Although the relationship between religion and economic development on the macro-level has been investigated, it is … responsibility. Most of these factors matter for household financial decision-making, albeit to differing degrees. Using our religion …

during Ramadan and in big cities if the share of votes to religious-political parties increases, suggesting that religion …

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. …