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The economics of sleeping

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Titill: The economics of sleepingThe economics of sleeping
Höfundur: Gylfi Zoëga 1963 ; Tinna Laufey Ásgeirsdóttir 1975
URI: http://hdl.handle.net/10802/5087
Útgefandi: Institute of Economic Studies
Útgáfa: 10.2008
Ritröð: Institute of Economic Studies., Working paper series ; W08:02
Efnisorð: Heilsuhagfræði; Svefn; Framleiðni; Mannauður
ISSN: 1011-8888
Tungumál: Enska
Tengd vefsíðuslóð: http://hhi.hi.is/sites/hhi.hi.is/files/W-series/2008/WP0802.pdf
Tegund: Skýrsla
Gegnir ID: 001315501
Útdráttur: Sleep is a source of energy. This energy is available in limited quantity and individuals must decide when it should be renewed and when it should be consumed. The economics of sleeping and the economics of resource extraction are one and the same. More specifically, utility maximization with respect to sleep satisfies Hotelling’s rule on the optimal utilization of natural resources. Several applications emerge from the analysis. These include the effects of labor-market opportunities on sleep patterns; the effect of having children; the consequences of the decreased division of labor within the household; and the relationship between sleep deprivation and obesity.


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