Insuring consumption and happiness through religious organizations

• 成果类型: Article
• 署名作者: Dehejia, Rajeev; DeLeire, Thomas; Luttmer, Erzo F. P.
• 署名单位: Harvard University; Tufts University; National Bureau of Economic Research; Michigan State University; Congressional Budget Office
• 刊物名称: JOURNAL OF PUBLIC ECONOMICS
• ISSN/ISSBN: 0047-2727
• DOI: 10.1016/j.jpubeco.2006.05.004
• 发表日期: 2007
• 页码: 259-279
• 关键词: informal insurance; social networks; religion

摘要

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. (c) 2006 Elsevier B.V. All rights reserved.