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Religion and economy: a comment

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  • Benno Torgler

    ()
    (Queensland University of Technology, CESifo, CREMA, NCER)

  • Christoph Schaltegger

    ()
    (University of St. Gallen, CREMA, ECONOMIESUISSE)

Abstract

McCleary and Barro (2006) analyse whether Max Weber was right in emphasizing the religious impact on work ethic. They find a positive correlation between belief in hell and work ethic (p=0.098). They conclude that “Weber may have been right in emphasizing the religion link with work ethic” (p. 71). However, they fail to explore link to Max Weber's work on Protestant ethic as they don't explore for denomination differences. Weber's hypothesis would suggest that we would mainly observe an effect for Protestantism. Using a similar data set we provide empirical evidence that indicates that the impact of religion on work ethic is affected by the level of Protestantism within a society. Thus, compared to McCleary and Barro's finding such a result is very much in line with Max Weber's link between religion and work ethic.

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Bibliographic Info

Article provided by AccessEcon in its journal Economics Bulletin.

Volume (Year): 29 (2009)
Issue (Month): 3 ()
Pages: 2227-2230

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Handle: RePEc:ebl:ecbull:eb-09-00171

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Keywords: RELIGION; WORK ETHIC; PROTESTANTISM;

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  1. Rafael LaPorta & Florencio Lopez-de-Silanes & Andrei Shleifer & Robert Vishny, . "The Quality of Government," Working Paper 19452, Harvard University OpenScholar.
  2. Sascha O. Becker & Ludger Woessmann, 2009. "Was Weber Wrong? A Human Capital Theory of Protestant Economic History," The Quarterly Journal of Economics, MIT Press, MIT Press, vol. 124(2), pages 531-596, May.
  3. Rachel M. McCleary & Robert J. Barro, 2006. "Religion and Economy," Journal of Economic Perspectives, American Economic Association, American Economic Association, vol. 20(2), pages 49-72, Spring.
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