Email Print Share

All Images


Media Advisory 11-030

Holiday Stock-ings--An NSF Webcast

How buying gifts and personal satisfaction affect the world economy

This material is available primarily for archival purposes. Telephone numbers or other contact information may be out of date; please see current contact information at media contacts.

Illustration of an elderly man with a top hat holding a Christmas stocking filled with cash.

Is spending by U.S. holiday shoppers on gifts that sprout plants resembling hair or sweaters that spontaneously sing Elvis songs really a world economic boon? Joel Waldfogel, the Frederick R. Kappel Professor of Applied Economics at the University of Minnesota, takes a unique look at the economic and personal outcomes of gift giving in a National Science Foundation-sponsored webcast.

Credit: © 2011 Jupiter Images Corporation