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Can religion insure against aggregate shocks to happiness? The case of transition countries
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SYSNO ASEP 0431623 Document Type J - Journal Article R&D Document Type Journal Article Subsidiary J Článek ve WOS Title Can religion insure against aggregate shocks to happiness? The case of transition countries Author(s) Popova, Olga (NHU-N) RID Source Title Journal of Comparative Economics. - : Elsevier - ISSN 0147-5967
Roč. 42, č. 3 (2014), s. 804-818Number of pages 15 s. Publication form Print - P Language eng - English Country US - United States Keywords transition economies ; religion ; happiness Subject RIV AH - Economics Institutional support NHU-N - RVO:67985998 UT WOS 000342547800018 EID SCOPUS 84925297486 DOI 10.1016/j.jce.2014.05.003 Annotation This paper examines the effects of reforms and religion on happiness in transition economies. Earlier literature suggests that religiosity insures happiness against various individual stressful life events. This phenomenon is well-explored in developed countries but rarely studied in post-communist countries, where religion was officially suppressed for a long period. These countries have undergone considerable economic transformations over the past two decades. Using cross-sectional Life in Transition Survey data and historical data on religions, I examine if religion insures against economic reforms. The endogeneity of religion is taken into account. The findings suggest that economic reforms may have both positive and negative effects on happiness. Religiosity indeed insures happiness and perceptions of economic and political situations against economic reforms. Workplace Economics Institute Contact Tomáš Pavela, pavela@cerge-ei.cz, Tel.: 224 005 122 Year of Publishing 2015
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