Philanthropy is one of the enduring areas of economic research. Why would people work hard only to give their earnings away? The paper explores the theoretical foundations, as well as the empirical and policy research on philanthropy. This paper reviews over 25 years worth of economic research,...

We present controlled experimental evidence on how rent extraction by an administrator affects giving to non-profit associations. Holding the price of giving constant, we compare contributions between two conditions: a rent extraction condition, in which an administrator can expropriate a part...

This study aims to understand the diverse views and perceptions of philanthropy among the wealthy and their possible links with happiness. It is based on a qualitative approach. Some of our findings on the mindsets of the rich towards philanthropy and the use of wealth hold true in other...