IDEAS home Printed from https://ideas.repec.org/a/mth/bmsmti/v13y2022i2p34-66.html
   My bibliography  Save this article

Sleep, Worker's Health, and Social Welfare

Author

Listed:
  • 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
    as

    Download full text from publisher

    File URL: https://www.macrothink.org/journal/index.php/bms/article/download/20070/15534
    Download Restriction: no
    File URL: https://www.macrothink.org/journal/index.php/bms/article/view/20070
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. 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.
    2. 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.
    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.
    Full references (including those not matched with items on IDEAS)

    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. Yoshida, Ken, 2021. "Sleep, Worker's Health, and Social Welfare," MPRA Paper 106573, University Library of Munich, Germany.
    2. Michael Grossman, 1999. "The Human Capital Model of the Demand for Health," NBER Working Papers 7078, National Bureau of Economic Research, Inc.
    3. Lurås, Hilde, 2009. "A healthy lifestyle: The product of opportunities and preferences," HERO Online Working Paper Series 2001:11, University of Oslo, Health Economics Research Programme.
    4. Soares, Rodrigo R., 2015. "Gary Becker’S Contributions In Health Economics," Journal of Demographic Economics, Cambridge University Press, vol. 81(1), pages 51-57, March.
    5. Bolin, Kristian & Caputo, Michael R., 2020. "Consumption and investment demand when health evolves stochastically," Journal of Economic Dynamics and Control, Elsevier, vol. 114(C).
    6. Nguyen, Cuong Viet & Nguyen, Manh-Hung & Nguyen, Toan Truong, 2022. "Climate Change, Cold Waves, Heat Waves, and Mortality: Evidence from a Lower Middle-Income Country," GLO Discussion Paper Series 1034, Global Labor Organization (GLO).
    7. Harris, Matthew & Kohn, Jennifer, 2015. "Reference dependent utility from health and the demand for medical care," MPRA Paper 61926, University Library of Munich, Germany.
    8. Gabriella Conti, 2013. "The Developmental Origins of Health Inequality," Research on Economic Inequality, in: Health and Inequality, volume 21, pages 285-309, Emerald Group Publishing Limited.
    9. Ousmane Traoré, 2020. "Economic Growth and Human Capital Accumulation across Countries: Evidence from WAEMU Region," International Advances in Economic Research, Springer;International Atlantic Economic Society, vol. 26(2), pages 147-159, May.
    10. Anna Rita Bennato & Monica Giulietti, 2019. "Patent policy regulation and public health," Economia e Politica Industriale: Journal of Industrial and Business Economics, Springer;Associazione Amici di Economia e Politica Industriale, vol. 46(4), pages 431-457, December.
    11. Hui Tang & Yun Chen & Rongjun Ao & Xue Shen & Guoning Shi, 2022. "Spatial–Temporal Characteristics and Driving Factors of the Coupling Coordination between Population Health and Economic Development in China," Sustainability, MDPI, vol. 14(17), pages 1-17, August.
    12. Hren Rok, 2012. "Theoretical shortcomings of the Grossman model," Bulletin: Economics, Organisation and Informatics in Healthcare, Sciendo, vol. 28(1), pages 63-75, January.
    13. Strulik, Holger, 2015. "Frailty, mortality, and the demand for medical care," The Journal of the Economics of Ageing, Elsevier, vol. 6(C), pages 5-12.
    14. Beni­tez-Silva, Hugo & Ni, Huan, 2008. "Health status and health dynamics in an empirical model of expected longevity," Journal of Health Economics, Elsevier, vol. 27(3), pages 564-584, May.
    15. Sidorenko, Alexandra, 2001. "Stochastic Model of Demand for Medical Care with Endogenous Labour Supply and Health Insurance," Departmental Working Papers 2001-08, The Australian National University, Arndt-Corden Department of Economics.
    16. Bolin, Kristian & Jacobson, Lena & Lindgren, Bjorn, 2002. "Employer investments in employee health: Implications for the family as health producer," Journal of Health Economics, Elsevier, vol. 21(4), pages 563-583, July.
    17. Nikos Benos & Stelios Karagiannis, 2010. "The Role of Human Capital in Economic Growth: Evidence from Greek Regions," Chapters, in: Neri Salvadori (ed.), Institutional and Social Dynamics of Growth and Distribution, chapter 7, Edward Elgar Publishing.
    18. Jacobson, Lena, 2000. "The family as producer of health -- an extended grossman model," Journal of Health Economics, Elsevier, vol. 19(5), pages 611-637, September.
    19. Bolin, Kristian & Lindgren, Björn, 2016. "Non-monotonic health behaviours – implications for individual health-related behaviour in a demand-for-health framework," Journal of Health Economics, Elsevier, vol. 50(C), pages 9-26.
    20. Galama, Titus & Kapteyn, Arie, 2011. "Grossman’s missing health threshold," Journal of Health Economics, Elsevier, vol. 30(5), pages 1044-1056.

    More about this item

    JEL classification:

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

    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:mth:bmsmti:v:13:y:2022:i:2:p:34-66. 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: Technical Support Office (email available below). General contact details of provider: http://www.macrothink.org/journal/index.php/bms .

    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.