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on Economics of Happiness |
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Issue of 2022‒11‒28
three papers chosen by |
| By: | Joan Costa-Font (IZA - Forschungsinstitut zur Zukunft der Arbeit - Institute of Labor Economics, LSE - LSE Health and Social Care - LSE - London School of Economics and Political Science); Sarah Fleche (CES - Centre d'économie de la Sorbonne - UP1 - Université Paris 1 Panthéon-Sorbonne - CNRS - Centre National de la Recherche Scientifique, CEP - LSE - Centre for Economic Performance - LSE - London School of Economics and Political Science); Ricardo Pagan (Universidad de Málaga [Málaga] = University of Málaga [Málaga]) |
| Abstract: | Daylight Saving Time (DST) is currently implemented by more than seventy countries, yet we do not have a clear knowledge of how it affects individuals' welfare. Using a regression discontinuity design combined with a differences-in-differences approach, we find that the Spring DST causes a significant decline in life satisfaction. By inducing a reallocation of time, the transition into DST deteriorates sleep and increases time stress, which in turn affects physical and emotional health. After performing a simple cost-benefit analysis, we find evidence suggestive that ending DST would exert a positive effect on welfare, namely the wellbeing costs associated with DST exceed its benefits. |
| Keywords: | Daylight Saving Time,wellbeing,health,sleep,time stress |
| Date: | 2021–07 |
| URL: | http://d.repec.org/n?u=RePEc:hal:wpaper:halshs-03835461&r=hap |
| By: | Naomi Friedman-Sokuler (Bar-Ilan University [Israël]); Claudia Senik (PSE - Paris School of Economics - UP1 - Université Paris 1 Panthéon-Sorbonne - ENS-PSL - École normale supérieure - Paris - PSL - Université Paris sciences et lettres - EHESS - École des hautes études en sciences sociales - ENPC - École des Ponts ParisTech - CNRS - Centre National de la Recherche Scientifique - INRAE - Institut National de Recherche pour l’Agriculture, l’Alimentation et l’Environnement, PJSE - Paris Jourdan Sciences Economiques - UP1 - Université Paris 1 Panthéon-Sorbonne - ENS-PSL - École normale supérieure - Paris - PSL - Université Paris sciences et lettres - EHESS - École des hautes études en sciences sociales - ENPC - École des Ponts ParisTech - CNRS - Centre National de la Recherche Scientifique - INRAE - Institut National de Recherche pour l’Agriculture, l’Alimentation et l’Environnement, SU - Sorbonne Université) |
| Abstract: | Using the American and the French time-use surveys, we examine whether people have a preference for a more diversified mix of activities, in the sense that, everything else equal, they experience a higher level of well-being when their agenda is multi-activity, rather than concentrated on a very small number of activities. This could be due to decreasing marginal utility, as is assumed for the consumption of goods, if each episode of time is conceived as yielding a certain level of utility per se. However, in the presence of returns to specialization, people would face a trade-off between the efficiency of specialization and the taste for diversity, as concerns time arrangements. We test these hypotheses and investigate potential gender differences with regard to these patterns. |
| Keywords: | Time allocation,Time-use diversity,Subjective well-being,Life satisfaction,Momentary utility,Gender Time allocation,Gender |
| Date: | 2022–10 |
| URL: | http://d.repec.org/n?u=RePEc:hal:wpaper:halshs-03828272&r=hap |
| By: | Teresa María García Muñoz (University of Granada, Departamento de Métodos Cuantitativos.); Juliette Milgram Baleix (Universidad de Granada, Departamento de Teoría e Historia Económica); Omar Odeh Odeh (Universidad de Granada, Departamento de Teoría e Historia Económica) |
| Abstract: | This study tests the effect of the palliative function of system justification beliefs on life satisfaction with both aversion and support for redistribution, in serial, as mediators among Europeans. We use 30900 observations for 27 countries from the ninth wave of the European Social Survey. Consistent with predictions, individuals, who have higher system justification, are less inequality adverse, exhibit lower support for redistributive policies, and have higher life satisfaction. Serial mediation analysis reveals a significant mediating effect of inequality aversion and support for redistribution in the sequential positive nexus between system justification and life satisfaction. We also investigate whether the palliative effect of system justification holds in more (un)equal societies and whether it holds (un)equally among various social groups. The results show a non-significant difference between unequal and equal countries regarding the palliative function. Using OLS regressions, we find that individuals with low social status benefit more from the palliative function than those with high social status, especially for those in more equal countries. |
| Keywords: | System Justification Theory, Subjective Well-Being, Aversion for Inequality, Palliative Function. |
| JEL: | D63 I3 |
| Date: | 2022–10–27 |
| URL: | http://d.repec.org/n?u=RePEc:gra:wpaper:22/15&r=hap |