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Motives to give in economics and psychology: A step toward unification.

Authors :
Ottoni-Wilhelm, Mark
Vesterlund, Lise
Source :
Journal of Economic Behavior & Organization. Dec2023, Vol. 216, p354-365. 12p.
Publication Year :
2023

Abstract

Parallel literatures in economics and psychology investigate why people voluntarily help others in need. Economics has investigated an other-regarding motive (altruism) and a self-regarding motive (warm-glow) and has used choice-based observations for inference. Psychology has similarly examined other- and self-regarding motives and has developed survey-based measurements to assess corresponding measures of empathic concern and a moral principle of care. This paper explores whether and how elicitation of charitable motives from economics relate to measurements from psychology. We find that when making donations to others in need, individuals with stronger empathic concern dispositions are more altruistic/other-regarding. Also, those who more strongly endorse a moral principle of care are more motivated by warm-glow/self-regard. The results connect two literatures, offer novel evidence from economics about theories developed in psychology, and demonstrate that well-developed survey questions from psychology can be predictive of the choice-based inference on altruistic and warm-glow motivations from economics. [ABSTRACT FROM AUTHOR]

Details

Language :
English
ISSN :
01672681
Volume :
216
Database :
Academic Search Index
Journal :
Journal of Economic Behavior & Organization
Publication Type :
Academic Journal
Accession number :
173859440
Full Text :
https://doi.org/10.1016/j.jebo.2023.09.018