Charitable donations are more responsive to stock market booms than busts

John List and Yana Peysakhovich

Economics Letters, 2011, vol. 110, issue 2, 166-169

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.

Keywords: Charitable; giving; Private; provision; of; public; goods (search for similar items in EconPapers)
Date: 2011
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Citations: View citations in EconPapers (14)

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Working Paper: Charitable donations are more responsive to stock market booms than busts (2011)
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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:110:y:2011:i:2:p:166-169

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