Publication: Acts of God and Government: Evidence for Charitable Crowd-Out from Natural Disasters and Government Spending
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2025-06-11
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Vatan, Aurash. 2023. Acts of God and Government: Evidence for Charitable Crowd-Out from Natural Disasters and Government Spending. Bachelors Thesis, Harvard University Engineering and Applied Sciences.
Abstract
Is the supply of charitable giving fixed? I explore this question in the context of natural disasters and President Biden’s announcement of student loan forgiveness, using data from the crowdfunding platform GoFundMe. I find that Biden's announcement induces short-run crowd-out of both fundraising for and donations to tuition-related causes. I also measure the charitable response to severe natural disasters, estimating a short-term donation substitution rate of 54% away from non-disaster fundraisers, and that this effect is driven largely by a decrease in fundraising for non-disaster causes in the immediate aftermath.
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Economics
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