Altruistic capital

Nava Ashraf and Oriana Bandiera

LSE Research Online Documents on Economics from London School of Economics and Political Science, LSE Library

Abstract: To understand altruistic behavior, we must understand the process through which altruism develops and is shaped by the agents' own choices and exogenous factors. We introduce the concept of altruistic capital, which grows with effort devoted to altruistic acts and facilitates future altruism. We illustrate its potential use in the context of banking and conclude by showing that returns to altruistic effort shape the agent's choices and are shaped by external events such as the financial crisis.

JEL-codes: N0 (search for similar items in EconPapers)
Date: 2017-05-01
New Economics Papers: this item is included in nep-soc
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Citations: View citations in EconPapers (2)

Published in American Economic Review, 1, May, 2017, 107(5), pp. 70-75. ISSN: 0002-8282

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Related works:
Journal Article: Altruistic Capital (2017)
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Persistent link: https://EconPapers.repec.org/RePEc:ehl:lserod:81953

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