Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/121355
Authors: 
Chadi, Adrian
Krapf, Matthias
Year of Publication: 
2015
Series/Report no.: 
IAAEU Discussion Paper Series in Economics 07/2015
Abstract: 
During the European sovereign debt crisis, most countries that ran into fiscal trouble had Catholic majorities, whereas countries with Protestant majorities were able to avoid fiscal problems. Survey data show that, within Germany, views on the euro differ between Protestants and Non-Protestants, too. Among Protestants, concerns about the euro have, compared to Non-Protestants, increased during the crisis, and significantly reduce their subjective wellbeing only. We use the timing of survey interviews and news events in 2011 to account for the endogeneity of euro concerns. Emphasis on moral hazard concerns in Protestant theology may, thus, still shape economic preferences.
Subjects: 
protestantism
euro crisis
subjective wellbeing
media coverage
JEL: 
E00
I31
L82
Z12
Document Type: 
Working Paper

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