宗教信仰与年轻人的财务困境

IF 3.6 2区 经济学 Q1 BUSINESS, FINANCE
Lei Lei , Weijie Lu , Geng Niu , Yang Zhou
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引用次数: 0

摘要

经济困难是青年中普遍存在的问题。许多有影响力的文献都认为,宗教对人类生活有着重大影响。我们利用具有代表性的美国青少年样本,探讨宗教信仰是否会影响财务困境。为了解决内生性问题,我们利用了青少年同龄人的校内差异。通过将青少年自身的宗教信仰与学校同伴群体的宗教信仰相联系,我们发现,较高的宗教信仰水平会显著降低青少年成年后陷入财务困境的可能性。我们的结果经得起各种稳健性检验。为了揭示其中的机制,我们探讨了宗教信仰对个人交际能力和各种心理属性的影响。我们发现,宗教信仰越虔诚的人自控力越强,而自控力是避免财务困境的关键属性。我们的研究提供了严谨的因果证据,证明宗教信仰可以有效预测年轻成年人财务困境的减少,从而为相关文献做出了贡献。
本文章由计算机程序翻译,如有差异,请以英文原文为准。
Religiosity and financial distress of the young

Financial distress is a prevalent issue among the youth. An influential stream of literature has argued that religion wields significant influence over human life. Using a representative sample of U.S. young people, we explore whether religiosity matters for financial distress. To deal with endogeneity issue, we exploit arguably exogeneous within-school variation in adolescents’ peers. By instrumenting an adolescent's own religiosity with the religiosity of their school peer group, we find that higher levels of religiosity causally and significantly reduce the likelihood of financial distress at young adulthood. Our results withstand a variety of robustness checks. To shed light on the mechanisms, we explore the impact of religiosity on an individual's sociability and various psychological attributes. We find that more religious individuals hold higher levels of self-control, a crucial attribute that aids in averting financial distress. Our study contributes to the literature by providing rigorous causal evidence that identifies religiosity as a meaningful predictor of reduced financial distress among young adults.

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来源期刊
CiteScore
6.40
自引率
5.40%
发文量
262
期刊介绍: The Journal of Banking and Finance (JBF) publishes theoretical and empirical research papers spanning all the major research fields in finance and banking. The aim of the Journal of Banking and Finance is to provide an outlet for the increasing flow of scholarly research concerning financial institutions and the money and capital markets within which they function. The Journal''s emphasis is on theoretical developments and their implementation, empirical, applied, and policy-oriented research in banking and other domestic and international financial institutions and markets. The Journal''s purpose is to improve communications between, and within, the academic and other research communities and policymakers and operational decision makers at financial institutions - private and public, national and international, and their regulators. The Journal is one of the largest Finance journals, with approximately 1500 new submissions per year, mainly in the following areas: Asset Management; Asset Pricing; Banking (Efficiency, Regulation, Risk Management, Solvency); Behavioural Finance; Capital Structure; Corporate Finance; Corporate Governance; Derivative Pricing and Hedging; Distribution Forecasting with Financial Applications; Entrepreneurial Finance; Empirical Finance; Financial Economics; Financial Markets (Alternative, Bonds, Currency, Commodity, Derivatives, Equity, Energy, Real Estate); FinTech; Fund Management; General Equilibrium Models; High-Frequency Trading; Intermediation; International Finance; Hedge Funds; Investments; Liquidity; Market Efficiency; Market Microstructure; Mergers and Acquisitions; Networks; Performance Analysis; Political Risk; Portfolio Optimization; Regulation of Financial Markets and Institutions; Risk Management and Analysis; Systemic Risk; Term Structure Models; Venture Capital.
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