Holiday Stock-ings--An NSF Webcast
How buying gifts and personal satisfaction affect the world economy
The United States is said to be the greatest economic engine in modern times. "When America sneezes, the rest of the world catches a cold," goes the popular axiom. But how does U.S. holiday spending--thought to be an enormous economic activity--compare to other countries?
Is spending money on gifts that sprout plants resembling hair or sweaters that spontaneously sing Elvis songs really an economic boon, particularly in an increasingly interdependent world in which one international market affects another?
Join renowned economist Joel Waldfogel for a National Science Foundation-sponsored, media-focused webcast, "Holiday Stock-ings: How buying gifts and personal satisfaction affect the world economy," next Tuesday at 11 a.m. EST. Waldfogel, the Frederick R. Kappel Professor of Applied Economics at the University of Minnesota and the author of "Scroogenomics: Why You Shouldn't Buy Presents for the Holidays," discusses the role of U.S. holiday spending in overall economic outcomes and in personal satisfaction.
Join Joel Waldfogel for his well-researched and unique look at the economic and personal outcomes of gift giving during the holiday season.
Media are encouraged to direct questions before and during the webcast to firstname.lastname@example.org.
The National Science Foundation (NSF) is an independent federal agency that supports fundamental research and education across all fields of science and engineering. In fiscal year (FY) 2016, its budget is $7.5 billion. NSF funds reach all 50 states through grants to nearly 2,000 colleges, universities and other institutions. Each year, NSF receives more than 48,000 competitive proposals for funding and makes about 12,000 new funding awards. NSF also awards about $626 million in professional and service contracts yearly.
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