Journal ArticleDOI
Personal Philanthropic Contributions
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In this article, the authors integrate personal philanthropic activity into traditional utility theory, and determine the effects income and price have on tax-deductible giving, and find that charitable contributions might be an expression of truly philanthropic sentiments; on the other hand, a donor might be more interested in the goodwill a charitable act can gain for himself than in the benefits it might bring to others.Abstract:
This paper focuses upon the charitable donations of individuals Its purpose is to integrate personal philanthropic activity into traditional utility theory, and to determine the effects income and price have on taxdeductible giving We recognize that charitable contributions might be an expression of truly philanthropic sentiments; on the other hand, a donor might be more interested in the goodwill a charitable act can gain for himself than in the benefits it might bring to others Thus, the empirical analysis presented here is designed to illuminate the extent to which "philanthropic" behavior is truly influenced by the needs of others Recognition of charity's philanthropic orientation suggests several insights into consumer theory Economic man is no longer recognized as living in social isolation, where (as traditional presentation of utility theory might suggest) income allocation decisions are made with reference to solely personal needs and wants Part I presents the theoretical formulation which underlies the empirical analysis, Part II defines the variables and the regression model employed, and Part III examines the regression resultsread more
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A Theory of Social Interactions
TL;DR: In this paper, a general treatment of social interactions into the modern theory of consumer demand is presented, where various characteristics of different persons are assumed to affect the utility functions of some persons, and the behavioral implications are systematically explored.
Journal ArticleDOI
Motives for Private Income Transfers
TL;DR: This paper found that the majority of private income transfers occur inter vivos (i.e., between living persons), but very little is known about this type of transfer behavior, and two motives are considered: altruism and exchange.
Journal ArticleDOI
A Literature Review of Empirical Studies of Philanthropy: Eight Mechanisms That Drive Charitable Giving
René Bekkers,Pamala Wiepking +1 more
TL;DR: This article presented an overview of the academic literature on charitable giving based on a literature review of more than 500 articles and identified eight mechanisms as the most important forces that drive charitable giving: (a) awareness of need; (b) solicitation; (c) costs and benefits; (d) altruism; (e) reputation; (f) psychological benefits, (g) values; (h) efficacy.
Journal ArticleDOI
Privately provided public goods in a large economy: The limits of altruism
TL;DR: In particular, as the size of the economy grows, the fraction contributing to the public good diminishes to zero as mentioned in this paper, which leads to a very limited model with little, if any, predictive power.
Journal ArticleDOI
Gift Giving in Anthropological Perspective
TL;DR: A model of the gift exchange process intended to stimulate comprehensive research on gift-giving behavior is presented in this article, where the authors tempering traditional consumer research with an anthropological perspective, their understanding of gift exchange can be enriched.
References
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A theory of the consumption function
TL;DR: Friedman as discussed by the authors proposed a new theory of the consumption function, tested it against extensive statistical J material and suggests some of its significant implications, including the sharp distinction between two concepts of income, measured income, or that which is recorded for a particular period, and permanent income, a longer-period concept in terms of which consumers decide how much to spend and how much they save.
Posted Content
The Economics of Discrimination
TL;DR: The second edition of The Economics of Discrimination has been expanded to include three further discussions of the problem and an entirely new introduction which considers the contributions made by others in recent years and some of the more important problems remaining as discussed by the authors.
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Corporate philanthropic contributions
TL;DR: In this paper, the authors present an analysis of a special form of resource allocation, corporate philanthropic contributions, and show the magnitude of these funds and their size relative to, respectively, net profits, disposable income, and gross national product for six years extending from 1936 through 1960.
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The individual income tax
TL;DR: In this article, the authors evaluate the current federal taxation system, studying its effects upon the American economic structure as well as the financial well-being of the individual, and propose a tax reform scheme to improve the tax system.
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One Economist's View of Philanthropy
TL;DR: A broad view of philanthropy can be found in this paper, where the authors look at the entire social organization, to consider its moral as well as its economic roots, and to ask how society has responded to the stresses of technological and other change.