NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH
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Peter Koczanski

Department of Economics
Princeton University
Princeton, NJ 08544
United States

E-Mail: EmailAddress: hidden: you can email any NBER-related person as first underscore last at nber dot org
Institutional Affiliation: Princeton University

NBER Working Papers and Publications

May 2019Are Millennials Really So Selfish? Preliminary Evidence from the Philanthropy Panel Study
with Harvey S. Rosen: w25813
We use panel data on charitable donations to analyze how the philanthropic behavior of the Millennials (born between 1981 and 1996) compares to that of earlier generations. On the basis of a multivariate analysis with a rich set of economic and demographic variables, we find that conditional on making a gift, one cannot reject the hypothesis that the Millennials donate more than members of earlier generations. However, Millennials are somewhat less likely to make any donations at all than their generational predecessors. Our findings suggest a more nuanced view of the Millennials’ prosocial behavior than is suggested in popular accounts.
 
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