Altruism and Impatience: The Role of Time Preferences in Donation Choices
Davide Dottori and
Caterina Giannetti
Review of Behavioral Economics, 2020, vol. 7, issue 4, 337–377
Abstract:
Relying on a quasi-experimental setting and a sample of Italian households, we study the role of time preferences on donation choices. Specifically, we apply the generalized propensity score methodology finding that both the amount and the probability of donating (i.e., altruism) vary non-monotonically with impatience in intertemporal choice, declining at higher levels of impatience. We then provide a theoretical model whose predictions are consistent, under fairly general conditions, with these empirical findings. Consistent with previous experimental evidence, these results support the view that psychological discounting matters for altruistic behaviour.
Keywords: Two-limit Tobit; generalized propensity score; quasi-experiment; altruism; discounting (search for similar items in EconPapers)
JEL-codes: C21 D03 D64 (search for similar items in EconPapers)
Date: 2020
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Persistent link: https://EconPapers.repec.org/RePEc:now:jnlrbe:105.00000128
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