The Protestant Fiscal Ethic:Religious Confession and Euro Skepticism in Germany

Adrian Chadi and Matthias Krapf

No 201507, IAAEU Discussion Papers from Institute of Labour Law and Industrial Relations in the European Union (IAAEU)

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.

Keywords: protestantism; euro crisis; subjective wellbeing; media coverage (search for similar items in EconPapers)
JEL-codes: E00 I31 L82 Z12 (search for similar items in EconPapers)
Date: 2015-06
New Economics Papers: this item is included in nep-eec, nep-hap and nep-mac
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (4)

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http://www.iaaeg.de/images/DiscussionPaper/2015_07.pdf First version, 2015 (application/pdf)

Related works:
Journal Article: THE PROTESTANT FISCAL ETHIC: RELIGIOUS CONFESSION AND EURO SKEPTICISM IN GERMANY (2017)
Working Paper: The Protestant Fiscal Ethic: Religious Confession and Euro Skepticism in Germany (2015)
Working Paper: The Protestant Fiscal Ethic: Religious Confession and Euro Skepticism in Germany (2015)
Working Paper: The Protestant Fiscal Ethic: Religious Confession and Euro Skepticism in Germany (2015)
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Persistent link: https://EconPapers.repec.org/RePEc:iaa:dpaper:201507

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