Abstract
We document a relationship between religiosity and financial risk-taking using geographical variation in Europe. We find that more religious households engage in less risk-taking, and the effect is more pronounced where Protestantism is more widespread than Catholicism. These results suggest that the content of religious doctrines rather than religiosity per se shape risk-taking. We confirm these results using an alternative European survey, evidence from China, and a lab experiment.
Published Version
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
