Does government spending really crowd out charitable contributions?
Subtitle: new time series evidence
By: by Thomas A. Garrett and Russell M. Rhine.
Contributors: Rhine, Russell M.; Federal Reserve Bank of St. Louis.
Series: Working paper -- 2007-012A; Working paper (Federal Reserve Bank of St. Louis : Online) -- 2007-012A.
Publisher: Federal Reserve Bank of St. Louis
Published: 2007
Place of publication: [St. Louis, Mo.]
Language: eng
Format: Electronic resource
Description: "We exploit the time series properties of charitable giving data to provide additional insights into the crowding out of charitable contributions in response to government spending.  We find that the short-run and long-run government spending and charitable giving relationships are quite different - the long run relationship appears to be largely spurious, and estimates of the short-run relationship provide only weak evidence of crowding out.  We also find that system estimation can improve upon the efficiency of single equation models used in previous works.  Our results support the prestige theory of charitable giving and the rational ignorance of citizens"--Federal Reserve Bank of St. Louis web site.
Notes: Title from PDF file as viewed on 4/16/2007.

Includes bibliographical references.

Also available in print.

System requirements: Adobe Acrobat Reader.

Mode of access: World Wide Web.