We examine the impact of the Great Recession on charitable giving. We find sharp declines in overall donative behavior that is not accounted for by shocks to income or wealth. These results suggest that overall attitudes towards giving changed over this time period

We examine the impact of the Great Recession on charitable giving. We find sharp declines in overall donative behavior that is not accounted for by shocks to income or wealth. These results suggest that overall attitudes towards giving changed over this time period

Over two years after the fall of Lehman Brothers, the financial and economic crises have taken a heavy tool on public welfare, wiping out the positive effects of decades of nonprofit work. Unlike other sectors, international finance thrives not only due to poor governmental oversight mechanisms,...