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Patience and Giving: Global Evidence Based on Longitudinal and Linguistic Data

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  • Azizbek Tokhirov

Abstract

Why do people engage in philanthropy? After merging aggregated Gallup World Poll data over the 2006 to 2022 period with data from the Global Preferences Survey, I demonstrate that, in countries with more patient populations, people are more likely to donate money, help a stranger, and volunteer their time. In within-country regressions based on the 1995-2022 European Values Study and World Values Survey data, I establish a positive link between saving behavior and charity membership. By employing the linguistic roots of post-industrial time preferences as an instrument, I verify that the effects of long-term orientation on giving can be interpreted as causal.

Suggested Citation

  • Azizbek Tokhirov, 2023. "Patience and Giving: Global Evidence Based on Longitudinal and Linguistic Data," CERGE-EI Working Papers wp771, The Center for Economic Research and Graduate Education - Economics Institute, Prague.
    • Handle: RePEc:cer:papers:wp771
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    References listed on IDEAS

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    More about this item

    Keywords

    charity; patience; philanthropy; saving; time preference;
    All these keywords.

    JEL classification:

    • D03 - Microeconomics - - General - - - Behavioral Microeconomics: Underlying Principles
    • D64 - Microeconomics - - Welfare Economics - - - Altruism; Philanthropy; Intergenerational Transfers

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