An Econometric Analysis Of Aging And Alumni/ae Altruism

While many have studied the motivations for altruism, this paper analyzes the link between aging and alumni/ae giving and, in particular, the changes in donations that are associated with retirement.  An econometric methodology is provided that can be used to predict changes in giving based on the aging process.  The empirical results, based on the giving of several classes of a small liberal arts college, demonstrate that giving variations (between classes) can be largely explained by age/retirement variables.  In addition, possible cohort effects are introduced by adding variables pertaining to the economic conditions for the year in which a class graduated.  It is found that starting out (graduating) in poor economic conditions will curtail giving throughout one’s life

Arizona "Sunbirds" vs. Minnesota "Snowbirds"

Presented at the Annual Meetings of the Gerontological Society of America, New Orleans, November, 1993.Supported, in part, by a grant from the All-University Council on Aging, Center for Urban and Regional Affairs, University of Minnesota

Bureau of Business and Economic Research Report

The date given (1988) is an educated guess, not a certainty

The Economic Value of Water Recreation in Minnesota

In recent years, increased demands for water for competing uses created a need for establishing a systematic water resource management policy. Knowledge of the value of benefits of water in its various uses is necessary for allocation decisions because this resource is in the public domain. This paper discusses several non-market methods of imputing the economic value of water, particularly recreational water use. Using Minnesota Department of Natural Resources (DNR) data, two alternative techniques for measuring value ~re evaluated and compared. These methods are used to provide empirical estimates of the recreational value that people place on Minnesota\u27s water resources. Minnesota has 1986 annual water-based recreational expenditures in excess of $862 million. In addition, over$377 million represents nonmarket benefits which might otherwise be ignored. Failure to consider the non-market benefits substantially undervalues the recreational use of water when comparing water\u27s value to industrial or agricultural uses. Finally, the 1mphcations of these estimates for water management policy are discussed