Philanthropy is one of the enduring areas of economic research. Why would people work hard only to give their earnings away? The paper explores the theoretical foundations, as well as the empirical and policy research on philanthropy. This paper reviews over 25 years worth of economic research, and points to the many challenging new questions that remain.
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ReDIF This chapter was published in: S. Kolm & Jean Mercier Ythier (ed.) , Elsevier, chapter 18, pages 1201-1269, 2006.
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