00:00:00
we studyed the effect of political
00:00:01
donations on charitable giving and the
00:00:03
effect of charitable donations on
00:00:05
political giving and we find that these
00:00:07
two forms of giving are substitutes a
00:00:10
dollar increase in political giving
00:00:13
results in about a 33 Cent decline in
00:00:16
charitable giving and a dollar increase
00:00:18
in charitable giving results in about a
00:00:20
42 Cent decline in political giving
00:00:24
these results are important because
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these days large amounts of donations
00:00:28
are going to politics
00:00:30
this might imply that charitable
00:00:32
organizations especially the ones that
00:00:34
are trying to help disaster victims
00:00:36
might see lower amounts of donations
00:00:39
going to them these days where we
00:00:41
unfortunately see some large disaster
00:00:43
events hitting different parts of the
00:00:44
country we might start to see some
00:00:46
declines in the money that's going into
00:00:49
politics and that may of course shape
00:00:51
the outcome of the elections that we
00:00:53
observe
