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    Sleep and the management of alertness

    Asgeirsdottir, T. and Olafsson, S. and Zoega, Gylfi (2016) Sleep and the management of alertness. Mind & Society , ISSN 1593-7879.

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    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.

    Metadata

    Item Type: Article
    Keyword(s) / Subject(s): Alertness, sleep, efficiency
    School: Birkbeck Schools and Departments > School of Business, Economics & Informatics > Economics, Mathematics and Statistics
    Research Centre: Applied Macroeconomics, Birkbeck Centre for
    Depositing User: Gylfi Zoega
    Date Deposited: 25 May 2016 13:32
    Last Modified: 07 Dec 2016 14:54
    URI: http://eprints.bbk.ac.uk/id/eprint/15294

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