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Religious Capital and Religious Rewards: A Study in the Economics of Religious Life

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  • Sergej Flere

    () (University of Maribor, Slovenia)

Abstract

Religious life is studied by way suggested by the rational choice theory and the religious capital theory. The basic contentions of the theory on the nature of religious life having to do with an exchange upon a religious market, by firms offering compensators and rewards, and consumers, is considered. In the empirical analysis, it was validated that the independent (religious capital) and dependent (religious rewards of two types) were empirically separate constructs. Cross-sectional analysis of survey data indicated a very strong association between religious capital and institutional and ritual experience rewards within religious life, at a cross-cultural analysis, including Bosnian Muslims, Serbian Orthodox, Slovenian Catholics and US Protestants. The association was confirmed as robust at regression inspection with religious socialization. This extends further support for the empirical validity these novel theories of religious life and extensions of economic analysis into religious life

Suggested Citation

  • Sergej Flere, 2012. "Religious Capital and Religious Rewards: A Study in the Economics of Religious Life," Panoeconomicus, Savez ekonomista Vojvodine, Novi Sad, Serbia, vol. 59(1), pages 117-127, March.
  • Handle: RePEc:voj:journl:v:59:y:2012:i:1:p:117-127
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    References listed on IDEAS

    as
    1. Gary S. Becker, 1981. "A Treatise on the Family," NBER Books, National Bureau of Economic Research, Inc, number beck81-1, April.
    2. Pablo Brañas-Garza & Shoshana Neuman, 2006. "Intergenerational Transmission of 'Religious Capital': Evidence from Spain," Papers on Economics of Religion 06/02, Department of Economic Theory and Economic History of the University of Granada..
    Full references (including those not matched with items on IDEAS)

    More about this item

    Keywords

    Religious capital; Economics of religious life; Rational choice; Religious costs; Religious rewards;

    JEL classification:

    • D01 - Microeconomics - - General - - - Microeconomic Behavior: Underlying Principles
    • D03 - Microeconomics - - General - - - Behavioral Microeconomics: Underlying Principles
    • D43 - Microeconomics - - Market Structure, Pricing, and Design - - - Oligopoly and Other Forms of Market Imperfection

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