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dc.contributor.authorBlomberg, S. Brocken_US
dc.contributor.authorDeLeire, Thomasen_US
dc.contributor.authorHess, Gregory D.en_US
dc.date.accessioned2007-05-09en_US
dc.date.accessioned2009-07-28T08:13:28Z-
dc.date.available2009-07-28T08:13:28Z-
dc.date.issued2006en_US
dc.identifier.urihttp://hdl.handle.net/10419/25899-
dc.description.abstractWe construct and estimate an economic model of religious giving. We employ a dynamic consumer optimization model with mortality in which intra-temporal utility stems from both consumption and religious contributions. Individuals also decide how to allocate resources between religious contributions (which have both a this-life consumption value and an afterlife investment value) and other consumption expenditures. If religious contributions do not have an after-life investment value, the ratio of contributions to consumption expenditures should be unrelated to the probability of death. However, if there is an investment value from religious giving, individuals should allocate a greater share of their income to religious contributions as their probability of death increases. We estimate the model using data from the Consumer Expenditure Survey on the consumption and religious contribution patterns of a repeated cross-section of households and of a synthetic cohort panel. We find strong evidence that individuals behave as if religious contributions have a value in the after-life, in a manner consistent with the after life-cycle model. The estimates of the structural parameters of the model also imply that while after-life investment considerations (i.e. impending death) are an important determinant of the life-cycle profile of religious contributions, within-life (i.e. religious consumption) factors pin down a household’s average level of religious contributions over a lifetime.en_US
dc.language.isoengen_US
dc.publisherCESifo Münchenen_US
dc.relation.ispartofseriesCESifo working paper 1854en_US
dc.subject.jelH1en_US
dc.subject.jelH5en_US
dc.subject.jelH8en_US
dc.subject.ddc330en_US
dc.titleThe (after) life-cycle theory of religious contributionsen_US
dc.typeWorking Paperen_US
dc.identifier.ppn528602551en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-
Appears in Collections:CESifo Working Papers, CESifo Group Munich

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