Literature DB >> 34139479

Crowdfunding as a response to COVID-19: Increasing inequities at a time of crisis.

Mark Igra1, Nora Kenworthy2, Cadence Luchsinger3, Jin-Kyu Jung4.   

Abstract

During the first seven months of the COVID-19 pandemic, more than 175,000 crowdfunding campaigns were established in the US for coronavirus-related needs using the platform GoFundMe. Though charitable crowdfunding has been popular in recent years, the widespread creation of COVID-19 related campaigns points to potential shifts in how the platform is being used, and the volume of needs users have brought to the site during a profound economic, social, and epidemiological crisis. This study offers a systematic examination of the scope and impacts of COVID-19 related crowdfunding in the early months of the pandemic and assesses how existing social and health inequities shaped crowdfunding use and outcomes. Using data collected from all US-based GoFundMe campaigns mentioning COVID or coronavirus, we used descriptive analysis and a series of negative binomial and linear models to assess the contributions of demographic factors and COVID-19 impacts to campaign creation and outcome. We find significant evidence of growing inequalities in outcomes for campaigners. We find that crowdfunding provides substantially higher benefits in wealthier counties with higher levels of education. People from these areas are more likely to initiate campaigns in response to adverse health and economic impacts of COVID-19, and they also receive more funding compared to people living in areas with lower income and education. Modeling also indicates differential outcomes based on the racial and ethnic composition of county population, though without more detail about who is creating and funding campaigns we cannot explain causality. A targeted qualitative analysis of the top earning COVID-19 campaigns offers further evidence of how user privilege and corporate practices contribute to highly unequal outcomes. Taken together, these findings demonstrate how a market-oriented digital technology used to respond to large-scale crisis can exacerbate inequalities and further benefit already privileged groups.
Copyright © 2021 Elsevier Ltd. All rights reserved.

Entities:  

Keywords:  COVID-19; Crisis; Crowdfunding; Health inequity; Social determinants of health

Year:  2021        PMID: 34139479     DOI: 10.1016/j.socscimed.2021.114105

Source DB:  PubMed          Journal:  Soc Sci Med        ISSN: 0277-9536            Impact factor:   4.634


  6 in total

1.  Doing 'our bit': Solidarity, inequality, and COVID-19 crowdfunding for the UK National Health Service.

Authors:  Ellen Stewart; Anna Nonhebel; Christian Möller; Kath Bassett
Journal:  Soc Sci Med       Date:  2022-07-11       Impact factor: 5.379

2.  COVID-19 Misinformation and Social Network Crowdfunding: Cross-sectional Study of Alternative Treatments and Antivaccine Mandates.

Authors:  Nathan M Shaw; Nizar Hakam; Jason Lui; Behzad Abbasi; Architha Sudhakar; Michael S Leapman; Benjamin N Breyer
Journal:  J Med Internet Res       Date:  2022-07-27       Impact factor: 7.076

3.  Crowdfunding for health research: a qualitative evidence synthesis and a pilot programme.

Authors:  Eneyi Edith Kpokiri; Clarisse Sri-Pathmanathan; Priyanka Shrestha; Sana Navaid; Teerawat Wiwatpanit; Asha Wijegunawardana; Mahmud Ali Umar; Debra Jackson; Jackeline Alger; Meghan A Bohren; Mia Hoole; Meredith Labarda; Noel Juban; Pascal Launois; Weiming Tang; Beatrice Halpaap; Joseph D Tucker
Journal:  BMJ Glob Health       Date:  2022-07

4.  Crowdfunding narratives and the valuation of vaccines for COVID-19.

Authors:  Jeremy Snyder; Maya J Goldenberg; Valorie A Crooks; Rachel Katz
Journal:  Vaccine       Date:  2022-08-03       Impact factor: 4.169

5.  An overview of Fintech applications to solve the puzzle of health care funding: state-of-the-art in medical crowdfunding.

Authors:  Laura Grassi; Simone Fantaccini
Journal:  Financ Innov       Date:  2022-09-19

6.  Does personality still matter in e-commerce? How perceived hubris influences the assessment of founders' trustworthiness using the example of reward-based crowdfunding.

Authors:  Janina Sundermeier; Tyge-F Kummer
Journal:  Electron Mark       Date:  2022-09-14
  6 in total

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