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Can Religion Insure Against Aggregate Shocks to Happiness? The Case of Transition Countries

CERGE-EI Working Paper Series No. 425

53 Pages Posted: 31 Oct 2010  

Olga Popova

Institute for East and Southeast European Studies (IOS); Charles University in Prague - CERGE-EI (Center for Economic Research and Graduate Education - Economics Institute)

Date Written: October 1, 2010

Abstract

This paper focuses on the effects of reforms and religion on happiness in transition economies. Previous literature suggests that religiousness insures happiness against individual stressful life events, such as unemployment, disability, or marital separation. I estimate an econometric model to study if religion also insures against aggregate shocks to happiness, such as reforms and various changes in political, economic, and social life. The model accounts for the endogeneity of religion and analyzes the effects of religion on life satisfaction, and perceptions of the current economic and political situation in transition countries.

Keywords: happiness, life satisfaction, religion, reforms, transition

JEL Classification: C21, I31, P20, Z12

Suggested Citation

Popova, Olga, Can Religion Insure Against Aggregate Shocks to Happiness? The Case of Transition Countries (October 1, 2010). CERGE-EI Working Paper Series No. 425. Available at SSRN: https://ssrn.com/abstract=1699984 or http://dx.doi.org/10.2139/ssrn.1699984

Olga Popova (Contact Author)

Institute for East and Southeast European Studies (IOS) ( email )

Landshuter Str. 4
Regensburg, 93047
Germany

Charles University in Prague - CERGE-EI (Center for Economic Research and Graduate Education - Economics Institute) ( email )

P.O. Box 882
7 Politickych veznu
Prague 1, 111 21
Czech Republic

HOME PAGE: http://www.cerge-ei.cz

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