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The Case of Income Redistribution: a Theory of Government and Private Provision of Collective Goods

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  • Susan Feigenbaum

    (Claremont Men's College)

Abstract

Private philanthropy has been viewed alternately as a substitute for and supple ment to government income redistribution activities. In either case, we might expect that changes in consumer preferences for giving would, ceteris paribus, shift the demand for both types of philanthropy simultaneously. Previous studies of each form of giving have typically concentrated on identifying the determinants of such giving within a single-equation model, ignoring the existence of an alternative institution for the provision of philanthropy How ever, as long as philanthropic preferences remain only partially captured by explanatory variables utilized to explain either form of giving, equations esti mated separately by ordinary least squares techniques will exhibit correlated disturbance terms Zellner has shown that a joint generalized least squares pro cedure will, in such a situation, generate a more efficient estimation than separate estimation of single-equation models for each form of phrlanthropy Therefore, the approach taken here is to analyze the two mechanisms for giving together, within the framework of a two-equation Zellner-Aitken system, uti lizing time-series data for the period 1929 to 1966.

Suggested Citation

  • Susan Feigenbaum, 1980. "The Case of Income Redistribution: a Theory of Government and Private Provision of Collective Goods," Public Finance Review, , vol. 8(1), pages 3-22, January.
    • Handle: RePEc:sae:pubfin:v:8:y:1980:i:1:p:3-22
    DOI: 10.1177/109114218000800101
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    References listed on IDEAS

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    1. Frank G. Dickinson, 1970. "The Changing Position of Philanthropy in the American Economy," NBER Books, National Bureau of Economic Research, Inc, number dick70-1, March.
    2. Schwartz, Robert A, 1970. "Personal Philanthropic Contributions," Journal of Political Economy, University of Chicago Press, vol. 78(6), pages 1264-1291, Nov.-Dec..
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    4. Lester C. Thurow, 1971. "The Income Distribution as a Pure Public Good," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 85(2), pages 327-336.
    5. Mueller, Dennis C, 1976. "Public Choice: A Survey," Journal of Economic Literature, American Economic Association, vol. 14(2), pages 395-433, June.
    6. Durbin, J, 1970. "Testing for Serial Correlation in Least-Squares Regression When Some of the Regressors are Lagged Dependent Variables," Econometrica, Econometric Society, vol. 38(3), pages 410-421, May.
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    Cited by:

    1. Arthur M. Diamond, 1999. "Does Federal Funding “Crowd In” Private Funding Of Science?," Contemporary Economic Policy, Western Economic Association International, vol. 17(4), pages 423-431, October.
    2. Benedetto GUI, 1987. "PRODUCTIVE PRIVATE NONPROFIT ORGANIZATIONS: A conceptual framework," Annals of Public and Cooperative Economics, Wiley Blackwell, vol. 58(4), pages 415-434, October.
    3. Anne E. Winkler, 1998. "State Experimentation With Time-Limited AFDC Benefits: What Differentiates Reform-Minded States From Others?," Public Finance Review, , vol. 26(2), pages 155-183, March.
    4. Arthur Diamond, 2006. "The relative success of private funders and government funders in funding important science," European Journal of Law and Economics, Springer, vol. 21(2), pages 149-161, April.
    5. Backus, Peter, 2010. "Is charity a homogeneous good?," Economic Research Papers 270773, University of Warwick - Department of Economics.
    6. Backus, Peter, 2010. "Is charity a homogeneous good?," The Warwick Economics Research Paper Series (TWERPS) 951, University of Warwick, Department of Economics.
    7. J R Wolch & R K Geiger, 1983. "The Distribution of Urban Voluntary Resources: An Exploratory Analysis," Environment and Planning A, , vol. 15(8), pages 1067-1082, August.

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