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Time-Inconsistent Charitable Giving / James Andreoni, Marta Serra-Garcia.
- Format:
- Book
- Author/Creator:
- Andreoni, James.
- Series:
- Working Paper Series (National Bureau of Economic Research) no. w22824.
- NBER working paper series no. w22824
- Language:
- English
- Physical Description:
- 1 online resource: illustrations (black and white);
- Place of Publication:
- Cambridge, Mass. National Bureau of Economic Research 2016.
- Summary:
- We motivate this paper with a puzzle. When we asked subjects to give five dollars to charity today, about 30 percent agree, but when the donation would instead be paid in one week, giving increases by 50 percent. The puzzle is that received models of self-control cannot explain this time-inconsistent charitable giving. This suggests a new approach is needed for intertemporal pro-sociality. We present one solution to the puzzle in a theoretical model and two new experiments. Our explanation relies on the rich dynamics of warm glow, and specifically image concerns, in prosocial behavior.
- Notes:
- Print version record
- November 2016.
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