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Christmas economics: A sleigh ride

Laura Birg and Anna Goeddeke

No 220, Center for European, Governance and Economic Development Research Discussion Papers from University of Goettingen, Department of Economics

Abstract: Do you believe that at Christmas time the gas prices, the economy and the number of suicides peak? Do you think that the value of presents you are giving to your beloved is of importance? We show in this paper that conventional wisdom about Christmas is often doubtful. Furthermore, we give an idea of how Santa Claus - and maybe you - is able to finance Christmas celebrations, why emergency departments are a place to especially avoid during this time of the year and why Christmas tree growers might care to explain the differences across species to you this year. We cannot clearly establish whether Christmas entails a welfare loss or gain, however, we give you an idea as to which institutional settings might reduce a potential welfare loss. Also, we give advice about which behaviours might get you more Christmas presents from Santa this year. Finally, we find that more research is needed to give conclusive reasons why Santa Claus actually brings presents to (nearly) everyone.

Keywords: christmas; Santa Claus; Rudolph the Red-Nosed Reindeer; elves; presents; welfare (search for similar items in EconPapers)
JEL-codes: A12 D1 D6 E3 H4 I1 Z1 (search for similar items in EconPapers)
Date: 2014
New Economics Papers: this item is included in nep-ene and nep-hpe
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https://www.econstor.eu/bitstream/10419/103883/1/804404429.pdf (application/pdf)

Related works:
Journal Article: CHRISTMAS ECONOMICS—A SLEIGH RIDE (2016) Downloads
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Persistent link: https://EconPapers.repec.org/RePEc:zbw:cegedp:220

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