Abstract

https://ssrn.com/abstract=2588513
 


 



Using the Life Satisfaction Approach to Value Daylight Savings Time Transitions. Evidence from Britain and Germany


Daniel Kuehnle


University of Erlangen-Nuremberg-Friedrich Alexander Universität Erlangen Nürnberg

Christoph Wunder


University of Erlangen-Nuremberg-Friedrich Alexander Universität Erlangen Nürnberg - Department of Economics; University of Bamberg

March 2015

SOEPpaper No. 744

Abstract:     
Daylight savings time (DST) represents a public good with costs and benefits. We provide the first comprehensive examination of the welfare effects of the spring and autumn transitions for the UK and Germany. Using individual-level data and a regression discontinuity design, we estimate the effect of the transitions on life satisfaction. Our results show that individuals in both the UK and Germany experience deteriorations in life satisfaction in the first week after the spring transition. We find no effect of the autumn transition. We attribute the negative effect of the spring transition to the reduction in the time endowment and the process of adjusting to the disruption in circadian rhythms. The effects are particularly strong for individuals with young children in the household. We conclude that the higher the shadow price of time, the more difficult is adjustment. Presumably, an increase in flexibility to reallocate time could reduce the welfare loss for individuals with binding time constraints.

Number of Pages in PDF File: 51

Keywords: daylight savings time, life satisfaction, regression discontinuity, UK, Germany

JEL Classification: H41, I31


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Date posted: April 3, 2015  

Suggested Citation

Kuehnle, Daniel and Wunder, Christoph, Using the Life Satisfaction Approach to Value Daylight Savings Time Transitions. Evidence from Britain and Germany (March 2015). SOEPpaper No. 744. Available at SSRN: https://ssrn.com/abstract=2588513

Contact Information

Daniel Kuehnle (Contact Author)
University of Erlangen-Nuremberg-Friedrich Alexander Universität Erlangen Nürnberg ( email )
Lehrstuhl f. Statistik und emp. Wirtschaftsforschu
Lange Gasse 20
Nürnberg, 90403
Germany
+49-911-5302-256 (Phone)
Christoph Wunder
University of Erlangen-Nuremberg-Friedrich Alexander Universität Erlangen Nürnberg - Department of Economics ( email )
Lange Gasse 20
Nuernberg, D-90403
Germany
University of Bamberg ( email )
Feldkirchenstr. 21
Bamberg 96045
Germany
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