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Erscheinungsjahr: 
2019
Schriftenreihe/Nr.: 
CESifo Working Paper No. 7458
Verlag: 
Center for Economic Studies and ifo Institute (CESifo), Munich
Zusammenfassung: 
We use a laboratory experiment to identify the impact of risk in the private and public dimensions of social investments. In variants of a public good game, we separate the return a subject’s investment generates for herself vs. the return to others. We find a detrimental effect of risk on public good provision when returns in both dimensions are risky and positively correlated or independent. A negative correlation limits the downside risk and leads to more stable social investments. Disentangling the impact of risk in the two dimensions, we find that investments particularly respond to the risk in the public return dimension.
Schlagwörter: 
social investments
public goods
giving under risk
correlated risks
JEL: 
C91
D64
D81
H41
Dokumentart: 
Working Paper
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