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Insuring consumption and happiness through religious organizations / Rajeev Dehejia, Thomas DeLeire, Erzo F.P. Luttmer

Author
Dehejia, Rajeev H. (Rajeev Harsha)
Published
Cambridge, Mass. : National Bureau of Economic Research, [2005]
Copyright Date
©2005
Physical Description
36 pages, 16 unnumbered pages ; 22 cm.
Additional Creators
DeLeire, Thomas C., Luttmer, Erzo F. P., and National Bureau of Economic Research
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Summary
"This paper examines whether involvement with religious organizations insures an individual's stream of consumption and of happiness. Using data from the Consumer Expenditure Survey (CEX), we examine whether households who contribute to a religious organization are able to insure their consumption stream against income shocks and find strong insurance effects for whites. Using the National Survey of Families and Households (NSFH), we examine whether individuals who attend religious services are able to insure their stream of happiness against income shocks and find strong happiness insurance effects for blacks but smaller effects for whites. Overall, our results are consistent with the view that religion provides an alternative form of insurance for both whites and blacks though the mechanism by which religious organizations provide insurance to each of these groups appears to be different"--National Bureau of Economic Research web site.
Subject(s)
Note
"August 2005."
Bibliography Note
Includes bibliographical references (pages 33-36).
Other Forms
Also available in PDF from the NBER world wide web site (www.nber.org).
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