Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/273254 
Title: 
Year of Publication: 
2008
Series/Report no.: 
Working Paper Series No. W08:02
Publisher: 
University of Iceland, Institute of Economic Studies (IoES), Reykjavik
Abstract: 
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.
Subjects: 
Sleep
productivity
children
health
human capital
JEL: 
D11
D13
I12
J12
J13
J22
J24
Q20
Document Type: 
Working Paper

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