What are the best Christmas gifts?
Here is my post from last year:
Experiences, not possessions. Concerts and travel are remembered for
longer than clothes and jewelry. The result is robust to different ages
and groups, but tends to be strongest for high-income individuals.
See the above link for references and more information. I was reminded of this post by scrolling through John Palmer’s new economics (and miscellany) blog, The Econoclast. Here is the web site for John’s group, the Philistine Liberation Organization. Here is John’s list of economics-related websites.