Scroogenomics: why you shouldn’t buy presents for Christmas

In this audio from VoxEU.org, Joel Waldfogel of the University of Pennsylvania’s Wharton School talks to Romesh Vaitilingam about his new book, Scroogenomics. They discuss his measurements of the deadweight loss of Christmas gift giving over time and across countries, the motivations that people have for giving, and his ideas for encouraging charitable giving at the holidays.