Long Tradition of Holiday Bonuses Likely To Continue

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Many sounds, sights and traditions have long been hallmarks of December…from decorating a Christmas tree to the singing of carols. And at least one seasonal tradition is specific to the workplace: the holiday bonus. But where did this tradition come from? And in our current economy, will it disappear?

Viviana Zelizer is a Professor of Sociology at Princeton University and author of the new book “Economic Lives: How Culture Shapes the Economy.” She shares some little-known history on the holiday bonus.

Louise Story, Wall Street and finance reporter for our partner The New York Times, also joins us with some hard numbers and predictions for the future.