Hey, I’m married to a banker. You shouldn’t generalize. It’s a mere 99% that give the rest a bad name.
The first column shows that the sun setting one hour later within a location reduces nighttime sleep by roughly 20 minutes per week. […] The second column shows that daily sunset time also affects earnings in a location. A sunset time one hour later reduces earnings by a significant 0.5%, on average.
Our analysis demonstrates that workers experiencing an earlier sunset get more sleep. […] In the short run the additional sleep largely comes at the expense of leisure, while in the long run it comes at the expense of both work and leisure. Insofar as these changes in other time uses impact worker productivity, our instrumental variables estimate of the effect of sleep on wages will also contain those effects. […]
We show that increasing short-run weekly average sleep in a location by one hour increases worker wages by 1%. Increasing long-run weekly average sleep in a location by one hour increases wages by 4.5%.
{ Time Use and the Labor Market: The Wage Returns to Sleep | PDF }
photo { Marton Perlaki }
