., 2014. "Was the economic crisis of 2008 good for Icelanders? Impact on health behaviors," Economics & Human Biology, Elsevier, vol. 13(C), pages 1-19.
    4. Szalontai, Gabor, 2006. "The demand for sleep: A South African study," Economic Modelling, Elsevier, vol. 23(5), pages 854-874, September.
    5. Tinna Asgeirsdottir & Gylfi Zoega, 2011. "On the economics of sleeping," Mind & Society: Cognitive Studies in Economics and Social Sciences, Springer;Fondazione Rosselli, vol. 10(2), pages 149-164, December.
    6. Biddle, Jeff E & Hamermesh, Daniel S, 1990. "Sleep and the Allocation of Time," Journal of Political Economy, University of Chicago Press, vol. 98(5), pages 922-943, October.
    7. Harold Hotelling, 1931. "The Economics of Exhaustible Resources," Journal of Political Economy, University of Chicago Press, vol. 39(2), pages 137-137.
    8. Stella Chatzitheochari & Sara Arber, 2009. "Lack of sleep, work and the long hours culture: evidence from the UK Time Use Survey," Work, Employment & Society, British Sociological Association, vol. 23(1), pages 30-48, March.
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    Cited by:

    1. Jara-Díaz, Sergio R. & Rosales-Salas, Jorge, 2020. "Time use: The role of sleep," Transportation Research Part A: Policy and Practice, Elsevier, vol. 136(C), pages 1-20.

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    More about this item

    Keywords

    Alertness; Sleep; Efficiency;
    All these keywords.

    JEL classification:

    • D13 - Microeconomics - - Household Behavior - - - Household Production and Intrahouse Allocation
    • D91 - Microeconomics - - Micro-Based Behavioral Economics - - - Role and Effects of Psychological, Emotional, Social, and Cognitive Factors on Decision Making

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