Effective altruists wish to do good while optimizing the social performance they deliver. We apply this principle to the labor market. We determine the optimal occupational choice of a socially motivated worker who has two mutually exclusive options: a job with a for-profit firm and a lower-paid...

We provide survey evidence that personal values have an impact on individual investment decisions, in particular the decision to invest socially responsible. Our findings show that there is a positive link between altruistic values and the relative importance of social responsibility. This...

Child labor is a widespread phenomenon and therefore is of interest to both researchers and policy makers. Various reasons for the existence of child labor have been proposed with the goal of designing appropriate solutions. While household poverty is viewed as the main reason for child labor,...

This paper presents a model of private provision of a public good where individuals in a group have altruistic preferences and care about the private and public good consumption of the other members of the group. I show that increasing the level of altruism increases the Nash level of the public...

This paper aims to contribute to the growing literature on crowding out/in effects of public transfers in Turkey. We estimate the effects of public transfers on the amount and likelihood of receiving private transfers. We find that individual-level public transfers lead to crowding out whereas...

Standard consumption utility is linked in time to a consumption event, whereas the timing of prosocial utility flows is ambiguous. Prosocial utility may depend on the actual utility consequences for others – it is consequence-dated – or it may be related to the act of giving and is thus...

Using the inclusive fitness framework (Hamilton, 1964), this paper models family firms. The structure on altruism imposed by the inclusive fitness framework ensures that increasing kinship reduces monitoring efficiency. Nevertheless, when incentive alignment determines management compensation,...

If the beneficiary of an altruist's gift can be expected to use this gift efficiently, then a pure altruist (one who cares about the beneficiary's utility level, but now how utility is obtained) should only give gifts of money. This is often interpreted to mean that any other type of gift is...

We investigate the effects of altruism on migrants' decisions to send money home and on their households' decisions to invest or to consume those remittances. Previous studies have devoted extensive attention to migrants' altruism toward recipients and little to recipients' altruism toward...

I compare the relative importance of inter-generational altruism and contemporaneous cooperation, in determining equilibrium climate policy, by imbedding an OLG framework with inter-generational altruism into a differential game between nations. The model uses new representations for the...