School Start Time Conference - Session 10:
The Economic Impact of Later School Start Times
- Marco Hafner, MSc, MPhil
The Economic Impact of Later School Start Times - Marco Hafner, Research Leader, Cambridge Office, RAND Corporation
Marco Hafner begins by presenting the results on an econometric study he conducted at the RAND Corporation that estimated the economic impact of insufficient sleep on the economic output of five developed countries as quantified through the channels of reduced productivity, early mortality, and sub-optimal school performance prior to joining the labor force.
Mr. Hafner then summarizes the results of the next leg of his research in which he estimated macroeconomic models for 47 US states to calculate the economic benefit each state would derive, on a year-by-year basis, if it moved middle school and high school start times to 8:30am or later. The estimated aggregate benefit for the US economy amounts to $104 billion over 10 years. He concludes by presenting estimates of the benefit-to-cost ratios for each state over a range of cost estimates associated with changing school start times.
Marco Hafner, MSc, MPhil
Marco Hafner is a research leader at RAND Europe working on employment, education, and social policy research. He completed his doctoral studies in economics and applied econometrics and holds a master's degree in economics from the University of Zurich. Before joining RAND, he worked at the Institute for Employment Research (IAB), the research body connected to the German Employment Agency, and at the Centre for Research and Analysis of Migration (CReAM) at University College London. Mr. Hafner has particular expertise in data analysis and econometrics, having undertaken extensive quantitative research in the topics of labor and industrial economics. His broader research interests include topics in applied econometrics, health, industrial, labor, and international economics.