Abstract

http://ssrn.com/abstract=1681328
 
 

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Happiness and Financial Satisfaction in Israel: Effects of Religiosity, Ethnicity, and War


B.M.S. Van Praag


University of Amsterdam - Faculty of Economics and Business (FEB); Institute for the Study of Labor (IZA); Tinbergen Institute in Amsterdam; CESifo (Center for Economic Studies and Ifo Institute)

Dmitri Romanov


Government of the State of Israel - Israel Central Bureau of Statistics

Ada Ferrer-i-Carbonell


Institut d'Anàlisi Econòmica (IAE-CSIC), Barcelona

September 23, 2010

CESifo Working Paper Series No. 3181

Abstract:     
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 Christianity, where we are able to differentiate between individuals who vary in religiosity between secular and ultra–orthodox. We find a significant effect of religiosity on happiness. With respect to Jewish families it is most striking that the impact of family size on both life and financial satisfaction seems to vary with religiosity. This might be a reason for differentiation in family equivalence scales. For Arab families we did not find this effect. First-generation immigrants are less happy than second-generation immigrants, while there is no significant difference between second-generation families and native families. The effect of the Lebanon War is much less than expected.

Number of Pages in PDF File: 36

Keywords: happiness, subjective well-being, financial satisfaction, Israel, religion, immigration, terrorism

JEL Classification: H56, I31, N35, N45, R23, Z12

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Date posted: September 24, 2010  

Suggested Citation

van Praag, B.M.S. and Romanov, Dmitri and Ferrer-i-Carbonell, Ada, Happiness and Financial Satisfaction in Israel: Effects of Religiosity, Ethnicity, and War (September 23, 2010). CESifo Working Paper Series No. 3181. Available at SSRN: http://ssrn.com/abstract=1681328

Contact Information

Bernard Van Praag (Contact Author)
University of Amsterdam - Faculty of Economics and Business (FEB) ( email )
Roetersstraat 11
Amsterdam, 1018 WB
Netherlands
31 20 5256018 (Phone)
31 20 5256013 (Fax)
Institute for the Study of Labor (IZA)
P.O. Box 7240
Bonn, D-53072
Germany
Tinbergen Institute in Amsterdam
Gustav Mahlerplein 117
Amsterdam, 1082 MS
Netherlands
CESifo (Center for Economic Studies and Ifo Institute)
Poschinger Str. 5
Munich, DE-81679
Germany
Dmitri Romanov
Government of the State of Israel - Israel Central Bureau of Statistics ( email )
Israel
Ada Ferrer-i-Carbonell
Institut d'Anàlisi Econòmica (IAE-CSIC), Barcelona ( email )
Barcelona, Bellaterra 08193
Spain
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