Economics Social Network

A social network for economists in the academia and the business world.

THE DEADWEIGHT LOSS OF CHRISTMAS (By Joel Waldfogel. Yale University)

When economists comment on holiday gift-giving, it is usually to condone the healthy effect of spending on the macroeconomy. However, an important feature of gift-giving is that consumption choices are made by someone other than the final consumer. A pontentially important microeconomic aspect of gift-giving is that gifts may be mismatched with the recipients´ preferences. This paper gives estimates of the deadweight loss of holiday gift-giving based on surveys given to Yale undergraduates. I find that holiday gift-giving destroys between 10% and third of the value of gifts.. PARA ACCEDER AL PAPER DAR CLIC AQUÍ --> .christmas_waldfogel.pdf

Views: 204


You need to be a member of Economics Social Network to add comments!

Join Economics Social Network

© 2023   Created by Dr. T.   Powered by

Report an Issue  |  Terms of Service