Abstract
This paper examines whether involvement with religious organizations can help insure consumption and happiness. Using data from the Consumer Expenditure Survey (CEX), we find that households who contribute to a religious organization are better able to insure their consumption against income shocks. Using the National Survey of Families and Households (NSFH), we find that individuals who attend religious services are better able to insure their happiness against income shocks. Overall, our results suggest that religious organizations provide insurance though the form of this insurance may differ by race.
Original language | English (US) |
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Pages (from-to) | 259-279 |
Number of pages | 21 |
Journal | Journal of Public Economics |
Volume | 91 |
Issue number | 1-2 |
DOIs | |
State | Published - Feb 2007 |
Keywords
- Informal insurance
- Religion
- Social networks
ASJC Scopus subject areas
- Finance
- Economics and Econometrics