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• W3124401521 abstract "This paper studies charity contributions and wealth accumulation by extending the capitalist-spirit model to consider the social-status implications of charity and wealth in Becker (1974a, 1974b, 1976), Cole, Mailath and Postlewaite (1992), and Fershtman and Weiss (1993). In this new model, a representative agent derives utility from both consumption and social status, with the latter determined by his wealth and charity donation. This dynamic, general equilibrium framework enables us not only to re-examine many issues such as tax policy and charity contributions (Clotfelter, 1985), and the crowding-out effect of government support (Kingma, 1989), but also to study the dynamics of charity donation and wealth accumulation. Above all, I intend to answer the following question: if a society tends to be more altruistic, or if the social status is determined more by charity contributions than by wealth, will capital accumulation be reduced and charity donation be increased in the long-run? (This abstract was borrowed from another version of this item.)" @default.
• W3124401521 created "2021-02-01" @default.
• W3124401521 creator A5004483876 @default.
• W3124401521 date "1993-01-01" @default.
• W3124401521 modified "2023-09-27" @default.
• W3124401521 title "Charity, The Spirit of Capitalism and Wealth Accumulation" @default.
• W3124401521 hasPublicationYear "1993" @default.
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