Time is not money

Tore Ellingsen and Magnus Johannesson

No 663, SSE/EFI Working Paper Series in Economics and Finance from Stockholm School of Economics

Abstract: Casual observation suggests that people are more generous with their time than with their money. In this paper we present experimental evidence supporting the hypothesis. A third of our subjects demand no compensation for non-monetary investments, whereas almost all subjects demand compensation for equally costly monetary investments. The finding supports the contention that generosity to some extent is symbolic and context dependent, and that social norms encourage generosity in the time domain.

Keywords: Altruism; Bargaining; Non-monetary generosity (search for similar items in EconPapers)
JEL-codes: C91 J20 L14 Z13 (search for similar items in EconPapers)
Pages: 15 pages
Date: 2006-12-07
New Economics Papers: this item is included in nep-exp, nep-hpe, nep-mac and nep-soc
References: Add references at CitEc
Citations: View citations in EconPapers (2)

Downloads: (external link)
http://swopec.hhs.se/hastef/papers/hastef0663.pdf (application/pdf)

Related works:
Journal Article: Time is not money (2009)
Working Paper: Time Is Not Money (2009)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:hhs:hastef:0663

Access Statistics for this paper

More papers in SSE/EFI Working Paper Series in Economics and Finance from Stockholm School of Economics The Economic Research Institute, Stockholm School of Economics, P.O. Box 6501, 113 83 Stockholm, Sweden. Contact information at EDIRC.
Bibliographic data for series maintained by Helena Lundin ().