Tag: gift giving
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Oh, You Shouldn’t Have. And Here’s Why
Business Week: Oh, You Shouldn't Have. And Here's Why Wharton School economist Joel Waldfogel has built something of a reputation as a Christmas killjoy. Starting with a 1993 article in the American Economic Review ("The Deadweight Loss of Christmas"), he has been rattling the chains of Yuletide gloom. Waldfogel says holiday spending is "a massive…