Extending Becker's Time Allocation Theory to Model Continuous Time Blocks: Evidence from Daylight Saving Time
Most activities in life require a certain amount of continuous time. Yet, in the traditional economic model of time allocation, the time block is not taken into account. Hence, the same amount of utility is derived from an activity regardless of whether it is performed continuously over one time block or divided into n separated periods. This paper presents an extension of Becker's theory to model preferences over continuous time blocks. To examine whether the predictions of the model are supported by data, we exploit the extension of the 2007 U.S. Daylight Saving Time (DST) regulation which lengthens evening daylight while shortening the time block of morning daylight. Using the American Time Use Survey, we find that outdoor recreational activities significantly increase under DST, while indoor TV watching decreases. This translates into an approximate 10% increase in burnt calories. This paper concludes with policy recommendations concerning the future status of DST.
|Date of creation:||Aug 2012|
|Contact details of provider:|| Postal: IZA, P.O. Box 7240, D-53072 Bonn, Germany|
Phone: +49 228 3894 223
Fax: +49 228 3894 180
Web page: http://www.iza.org
|Order Information:|| Postal: IZA, Margard Ody, P.O. Box 7240, D-53072 Bonn, Germany|
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Matthew J. Kotchen & Laura E. Grant, 2011.
"Does Daylight Saving Time Save Energy? Evidence from a Natural Experiment in Indiana,"
The Review of Economics and Statistics,
MIT Press, vol. 93(4), pages 1172-1185, November.
- Matthew J. Kotchen & Laura E. Grant, 2008. "Does Daylight Saving Time Save Energy? Evidence from a Natural Experiment in Indiana," NBER Working Papers 14429, National Bureau of Economic Research, Inc.
- Raymond Palmquist & Daniel Phaneuf & V. Smith, 2010. "Short Run Constraints and the Increasing Marginal Value of Time in Recreation," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 46(1), pages 19-41, May.
- Raymond B. Palmquist & Daniel J. Phaneuf & V. Kerry Smith, 2009. "Short Run Constraints and the Increasing Marginal Value of Time in Recreation," NBER Working Papers 14986, National Bureau of Economic Research, Inc.
- Daniel S. Hamermesh & Caitlin Knowles Myers & Mark L. Pocock, 2008. "Cues for Timing and Coordination: Latitude, Letterman, and Longitude," Journal of Labor Economics, University of Chicago Press, vol. 26(2), pages 223-246, April.
- Jacobsen, Joyce P. & Kooreman, Peter, 2005. "Timing constraints and the allocation of time: The effects of changing shopping hours regulations in The Netherlands," European Economic Review, Elsevier, vol. 49(1), pages 9-27, January.
- Jacobsen, Joyce P. & Kooreman, Peter, 2004. "Timing Constraints and the Allocation of Time: The Effects of Changing Shopping Hours Regulations in the Netherlands," IZA Discussion Papers 1309, Institute for the Study of Labor (IZA).
- Kellogg, Ryan & Wolff, Hendrik, 2008. "Daylight time and energy: Evidence from an Australian experiment," Journal of Environmental Economics and Management, Elsevier, vol. 56(3), pages 207-220, November.
- Ai, Chunrong & Norton, Edward C., 2003. "Interaction terms in logit and probit models," Economics Letters, Elsevier, vol. 80(1), pages 123-129, July.
- Humphreys Brad R & Ruseski Jane E, 2011. "An Economic Analysis of Participation and Time Spent in Physical Activity," The B.E. Journal of Economic Analysis & Policy, De Gruyter, vol. 11(1), pages 1-38, August. Full references (including those not matched with items on IDEAS)