How Gender and Risk Preferences Influence Charitable Giving: Experimental Evidence

CEGE Discussion Paper No. 264

17 Pages Posted: 1 Nov 2015 Last revised: 21 Mar 2016

See all articles by Stephan Müller

Stephan Müller

University of Goettingen (Göttingen)

Holger Andreas Rau

University of Goettingen (Göttingen)

Date Written: March 21, 2016

Abstract

This paper experimentally investigates the determinants of charitable giving. It focuses on the joint analysis of two prominent gender differences, i.e., disparities in dictator giving and risk taking. In a within-subjects experiment, we test the impact of risk preferences on donations. The data find that women donate more and behave more risk-averse than men. Crucially, women show an economically significant positive correlation between risk tolerance and donations. By contrast, no such correlation is found for men. Men and relative risk-averse women give the same. Our findings suggest that risk preferences may help explaining common gender differences in charitable giving.

Keywords: Dictator Game, Experiment, Gender Differences, Risk Preferences

JEL Classification: C91, D64, D81, J16

Suggested Citation

Müller, Stephan and Rau, Holger Andreas, How Gender and Risk Preferences Influence Charitable Giving: Experimental Evidence (March 21, 2016). CEGE Discussion Paper No. 264, Available at SSRN: https://ssrn.com/abstract=2684032 or http://dx.doi.org/10.2139/ssrn.2684032

Stephan Müller (Contact Author)

University of Goettingen (Göttingen) ( email )

Platz der Gottinger Sieben 3
Gottingen, D-37073
Germany

Holger Andreas Rau

University of Goettingen (Göttingen) ( email )

Platz der Gottinger Sieben 3
Gottingen, D-37073
Germany

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