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Media Advisory 11-030

Holiday Stock-ings--An NSF Webcast

How buying gifts and personal satisfaction affect the world economy

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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