Patience and Giving: Global Evidence Based on Longitudinal and Linguistic Data

Azizbek Tokhirov

CERGE-EI Working Papers from The Center for Economic Research and Graduate Education - Economics Institute, Prague

Abstract: Why do people engage in philanthropy? After merging aggregated Gallup World Poll data over the 2006 to 2022 period with data from the Global Preferences Survey, I demonstrate that, in countries with more patient populations, people are more likely to donate money, help a stranger, and volunteer their time. In within-country regressions based on the 1995-2022 European Values Study and World Values Survey data, I establish a positive link between saving behavior and charity membership. By employing the linguistic roots of post-industrial time preferences as an instrument, I verify that the effects of long-term orientation on giving can be interpreted as causal.

Keywords: charity; patience; philanthropy; saving; time preference (search for similar items in EconPapers)
JEL-codes: D03 D64 (search for similar items in EconPapers)
Date: 2023-12
New Economics Papers: this item is included in nep-eur
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