Charitable donations are more responsive to stock market booms than busts

John A. List, Yana Peysakhovich

Research output: Contribution to journalArticleResearchpeer-review

22 Citations (Scopus)


This paper examines aggregate time series data on individual charitable donations from 1968 to 2007. We find that changes in individual giving show an asymmetric response to changes in the S&P 500: individuals are more responsive to stock market upturns than downturns.

Original languageEnglish
Pages (from-to)166-169
Number of pages4
JournalEconomics Letters
Issue number2
Publication statusPublished - Feb 2011
Externally publishedYes


  • Charitable giving
  • Private provision of public good

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