Welcome to Daylight Savings Time; Or Not!

by Jeffrey Miron on March 14th, 2010
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The main argument for DST is that it saves energy, yet evidence for this claim is scant or contradictory. In addition, DST generates “adjustment costs” such as airlines needing to modify their schedules twice a year.

An alternative argument for DST would be that most people likes having evening daylight in the summer, yet private arrangements cannot coordinate on this “equilibrium.” Perhaps. But even this benefit comes at a cost (morning dog-walks in the dark), and who knows whether the benefit of the different equilibirum outweigh DST’s costs.

Personally, I hate the lost hour of sleep in spring much more than I enjoy the gained hour in the fall!

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Copyright 2010 Jeffrey Miron  |  Created by Brian D. Aitken
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