Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/115543
Authors: 
Pecha, Camilo
Ruprah, Inder Jit
Year of Publication: 
2015
Series/Report no.: 
IDB Working Paper Series IDB-WP-601
Abstract: 
This paper explores the role of religion in mitigating the degree to which unemployment reduces subjective well-being and it examines its support of social programs. The paper goes beyond existing literature in three ways: It extends existing literature to Latin America and Caribbean countries; it explicitly includes analysis of two confounders (social capital and personal traits) ignored in existing literature; and it moves beyond correlation by using the propensity score method to tease out a causal relation between religion and well-being. We find that religion acts as a buffer: Unemployed religious people are relatively happier than are nonreligious unemployed people. However, in contrast with the existing literature, we find that religious people are relatively more supportive of public social policy.
Subjects: 
life satisfaction
religion
unemployment
insurance
JEL: 
Z12
I31
J65
D02
Persistent Identifier of the first edition: 
Creative Commons License: 
http://creativecommons.org/licenses/by-nc-nd/3.0/igo/legalcode
Document Type: 
Working Paper

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