Charitable donations are more responsive to stock market booms than busts

C-Tier

Journal: Economics Letters

Year: 2011

Volume: 110

Issue: 2

Pages: 166-169

Authors (2)

List, John A. (National Bureau of Economic Re...) Peysakhovich, Yana (not in RePEc)

Score contribution per author:

0.503 = (α=2.01 / 2 authors) × 0.5x C-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

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Abstract

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.

Charitable donations are more responsive to stock market booms than busts

Authors (2)

Abstract

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