A landmark study published in PNAS (Côté S, House J, Willer R, 2015, 112:15838–15843, doi:10.1073/pnas.1511536112) showed that higher income individuals are less generous than poorer individuals only if they reside in a U.S. state with comparatively large economic inequality. This finding...

For the first time in 2020, the Socio-Economic Panel (SOEP), an annual survey of private households, surveyed the donation behavior of a random sample of high net worth individuals that had been added in 2019. As a result of this sample, the volume of private donations increased from 9.7 to 10.3...

The permanent income hypothesis states that agents perfectly smooth consumption given a large, anticipated shock to income. Testing these implications is difficult given the endogenous nature of income and payment timing. We leverage exogenous variation in military bonus size and timing matched...