Generosity Across the Income and Wealth Distributions
Despite widespread interest, there is little systematic evidence on the relationship between income, wealth, and charitable giving. We use the Panel Study of Income Dynamics to provide descriptive statistics on this relationship. We find that, irrespective of specification, donative behavior increases with greater resources.
We are grateful for comments from Dan Hungerman, Judd Kessler, Benjamin M. Marx, Harvey Rosen, and Mark Wilhelm. Participants at the 2019 Science of Philanthropy Initiative Conference provided valuable feedback as well. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research.