"And forgive US our debts" : Do Christian moralities influence over-indebtedness of individuals? / Iftekhar Hasan, Konstantin Kiesel, Felix Noth
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"And forgive US our debts"
Discovery
1662339747
URN
urn:nbn:de:gbv:3:2-107510
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Publication history
Halle (Saale), Germany : Halle Institute for Economic Research (IWH) - Member of the Leibniz Association, [2019]
Content
1 Online-Ressource (III, 42 Seiten, 1,05 MB) : Illustration, Diagramme, Karten
Edition
Language
eng
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Abstract
This paper analyses whether Christian moralities and rules formed differently by Catholics and Protestants impact the likelihood of households to become overindebted. We find that over-indebtedness is lower in regions in which Catholics outweigh Protestants, indicating that Catholics' forgiveness culture and a stricter enforcement of rules by Protestants serve as explanations for our results. Our results provide evidence that religion affects the financial situations of individuals and show that even 500 years after the split between Catholics and Protestants, the differences in the mind-sets of both denominations play an important role for situations of severe financial conditions.
Series
IWH-Diskussionspapiere ; 2019, no. 8 (March 2019) ppn:837399270