Jump to ContentJump to Main Navigation
Social EconomicsCurrent and Emerging Avenues$
Users without a subscription are not able to see the full content.

Joan Costa-Font and Mario Macis

Print publication date: 2017

Print ISBN-13: 9780262035651

Published to MIT Press Scholarship Online: September 2017

DOI: 10.7551/mitpress/9780262035651.001.0001

Show Summary Details
Page of

PRINTED FROM MIT PRESS SCHOLARSHIP ONLINE (www.mitpress.universitypressscholarship.com). (c) Copyright The MIT Press, 2021. All Rights Reserved. An individual user may print out a PDF of a single chapter of a monograph in MITSO for personal use.date: 26 September 2021

Why Give Away Your Wealth? An Analysis of the Billionaires’ View

Why Give Away Your Wealth? An Analysis of the Billionaires’ View

Chapter:
(p.61) 4 Why Give Away Your Wealth? An Analysis of the Billionaires’ View
Source:
Social Economics
Author(s):

Jana Sadeh

Mirco Tonin

Michael Vlassopoulos

Publisher:
The MIT Press
DOI:10.7551/mitpress/9780262035651.003.0004

We explore what motivates the philanthropic activity of extremely wealthy individuals and families. We focus on a recent large-scale philanthropic initiative by billionaires, the Giving Pledge, a commitment to donating half or more of one's wealth. We perform two pieces of analysis: first, we investigate what personal characteristics of billionaires are associated with becoming a pledger. Second, we undertake a textual analysis of the pledgers' letters describing their philanthropic outlook and classify their motivation into ten categories. We then correlate these motivational categories with various personal characteristics of the pledgers. The main insights obtained from our analysis is that pledgers are more likely to be self-made billionaires, and that their philanthropy is impact-driven.

Keywords:   Giving Pledge, Charitable giving, Philanthropy, Motivation, D64, D71, H41

MIT Press Scholarship Online requires a subscription or purchase to access the full text of books within the service. Public users can however freely search the site and view the abstracts and keywords for each book and chapter.

Please, subscribe or login to access full text content.

If you think you should have access to this title, please contact your librarian.

To troubleshoot, please check our FAQs, and if you can't find the answer there, please contact us.