Where would our economy be without gift-giving holidays? (JY)
Holidays serve to make consumption "spiky" around certain defined, shared times of the year to give gifts, rather than smooth throughout the year. But do they make overall consumption higher? Would we give as much throughout the year naturally if holidays did not exist and we were not told when to give?
San Francisco, CA - 2006 | Free | Taylor Davidson | Print size: available up to 16" by 20"