Why Do the Rich Give Less?
What motivates people to give their money to charity? As a college student I have heard many of my peers say things like, “well if I had more money I would donate more to charity”, but is that the case for the rest of Americans? When it comes to giving, humans clearly stray away from the rational model. Charitable preferences are never stable, information is very rarely asymmetric, and utility differs depending on how the donation is given and perceived. One of the most surprising facts of charity in America is that the people who can afford to give the Continue reading Why Do the Rich Give Less?