Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/56132
Authors: 
Ellingsen, Tore
Johannesson, Magnus
Year of Publication: 
2007
Series/Report no.: 
SSE/EFI Working Paper Series in Economics and Finance 663
Abstract: 
Casual observation suggests that people are more generous with their time than with their money. In this paper we present experimental evidence supporting the hypothesis. A third of our subjects demand no compensation for non-monetary investments, whereas almost all subjects demand compensation for equally costly monetary investments. The finding supports the contention that generosity to some extent is symbolic and context dependent, and that social norms encourage generosity in the time domain.
Subjects: 
Altruism
Bargaining
Non-monetary generosity
JEL: 
C91
J20
L14
Z13
Document Type: 
Working Paper

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