Religion and growth

We use the elements of a macroeconomic production function - physical capital, human capital, labor, and technology - together with standard growth models to frame the role of religion in economic growth. Unifying a growing literature, we argue that religion can enhance or impinge upon economic grow...

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Bibliographic Details
Authors: Becker, Sascha O. 1973- (Author) ; Rubin, Jared ca. 20./21. Jh. (Author) ; Woessmann, Ludger 1973- (Author)
Format: Electronic Book
Language:English
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WorldCat: WorldCat
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Published: Bonn, Germany IZA- Institute of Labor Economics October 2023
In: Discussion paper series (no. 16494)
Year: 2023
Series/Journal:Discussion paper series / IZA no. 16494
Further subjects:B preferences
B Demography
B Growth
B Religion
B Norms
B Christianity
B Capital
B Plant populations
B Labor
B Grey literature
B Institutions
B Technological Change
B saving
B Islam
B Political Economy
B Education
B Fertility
B Rituals
B Conflict
B financial development
B Judaism
B Human Capital
B total factor productivity
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Summary:We use the elements of a macroeconomic production function - physical capital, human capital, labor, and technology - together with standard growth models to frame the role of religion in economic growth. Unifying a growing literature, we argue that religion can enhance or impinge upon economic growth through all four elements because it shapes individual preferences, societal norms, and institutions. Religion affects physical capital accumulation by influencing thrift and financial development. It affects human capital through both religious and secular education. It affects population and labor by influencing work effort, fertility, and the demographic transition. And it affects total factor productivity by constraining or unleashing technological change and through rituals, legal institutions, political economy, and conflict. Synthesizing a disjoint literature in this way opens many interesting directions for future research.
Persistent identifiers:HDL: 10419/282621