Are Millennials Really so Selfish? Preliminary Evidence from the Philanthropy Panel Study

29 Pages Posted: 7 May 2019

See all articles by Peter Koczanski

Peter Koczanski

Princeton University

Harvey S. Rosen

Princeton University - Department of Economics; National Bureau of Economic Research (NBER); CESifo (Center for Economic Studies and Ifo Institute)

Date Written: May 2019

Abstract

We use panel data on charitable donations to analyze how the philanthropic behavior of the Millennials (born between 1981 and 1996) compares to that of earlier generations. On the basis of a multivariate analysis with a rich set of economic and demographic variables, we find that conditional on making a gift, one cannot reject the hypothesis that the Millennials donate more than members of earlier generations. However, Millennials are somewhat less likely to make any donations at all than their generational predecessors. Our findings suggest a more nuanced view of the Millennials’ prosocial behavior than is suggested in popular accounts.

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Suggested Citation

Koczanski, Peter and Rosen, Harvey S., Are Millennials Really so Selfish? Preliminary Evidence from the Philanthropy Panel Study (May 2019). NBER Working Paper No. w25813. Available at SSRN: https://ssrn.com/abstract=3383312

Peter Koczanski (Contact Author)

Princeton University

Harvey S. Rosen

Princeton University - Department of Economics ( email )

001 Fisher Hall
Princeton, NJ 08544
United States

National Bureau of Economic Research (NBER)

1050 Massachusetts Avenue
Cambridge, MA 02138
United States

CESifo (Center for Economic Studies and Ifo Institute)

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Munich, DE-81679
Germany

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