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http://ssrn.com/abstract=800125
 
 

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Insuring Consumption and Happiness through Religious Organizations


Rajeev H. Dehejia


New York University (NYU) - Robert F. Wagner Graduate School of Public Service; National Bureau of Economic Research (NBER); Institute for the Study of Labor (IZA); CESifo

Thomas DeLeire


Professor; National Bureau of Economic Research (NBER); Institute for the Study of Labor (IZA)

Erzo F. P. Luttmer


Dartmouth College; National Bureau of Economic Research (NBER); Institute for the Study of Labor (IZA)

August 2005

KSG Working Paper No. RWP05-047

Abstract:     
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.

Number of Pages in PDF File: 54

Keywords: Economics - Microeconomics, Welfare/Health Care/Social Policy

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Date posted: September 8, 2005  

Suggested Citation

Dehejia, Rajeev H. and DeLeire, Thomas and Luttmer, Erzo F. P., Insuring Consumption and Happiness through Religious Organizations (August 2005). KSG Working Paper No. RWP05-047. Available at SSRN: http://ssrn.com/abstract=800125 or http://dx.doi.org/10.2139/ssrn.800125

Contact Information

Rajeev H. Dehejia
New York University (NYU) - Robert F. Wagner Graduate School of Public Service ( email )
The Puck Building
295 Lafayette Street, Second Floor
New York, NY 10012
United States

National Bureau of Economic Research (NBER) ( email )
1050 Massachusetts Avenue
Cambridge, MA 02138
United States
Institute for the Study of Labor (IZA) ( email )
P.O. Box 7240
Bonn, D-53072
Germany

CESifo ( email )
Poschinger Str. 5
Munich, DE-81679
Germany

Thomas DeLeire
Professor ( email )
3600 N Street, NW Suite 200
Washington, DC 20057
United States
National Bureau of Economic Research (NBER) ( email )
1050 Massachusetts Avenue
Cambridge, MA 02138
United States
Institute for the Study of Labor (IZA)
P.O. Box 7240
Bonn, D-53072
Germany
Erzo F.P. Luttmer (Contact Author)
Dartmouth College ( email )
Hanover, NH 03755
United States
National Bureau of Economic Research (NBER)
1050 Massachusetts Avenue
Cambridge, MA 02138
United States
Institute for the Study of Labor (IZA)
P.O. Box 7240
Bonn, D-53072
Germany
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