Charitable donations are more responsive to stock market booms than busts

This paper examines aggregate time series data on individual charitable donations from 1968 to 2007. We find that changes in individual giving show an asymmetric response to changes in the S&P 500: individuals are more responsive to stock market upturns than downturns.

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Year of publication:	2011
Authors:	List, John A. ; Peysakhovich, Yana
Published in:	Economics Letters. - Elsevier, ISSN 0165-1765. - Vol. 110.2011, 2, p. 166-169
Publisher:	Elsevier
Keywords:	Charitable giving Private provision of public goods

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Type of publication:	Article
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10008866835