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solved in a quasiexplicit form by computing both the optimal dividend and the optimal debt. Finally, we calibrate the model … particular, our results show that the optimal dividend is smooth over time and that leverage is predominantly constant over time …
Persistent link: https://www.econbiz.de/10013314671
Religious participation is much more widespread in the United States than in Europe, while Europeans tend to view sects more suspiciously than Americans. We propose an explanation for these patterns without assuming differences in preferences or market fundamentals. Religious markets may have...
Persistent link: https://www.econbiz.de/10010261227
In an economic theory of suicide, we model social cohesion of the religious community and religious beliefs about afterlife as two mechanisms by which Protestantism increases suicide propensity. We build a unique micro-regional dataset of 452 Prussian counties in 1816-21 and 1869-71, when...
Persistent link: https://www.econbiz.de/10010531760
We use four ways of the European Social Survey, covering 2000 to 2008, to analyze the effect of religion on happiness … the effects of belonging to an organized religion from the effect of holding religious beliefs, we find that the former … lowers happiness while the latter raises it. We interpret this as evidence that the tangible aspects of religion (such as …
Persistent link: https://www.econbiz.de/10011307097
The interplay between religion and the economy has occupied social scientists for long. We construct a unique panel of … doubt on causal interpretations of the religion-economy nexus in Prussian secularization. …
Persistent link: https://www.econbiz.de/10010291671
We analyze individual satisfaction with life as a whole and satisfaction with the personal financial situation for Israeli citizens of Jewish and Arab descent. Our data set is the Israeli Social Survey (2006). We are especially interested in the impact of the religions Judaism, Islam and...
Persistent link: https://www.econbiz.de/10010274729
We model the effect of Protestant vs. Catholic denomination in an economic theory of suicide, accounting for differences in religious-community integration, views about man's impact on God's grace, and the possibility of confessing sins. We test the theory using a unique micro-regional dataset...
Persistent link: https://www.econbiz.de/10010274786
I investigate empirically the role of religion and political institutions in policies against human trafficking, using … influence of religion on the overall 3P Anti-trafficking Policy Index is driven by protection and prevention policies. As … empirical findings regarding the association between religion, political institutions, and human development. …
Persistent link: https://www.econbiz.de/10010317039
In this paper, we examine and compare the impact of cultural differences on intergenerational altruism in Turkish people living in Turkey and in Germany, using the anthropological concept of worldview. Data were gathered from four surveys: nationwide surveys in Turkey and Germany, an online...
Persistent link: https://www.econbiz.de/10011657125
This paper surveys the recent social science literature on religion in economic history, covering both socioeconomic … causes and consequences of religion. Following the rapidly growing literature, it focuses on the three main monotheisms … facilitated a close historical interconnection of religion with political power and conflict. Second, human capital often played a …
Persistent link: https://www.econbiz.de/10012269435