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Risk Aversion and Religion

Listed author(s):
  • Noussair, C.N.

    (Tilburg University, Center For Economic Research)

  • Trautmann, S.T.

    (Tilburg University, Center For Economic Research)

  • van de Kuilen, G.

    (Tilburg University, Center For Economic Research)

  • Vellekoop, N.

    (Tilburg University, Center For Economic Research)

Abstract: Using a dataset for a demographically representative sample of the Dutch population, containing a revealed preference risk attitude measure, as well as very detailed information about participants’ religious background, we study three issues raised in previous literature. First, we find strong confirmatory evidence that more religious people, as measured by church membership or attendance, are more risk averse. Second, we obtain some evidence that Protestants are more risk averse than Catholics. Third, our data suggest that the link between risk aversion and religion is driven by social aspects of church membership, rather than by religious beliefs themselves.

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File URL: https://pure.uvt.nl/portal/files/1443326/2012-073.pdf
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Paper provided by Tilburg University, Center for Economic Research in its series Discussion Paper with number 2012-073.

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Date of creation: 2012
Handle: RePEc:tiu:tiucen:b611b08c-0053-41df-82aa-c3724036c8ae
Contact details of provider: Web page: http://center.uvt.nl

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  17. Azzi, Corry & Ehrenberg, Ronald G, 1975. "Household Allocation of Time and Church Attendance," Journal of Political Economy, University of Chicago Press, vol. 83(1), pages 27-56, February.
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  20. Robert B. Barsky & F. Thomas Juster & Miles S. Kimball & Matthew D. Shapiro, 1997. "Preference Parameters and Behavioral Heterogeneity: An Experimental Approach in the Health and Retirement Study," The Quarterly Journal of Economics, Oxford University Press, vol. 112(2), pages 537-579.
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