Charitable donations are more responsive to stock market booms than busts

John A. List; Yana Peysakhovich

doi:10.1016/j.econlet.2010.10.016

Charitable donations are more responsive to stock market booms than busts

John A. List, Yana Peysakhovich

Research output: Contribution to journal › Article › Research › peer-review

22 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 language	English
Pages (from-to)	166-169
Number of pages	4
Journal	Economics Letters
Volume	110
Issue number	2
DOIs	https://doi.org/10.1016/j.econlet.2010.10.016
Publication status	Published - Feb 2011
Externally published	Yes

Keywords

Charitable giving
Private provision of public good

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10.1016/j.econlet.2010.10.016

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title = "Charitable donations are more responsive to stock market booms than busts",

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.",

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author = "List, {John A.} and Yana Peysakhovich",

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AU - List, John A.

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KW - Private provision of public good

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DO - 10.1016/j.econlet.2010.10.016

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VL - 110

SP - 166

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JO - Economics Letters

JF - Economics Letters

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Charitable donations are more responsive to stock market booms than busts

Abstract

Keywords

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