Income Inequality Aversion and Private Charitable Contributions in Korea

Youngju Lee and Dooseok Jang

Global Economic Review, 2024, vol. 53, issue 4, 345-360

Abstract: We investigated the impact of income inequality aversion on private charitable donations. Income inequality aversion refers to preferences that emphasise concern over income disparities. In a dictator game with several dictators, we found that (1) income inequality aversion increases donations; (2) wealthy individuals weakly donate more than their middle-class counterparts if the degree of income inequality aversion is weakly aligned with income in descending order; and (3) donations decrease as the number of people increases. This theoretical result was empirically tested using data from 10 years of voluntary donations in Korea.

Date: 2024
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DOI: 10.1080/1226508X.2024.2448330

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