Altruistic capital

Ashraf, Nava ORCID: 0000-0003-3014-8439 and Bandiera, Oriana ORCID: 0009-0002-6817-793X (2017) Altruistic capital. American Economic Review, 107 (5). pp. 70-75. ISSN 0002-8282

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Abstract

To understand altruistic behavior, we must understand the process through which altruism develops and is shaped by the agents' own choices and exogenous factors. We introduce the concept of altruistic capital, which grows with effort devoted to altruistic acts and facilitates future altruism. We illustrate its potential use in the context of banking and conclude by showing that returns to altruistic effort shape the agent's choices and are shaped by external events such as the financial crisis.

Item Type:	Article
Official URL:	https://www.aeaweb.org/journals/aer
Additional Information:	© 2017 American Economic Association
Divisions:	Economics
Subjects:	H Social Sciences > H Social Sciences (General) H Social Sciences > HC Economic History and Conditions
Date Deposited:	21 Jun 2017 14:17
Last Modified:	01 Nov 2024 05:30
URI:	http://eprints.lse.ac.uk/id/eprint/81953

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