Christmas economics: Challenging some common beliefs

Merry Xmas to ME visitors.

Laura Birg and Anna Goeddeke summarise the findings of economic research around X-mas. There are couple of beliefs around the festival:

  • Do you believe that prices peak during Christmas time?
  • Do you believe that the number of suicides peaks before Christmas?
  • Do you think that the monetary value of presents you are giving to your beloved is of importance?
  • Do you believe that at Christmas time the economy peaks?

Most of these beliefs are found wanting when tested empirically. For instance only prices that rise around xmas are stock prices and not really those of goods and services

 

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