Charitable donations are more responsive to stock market booms than busts

John A. List, Yana Peysakhovich

Research output: Contribution to journalArticleResearchpeer-review

14 Citations (Scopus)

Abstract

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
Volume110
Issue number2
DOIs
Publication statusPublished - Feb 2011
Externally publishedYes

Keywords

  • Charitable giving
  • Private provision of public good

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