IDEAS home Printed from https://ideas.repec.org/a/eee/dyncon/v95y2018icp19-36.html

A model of sleep, leisure and work over the business cycle

Author

Listed:
  • Cardon, James H.
  • Eide, Eric R.
  • Phillips, Kerk L.
  • Showalter, Mark H.

Abstract

This paper uses a single-sector dynamic stochastic general equilibrium (DSGE) model to analyze time use patterns over the business cycle. Using data from the American Time Use Survey, we solve and simulate a model of a utility maximizing consumer subject to a penalty function based on a biological model for sleep. We find that sleep is countercyclical with the business cycle: sleep increases as economic activity declines. We also show that our model provides a reasonable estimate of observed sleep behavior over the period from 2003 through 2016. Our results suggest that separating sleep from other non-work activities is a useful and productive exercise for these types of models.

Suggested Citation

  • Cardon, James H. & Eide, Eric R. & Phillips, Kerk L. & Showalter, Mark H., 2018. "A model of sleep, leisure and work over the business cycle," Journal of Economic Dynamics and Control, Elsevier, vol. 95(C), pages 19-36.
    • Handle: RePEc:eee:dyncon:v:95:y:2018:i:c:p:19-36
    DOI: 10.1016/j.jedc.2018.08.003
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/S0165188918302252
    Download Restriction: Full text for ScienceDirect subscribers only
    File URL: https://libkey.io/10.1016/j.jedc.2018.08.003?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to

    for a different version of it.

    References listed on IDEAS

    as
    1. Hamermesh, Daniel S. & Biddle, Jeff E., 2018. "Taking Time Use Seriously: Income, Wages and Price Discrimination," IZA Discussion Papers 11997, IZA Network @ LISER.
    2. Antillón, Marina & Lauderdale, Diane S. & Mullahy, John, 2014. "Sleep behavior and unemployment conditions," Economics & Human Biology, Elsevier, vol. 14(C), pages 22-32.
    3. Daniel Borowczyk-Martins & Etienne Lalé, 2014. "Employment Adjustment and Part-time Jobs: The US and the UK in the Great Recession," Sciences Po Economics Publications (main) hal-03429888, HAL.
    4. Hodrick, Robert J & Prescott, Edward C, 1997. "Postwar U.S. Business Cycles: An Empirical Investigation," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 29(1), pages 1-16, February.
    5. Rogerson, Richard & Wallenius, Johanna, 2009. "Micro and macro elasticities in a life cycle model with taxes," Journal of Economic Theory, Elsevier, vol. 144(6), pages 2277-2292, November.
    6. Christopher J. Ruhm, 2000. "Are Recessions Good for Your Health?," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 115(2), pages 617-650.
    7. William B. Peterman, 2016. "Reconciling Micro And Macro Estimates Of The Frisch Labor Supply Elasticity," Economic Inquiry, Western Economic Association International, vol. 54(1), pages 100-120, January.
    8. Mark Aguiar & Erik Hurst & Loukas Karabarbounis, 2013. "Time Use during the Great Recession," American Economic Review, American Economic Association, vol. 103(5), pages 1664-1696, August.
    9. Maclean Johanna Catherine & Hill Terrence D., 2017. "Economic Conditions at School Leaving and Sleep Patterns Across the Life Course," The B.E. Journal of Economic Analysis & Policy, De Gruyter, vol. 17(2), pages 1-37, April.
    10. Eric R Eide & Mark H Showalter, 2012. "Sleep and Student Achievement," Eastern Economic Journal, Palgrave Macmillan;Eastern Economic Association, vol. 38(4), pages 512-524.
    11. Felix Reichling & Charles Whalen, 2012. "Review of Estimates of the Frisch Elasticity of Labor Supply: Working Paper 2012-13," Working Papers 43676, Congressional Budget Office.
    12. Lawrence J. Christiano & Terry J. Fitzgerald, 2003. "The Band Pass Filter," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 44(2), pages 435-465, May.
    13. Gibson, Matthew & Shrader, Jeffrey, 2014. "Time Use and Productivity: The Wage Returns to Sleep," University of California at San Diego, Economics Working Paper Series qt8zp518hc, Department of Economics, UC San Diego.
    14. 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.
    15. Matthew Gibson & Jeffrey Shrader, 2018. "Time Use and Labor Productivity: The Returns to Sleep," The Review of Economics and Statistics, MIT Press, vol. 100(5), pages 783-798, December.
    16. 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.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Bigler, Patrick & Janzen, Benedikt, 2024. "Too hot to sleep," Journal of Environmental Economics and Management, Elsevier, vol. 128(C).
    2. Luke Petach & Dustin Rumbaugh, 2021. "Are You Ready for Some Football? Estimating the Effect of American Football Season on Labor Supply in the United States," Journal of Sports Economics, , vol. 22(8), pages 893-920, December.
    3. I-Ming Chen & Hsi-Chung Chen & Chih-Min Liu & Shih-Cheng Liao & Ming-Hsien Hsieh & Tsung-Yang Wang & Jen-Hui Chan & Po-Hsiu Kuo, 2024. "The great recession, neurotic personality, and subjective sleep quality among patients with mood disorders," Humanities and Social Sciences Communications, Palgrave Macmillan, vol. 11(1), pages 1-8, December.
    4. Spencer A. Nielson & Jordan Taylor & Zach Simmons & Andrea N. Decker & Daniel B. Kay & Matthew R. Cribbet, 2021. "Sleep Valuation Is Associated with Components of Sleep Health and Daytime Functioning in a College Sample: A Survey Study," IJERPH, MDPI, vol. 18(11), pages 1-14, May.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Kajitani, Shinya, 2021. "The return of sleep," Economics & Human Biology, Elsevier, vol. 41(C).
    2. Sedigh, Golnaz & Devlin, Rose Anne & Grenier, Gilles & Deri Armstrong, Catherine, 2017. "Revisiting the relationship between wages and sleep duration: The role of insomnia," Economics & Human Biology, Elsevier, vol. 24(C), pages 125-139.
    3. Billari, Francesco C. & Giuntella, Osea & Stella, Luca, 2018. "Broadband internet, digital temptations, and sleep," Journal of Economic Behavior & Organization, Elsevier, vol. 153(C), pages 58-76.
    4. Joelle Abramowitz, 2016. "The connection between working hours and body mass index in the U.S.: a time use analysis," Review of Economics of the Household, Springer, vol. 14(1), pages 131-154, March.
    5. Han, Jeehoon & Meyer, Bruce D. & Sullivan, James X., 2020. "Inequality in the joint distribution of consumption and time use," Journal of Public Economics, Elsevier, vol. 191(C).
    6. Chadi, Cornelia, 2023. "Too stressed to sleep? Downsizing, job insecurity and sleep behavior," Economics & Human Biology, Elsevier, vol. 51(C).
    7. Joan Costa-Font & Sarah Flèche, 2018. "Child Sleep and Maternal Labour Market Outcomes [Discussion Paper Series]," Working Papers halshs-03204629, HAL.
    8. Naomi Friedman-Sokuler & Claudia Senik, 2023. "Time-Use and Subjective Well-Being: Is Diversity Really the Spice of Life?," Research in Labor Economics, in: Time Use in Economics, volume 51, pages 1-33, Emerald Group Publishing Limited.
    9. Alan T. Piper, 2016. "Sleep duration and life satisfaction," International Review of Economics, Springer;Happiness Economics and Interpersonal Relations (HEIRS), vol. 63(4), pages 305-325, December.
    10. Paul Niekamp, 2019. "Economic conditions and sleep," Health Economics, John Wiley & Sons, Ltd., vol. 28(3), pages 437-442, March.
    11. Costa-Font, Joan & Fleche, Sarah & Pagan, Ricardo, 2024. "The labour market returns to sleep," Journal of Health Economics, Elsevier, vol. 93(C).
    12. Mullins, Jamie T. & White, Corey, 2019. "Temperature and mental health: Evidence from the spectrum of mental health outcomes," Journal of Health Economics, Elsevier, vol. 68(C).
    13. Joan Costa-Font, 2022. "Incentivizing sleep?," World of Labour, LISER, pages 502-502, November.
    14. Costa-Font, Joan & Flèche, Sarah, 2020. "Child sleep and mother labour market outcomes," Journal of Health Economics, Elsevier, vol. 69(C).
    15. Hansen, G.D. & Ohanian, L.E., 2016. "Neoclassical Models in Macroeconomics," Handbook of Macroeconomics, in: J. B. Taylor & Harald Uhlig (ed.), Handbook of Macroeconomics, edition 1, volume 2, chapter 0, pages 2043-2130, Elsevier.
    16. Bishop, James, 2015. "No Rest for the Weary: Commuting, Hours Worked, and Sleep," MPRA Paper 62162, University Library of Munich, Germany.
    17. Costa-Font, Joan & Flèche, Sarah, 2017. "Parental sleep and employment: evidence from a British cohort study," LSE Research Online Documents on Economics 69530, London School of Economics and Political Science, LSE Library.
    18. Been, J.; & Suari-Andreu, E.; & Knoef, M.;, 2022. "The short-run effects of unexpected job loss on health," Health, Econometrics and Data Group (HEDG) Working Papers 22/21, HEDG, c/o Department of Economics, University of York.
    19. 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.
    20. Jara, Cristián & Pérez, Francisca & Wagner, Rodrigo, 2025. "Sleep hours fall as income rises: Macro and micro evidence on sleep inequality around the world," Economics & Human Biology, Elsevier, vol. 58(C).

    More about this item

    Keywords

    ;
    ;
    ;
    ;

    JEL classification:

    • E37 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Forecasting and Simulation: Models and Applications
    • E39 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Other
    • I19 - Health, Education, and Welfare - - Health - - - Other
    • J22 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Time Allocation and Labor Supply

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:dyncon:v:95:y:2018:i:c:p:19-36. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: http://www.elsevier.com/locate/jedc .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.