The Economics of Altruism – The Old, the Rich, the Female

Voraprapa Nakavachara

No 62, PIER Discussion Papers from Puey Ungphakorn Institute for Economic Research

Abstract: This study examines whether certain observed characteristics are associated people's altruistic feelings and behaviors. The paper utilizes a National Mental Health Survey that gathered questions about respondents' self-reported altruism along with their demographic, labor force, and income information. The empirical results reveal that (1) older people are more altruistic; (2) higher income people are more altruistic; and (3) women are more altruistic. The results are robust once the potential endogeneity problem of the income variable is eliminated by the use of the instrumental variable estimation method.

Keywords: Behavioral Economics; Altruism; Old Age; Gender (search for similar items in EconPapers)
JEL-codes: D64 J16 J40 (search for similar items in EconPapers)
Pages: 15 pages
Date: 2017-07
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