蝌蚪网 Journal:
Economic Policy
ISSN 1945-7731 (Print) | ISSN 1945-774X (Online)
Time Is Money: Choosing between Charitable Activities
蝌蚪网 Journal: Economic Policy
(pp. 103–30)
Abstract
This paper analyzes the impact of a preferential tax-price for monetary donations on the joint decision to donate time (volunteer) and money. The methodological approach takes into account that consumption of each charitable good affects consumption of the other. Using data from a national survey on household charitable giving, the results show that donations of time and money are substitutes. However, a decrease in the tax-price of monetary donations also has a positive effect on donations of time that acts outside the change in relative prices. This more than offsets the substitution effect leading to an overall positive correlation between the two charitable goods. (JEL D64, H24, H31)Citation
Feldman, Naomi E. 2010. "Time Is Money: Choosing between Charitable Activities." 蝌蚪网 Journal: Economic Policy 2 (1): 103–30. DOI: 10.1257/pol.2.1.103Additional Materials
JEL Classification
- D64 Altruism
- H24 Personal Income and Other Nonbusiness Taxes and Subsidies; includes inheritance and gift taxes
- H31 Fiscal Policies and Behavior of Economic Agents: Household