The hemline and the economy: is there any match?
AbstractUrban legend has it that the hemline is correlated with the economy. In times of decline, the hemline moves towards the floor (decreases), and when the economy is booming, skirts get shorter and the hemline increases. We collected monthly data on the hemline, for 1921-2009, and evaluate these against the NBER chronology of the economic cycle. The main finding is that the urban legend holds true but with a time lag of about three years. Hence, the current economic crisis predicts ankle length shirts around 2011 and 2012.
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Bibliographic InfoPaper provided by Erasmus University Rotterdam, Econometric Institute in its series Econometric Institute Report with number EI 2010-40.
Date of creation: 28 Jul 2010
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Web page: http://www.few.eur.nl/few
This paper has been announced in the following NEP Reports:
- NEP-ALL-2010-09-03 (All new papers)
- NEP-HPE-2010-09-03 (History & Philosophy of Economics)
- NEP-PKE-2010-09-03 (Post Keynesian Economics)
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Blog mentionsAs found by EconAcademics.org, the blog aggregator for Economics research:
- The hemline and the economy: is there any match?
by Nicholas Gruen in Club Troppo on 2010-09-12 08:37:45
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