Are the Rich More Selfish than the Poor, or Do They Just Have More Money? A Natural Field Experiment

James Andreoni, Nikos Nikiforakis () and Jan Stoop

No 23229, NBER Working Papers from National Bureau of Economic Research, Inc

Abstract: The growing concentration of resources among the rich has re-ignited a discussion about whether the rich are more selfish than others. While many recent studies show the rich behaving less pro-socially, endogeneity and selection problems prevent safe inferences about differences in social preferences. We present new evidence from a natural field experiment in which we “misdeliver” envelopes to rich and poor households in a Dutch city, varying their contents to identify motives for returning them. Our raw data indicate the rich behave more pro-socially. Controlling for pressures associated with poverty and the marginal utility of money, however, we find no difference in social preferences. The primary distinction between rich and poor is simply that the rich have more money.

JEL-codes: C93 D63 D64 (search for similar items in EconPapers)
Date: 2017-03
New Economics Papers: this item is included in nep-exp and nep-soc
Note: PE
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Citations: View citations in EconPapers (51)

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