Religion and household saving behavior

IF 4.3 2区经济学 Q1 BUSINESS, FINANCE

Journal of Behavioral and Experimental Finance Pub Date : 2024-10-18 DOI:10.1016/j.jbef.2024.100999

Seiwoong Hong , Junyong Lee , Frederick Dongchuhl Oh , Donglim Shin

引用次数: 0

Abstract

We examine the effect of religion on household saving behavior. For a sample of 12,686 U.S. households between 2000 and 2016, we find that religious households (i.e., households that have a religious affiliation) are more likely to hold savings accounts than non-religious households. Furthermore, using religious upbringing as an instrument, we show that religion-induced economic attitudes, such as future time preference and risk aversion, increase household saving propensity. Finally, the positive association between religious affiliation and saving propensity is more pronounced for Catholics than Protestants. Overall, our study highlights the importance of religion in shaping households’ saving behavior. (JEL G51, Z12, D14, D91)

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宗教与家庭储蓄行为

我们研究了宗教对家庭储蓄行为的影响。在 2000 年至 2016 年间的 12,686 个美国家庭样本中，我们发现宗教家庭（即有宗教信仰的家庭）比无宗教信仰的家庭更有可能持有储蓄账户。此外，利用宗教教养作为工具，我们还表明宗教导致的经济态度（如未来时间偏好和风险规避）会提高家庭储蓄倾向。最后，与新教徒相比，天主教徒的宗教归属与储蓄倾向之间的正相关关系更为明显。总之，我们的研究强调了宗教在影响家庭储蓄行为方面的重要性。(JEL G51, Z12, D14, D91)

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Journal of Behavioral and Experimental Finance BUSINESS, FINANCE-

CiteScore

13.20

自引率

6.10%

发文量

审稿时长

69 days

期刊介绍： Behavioral and Experimental Finance represent lenses and approaches through which we can view financial decision-making. The aim of the journal is to publish high quality research in all fields of finance, where such research is carried out with a behavioral perspective and / or is carried out via experimental methods. It is open to but not limited to papers which cover investigations of biases, the role of various neurological markers in financial decision making, national and organizational culture as it impacts financial decision making, sentiment and asset pricing, the design and implementation of experiments to investigate financial decision making and trading, methodological experiments, and natural experiments. Journal of Behavioral and Experimental Finance welcomes full-length and short letter papers in the area of behavioral finance and experimental finance. The focus is on rapid dissemination of high-impact research in these areas.