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  • Purpose: This paper aims to examine the influence of religious backgrounds and religiosity on three dimensions of household finance (the decision to hold secured debt, the likelihood of being in a state of financial distress and the likelihood of being in a state of financial well-being) across a large sample of European countries. Design/methodology/approach: The study uses data from the European Union Statistics on Income and Living Conditions (EU-SILC) data set, spanning from 2004 to 2018. The authors conduct regression analysis to examine the relationship between religion and household financial choices. Findings: The study finds that belonging to a predominantly Catholic or Orthodox (Protestant) country is negatively (positively) associated with the likelihood of holding a mortgage. Belonging to a mostly Catholic (Protestant) country is negatively (positively) associated with the likelihood of being in a state of financial distress. Belonging to a predominantly Catholic (Protestant) country is positively (negatively) associated with the likelihood of being in a state of financial well-being. These relationships remain robust after controlling for a large number of demographic and economic variables. Originality/value: In this paper, the authors analyze for the first time the impact of religion on household finance in a wide range of European countries. It is also the first time that the EU-SILC database, which aggregates data on more than three million European households, is used for the study of this topic. (xsd:string)
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  • (SILC) (xsd:string)
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  • EU-SILC-Bibliography (xsd:string)
?:dateModified
  • 2024 (xsd:gyear)
?:datePublished
  • 2024 (xsd:gyear)
?:doi
  • 10.1108/SEF-02-2022-0107 ()
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  • 286 (xsd:string)
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  • english (xsd:string)
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  • 10867376 ()
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  • 2 (xsd:string)
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  • Does religion influence the household finance? Evidence from Europe (xsd:string)
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  • article (xsd:string)
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  • Bibsonomy (xsd:string)
  • In Studies in Economics and Finance, 41(2), 286-311, 2024 (xsd:string)
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  • European Union Statistics on Income and Living Conditions (EU-SILC) (xsd:string)
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  • 2024 (xsd:string)
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  • SILC (xsd:string)
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  • 311 (xsd:string)
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  • 41 (xsd:string)